RIG GLOBAL DFW

EIN: 934077109 501(c)(3) Religion

ODESSA, TX

Total Revenue
$447,021
Total Expenses
$412,611
Total Assets
$34,410
Net Assets
$34,410
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
Principal Officer
JOHN FOLASAKIN
Phone
4325599609
Tax Period
2024-01-01 to 2024-12-31

RIG GLOBAL DFW, founded in 2023, is a small nonprofit in the Religion sector that reported $447K in total revenue in fiscal year 2024. Expenses of $413K left a modest 8% surplus.

Mission

Our mission is to glorify God by serving others through Christ-centered programs that nurture faith, strengthen families, and build communities rooted in biblical truth.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $447,021
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $447,021

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $82,807
Other Expenses $412,611
TOTAL EXPENSES $412,611

Year-over-Year Comparison

2024 2023 Change
Revenue $447,021 N/A N/A
Expenses $412,611 N/A N/A
Net Income $34,410 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
50

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
1
$6,099
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN FOLASAKIN DIRECTOR 40
Director
$1,099 $5,000 $6,099
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $447,021 $412,611 $34,410 $34,410
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