RIG GLOBAL DFW

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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

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.

Program Service Accomplishments

Program 1

Expenses: $82,807 Revenue: $109,773

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, we equip individuals to grow in their personal relationship with Jesus Christ, live out the Gospel in daily life, and extend God???s love through acts of service, discipleship, and outreach.

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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%)

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

Total Directors

$6,099

Key Employees

Highest Compensated

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