RHODE ISLAND PUBLIC SERVICE EMPLOY… - Form 990 Financial Data

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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

2002

Legal Domicile

Phone

4013311033

Tax Period

2025-01-01 to 2025-12-31

RHODE ISLAND PUBLIC SERVICE EMPLOYEES TRAINING FUND, founded in 2002, is a small nonprofit in the Employment sector that reported $587K in total revenue in fiscal year 2025. The organization ran a surplus of $141K, a strong 24% operating margin.

Mission

TRAINING/EDUCATION OF CERTAIN RI PUBLIC SERVICE EMPLOYEES' LOCAL'S MEMBERSHIPTHROUGH COLLECTIVELY BARGAINED CONTRIBUTIONS

Program Service Accomplishments

Program 1

FORMULATE AND CIRCULATE CURRICULUMS FOR MEMBERS APPLICABLE TO THE DELIVERY OF PUBLIC SERVICE TO THE CITIZENRY

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $336,617

Investment Income $250,589

Other Revenue $0

TOTAL REVENUE $587,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,971

Fundraising Expenses $0

Other Expenses $269,512

TOTAL EXPENSES $446,483

Year-over-Year Comparison

	2025	2024	Change
Revenue	$587,206	$574,382	+0.0%
Expenses	$446,483	$515,676	-0.1%
Net Income	$140,723	$58,706	+1.4%

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

Employees

Volunteers

N/A

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

$222,200

Total Directors

$438,924

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD R COIA	Chairman	4.00	Director	$0	$132,453	$424,336
DONALD IANNAZZI	COO	20.00	Officer	$111,100	$0	$222,200
VICKI VIRGILIO	Trustee	4.00	Director	$14,588	$0	$14,588
LaSHONNA SEMEDO	Trustee	4.00	Director	$0	$0	$0
David L'Europa	Trustee	4.00	Director	$0	$0	$0

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
2025	$587,206	$446,483	$4,317,279	$140,723
2024	$574,382	$515,676	$3,858,852	$58,706
2023	$550,532	$419,990	$3,574,761	$130,542
2022	$405,245	$357,062	$3,248,045	$48,183
2021	$395,437	$328,967	$3,716,595	$66,470
2020	$400,910	$359,577	$3,407,791	$41,333
2019	$352,191	$417,187	$3,171,375	$-64,996
2018	$343,238	$314,892	$3,027,291	$28,346

RHODE ISLAND PUBLIC SERVICE EMPLOYEES TRAINING FUND