FAMILY SERVICE OF RHODE ISLAND INC (EIN 050258858) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1892

Legal Domicile

Principal Officer

MARGARET HOLLAND MCDUFF

Phone

4015192271

Tax Period

2023-07-01 to 2024-06-30

FAMILY SERVICE OF RHODE ISLAND INC, founded in 1892, is a mid-sized nonprofit in the Human Services sector that reported $28.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

FAMILY SERVICE OF RHODE ISLAND'S (FSRI) MISSION IS TO ADVANCE EQUITY, OPPORTUNITY, AND HOPE IN OUR COMMUNITIES. WE BELIEVE ALL CHILDREN AND FAMILIES HAVE LIMITLESS POTENTIAL. BUT FOR THOSE GROWING UP SURROUNDED BY POVERTY, FAMILY INSTABILITY, AND PHYSICAL OR EMOTIONAL STRESS, LIFE IS TOO OFTEN ABOUT SURVIVAL, NOT POSSIBILITY. FSRI HAS BEEN A PILLAR OF SUPPORT IN THE COMMUNITY SINCE 1892. PROVIDING SERVICES IN 39 CITIES AND TOWNS THROUGHOUT RHODE ISLAND, OUR PROGRAMS HAVE GROWN TO MEET THE CHANGING NEEDS OF OUR COMMUNITY AND ADDRESS THE GAPS IN SERVICES THAT EMERGE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,799,533

Program Service Revenue $6,777,312

Investment Income $148,884

Other Revenue $-21,286

TOTAL REVENUE $28,704,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,722,108

Fundraising Expenses $448,676

Program Expenses $23,881,751

Other Expenses $6,425,720

TOTAL EXPENSES $29,147,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,704,443	$24,323,074	+0.2%
Expenses	$29,147,828	$23,051,417	+0.3%
Net Income	$-443,385	$1,271,657	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

386

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

$786,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMMONS JOHN	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
VINCENT ROBERT	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
WADDINGTON ROBERT	TREASURER	2.00	Officer Director	$0	$0	$0
FARRELL MARGARET	SECRETARY	2.00	Officer Director	$0	$0	$0
FARMER III MALCOLM	CHAIRPERSON EMERITUS	2.00	Officer Director	$0	$0	$0
MARTIN GLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
SMITH WILLIAM	BOARD MEMBER	2.00	Director	$0	$0	$0
PAIVA WEED M TERESA	BOARD MEMBER	2.00	Director	$0	$0	$0
ESSERMAN DEAN	BOARD MEMBER	2.00	Director	$0	$0	$0
BAILEY SYBIL	BOARD MEMBER	2.00	Director	$0	$0	$0
CLEMENTS JR HUGH	BOARD MEMBER	2.00	Director	$0	$0	$0
DE LOS SANTOS DORIS	BOARD MEMBER	2.00	Director	$0	$0	$0
DIOSSA JAMES	BOARD MEMBER	2.00	Director	$0	$0	$0
DWIGHT DANIEL	BOARD MEMBER	2.00	Director	$0	$0	$0
ERSTLING SUSAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KINNEY JAMES	BOARD MEMBER	2.00	Director	$0	$0	$0
READ DACIA	BOARD MEMBER	2.00	Director	$0	$0	$0
IANNAZZI STEPHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MANCINI KURT	BOARD MEMBER	2.00	Director	$0	$0	$0
ORTIZ ROSANNA	BOARD MEMBER	2.00	Director	$0	$0	$0
GLAZIER DR WAYNE	BOARD MEMBER	2.00	Director	$0	$0	$0
MCCLEARY MACKY	BOARD MEMBER	2.00	Director	$0	$0	$0
BROWNE GBATOH	BOARD MEMBER	2.00	Director	$0	$0	$0
OMISORE JAMIE	BOARD MEMBER	2.00	Director	$0	$0	$0
CRISAFULLI MARC	BOARD MEMBER	2.00	Director	$0	$0	$0
ROGERS KELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
HOLLAND MCDUFF MARGARET	CHIEF EXECUTIVE OFFICER	40.00	Officer	$410,377	$30,643	$441,020
DURAND SUZETTE	CFO (AS OF 5/2023)	40.00	Officer	$130,099	$21,469	$151,568
PELLETIER PHYLLIS	CFO (UNTIL 5/2023)	40.00	Officer	$159,658	$33,837	$193,495
CERMIK OMER	PSYCHIATRIST	40.00	Highest	$164,851	$13,930	$178,781
MANZO GINGER	MEDICAL DIRECTOR	40.00	Highest	$296,264	$50,169	$346,433
WEINER BENJAMIN	VICE PRESIDENT	40.00	Highest	$175,426	$9,811	$185,237
MEIZOSO JAMES	VICE PRESIDENT HR	40.00	Highest	$143,342	$29,956	$173,298
KELLY-PALMER SARAH	VICE PRESIDENT	40.00	Highest	$147,299	$34,134	$181,433

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	No data	No data	No data	No data
2024	$28,704,443	$29,147,828	$18,757,364	$-443,385
2023	$24,323,074	$23,051,417	$17,778,407	$1,271,657
2022	$20,721,206	$19,710,394	$15,094,731	$1,010,812
2021	$23,062,284	$19,149,570	$14,998,345	$3,912,714
2020	$21,720,613	$20,924,017	$13,990,297	$796,596
2019	$21,299,170	$20,591,272	$9,811,116	$707,898

FAMILY SERVICE OF RHODE ISLAND INC