CROSSROADS RHODE ISLAND (EIN 050259094) - Form 990 Financial Analysis & Trantor Score

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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

1929

Legal Domicile

Principal Officer

MICHELLE WILCOX

Phone

4015212255

Tax Period

2024-01-01 to 2024-12-31

CROSSROADS RHODE ISLAND, founded in 1929, is a mid-sized nonprofit in the Human Services sector that reported $24.2M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.0M, a strong 17% operating margin.

Mission

TO HELP THOSE EXPERIENCING HOMELESSNESS SECURE STABLE HOMES.

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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 $25,477,741

Program Service Revenue $1,479,804

Investment Income $-2,766,552

Other Revenue $-17,513

TOTAL REVENUE $24,173,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,166,732

Fundraising Expenses $1,682,928

Program Expenses $16,611,594

Other Expenses $8,838,049

TOTAL EXPENSES $20,178,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,173,480	$30,664,778	-0.2%
Expenses	$20,178,711	$19,348,613	+0.0%
Net Income	$3,994,769	$11,316,165	-0.6%

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

295

Volunteers

330

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

$1,388,206

Total Directors

$352,962

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM HAMBLETT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALDEN M ANDERSON JR	DIRECTOR	1.00	Director	$0	$0	$0
BETH MCQUADE	DIRECTOR	1.00	Director	$0	$0	$0
BRADFORD S DIMEO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE MESSIER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GILDEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NASTRO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ORTIZ	DIRECTOR	1.00	Director	$0	$0	$0
DR MARGARET M VAN BREE	MEMBER AT LARGE	1.00	Director	$0	$0	$0
EUGENIO FERNANDEZ JR	DIRECTOR	1.00	Director	$0	$0	$0
FRANK MAURAN	DIRECTOR	1.00	Director	$0	$0	$0
GAYLE WOLF	DIRECTOR (TO 4/24)	1.00	Director	$0	$0	$0
GREG ALMEIDA	DIRECTOR	1.00	Director	$0	$0	$0
HELENA BUONANNO FOULKES	MEMBER AT LARGE	1.00	Director	$0	$0	$0
HOWARD G SUTTON	HONORARY DIRECTOR	1.00	Director	$0	$0	$0
JAMES DIOSSSA	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY DANA ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JILL DESHIRO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GALVIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN J MCCONNELL JR	CHAIR EMERITUS (TO 4/24)	1.00	Director	$0	$0	$0
JULIE DUFFY ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
KAREN G DELPONTE	DIRECTOR (TO 4/24)	1.00	Director	$0	$0	$0
KEITH KELLY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN TRACY	DIRECTOR	1.00	Director	$0	$0	$0
M TERESA PAIVA WEED ESQ	MEMBER AT LARGE	1.00	Director	$0	$0	$0
MARIE BERNARDO-SOUSA LP D	DIRECTOR (TO 4/24)	1.00	Director	$0	$0	$0
MARK STEWART	TREASURER	1.00	Officer Director	$0	$0	$0
MARSHALL VOTTA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MORRISON	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
MATTHEW T MARCELLO III ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MELLO	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WILCOX	PRESIDENT & CEO	40.00	Officer Director	$315,247	$37,715	$352,962
MONICA HUERTAS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE E ALEXANDER-SCOTT MD	DIRECTOR (TO 4/24)	1.00	Director	$0	$0	$0
PATRICK WHOLEY	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL CAREY	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
REBECCA WEBBER	MEMBER AT LARGE	1.00	Director	$0	$0	$0
STACIE B COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MORAN	DIRECTOR	1.00	Director	$0	$0	$0
TONY SIMON	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA BRANCH	SECRETARY	1.00	Officer Director	$0	$0	$0
GORDON FOX	CHIEF ASSET DEVELOPMENT OFFICER	40.00	Officer	$149,353	$14,165	$163,518
JOHN MACDONALD	CHIEF PROGRAM OFFICER	40.00	Officer	$177,873	$25,001	$202,874
KAREN SANTILLI	CEO (TO 2/24)	40.00	Officer	$108,844	$23,843	$132,687
LAURA CALENDA	CHIEF PHILANTHROPY OFFICER	40.00	Officer	$206,038	$8,339	$214,377
MERELISE HITTE	CHIEF FINANCIAL OFFICER	40.00	Officer	$248,612	$15,684	$264,296
JENNIFER SCHANCK-BOLWELL	CHIEF OPERATING OFFICER (AS OF 9/24)	1.00	Officer	$55,266	$2,226	$57,492
JENNA NUTTING	VP SUPPORTIVE SERVICES	40.00	Highest	$127,429	$11,094	$138,523
JENNIFER WATKINS	VP SHELTER SERVICES	40.00	Highest	$124,985	$22,988	$147,973
MARCIA MARINO	VP FINANCE	40.00	Highest	$134,112	$5,720	$139,832
MONICA SPICER	VP HOUSING ASSETS	40.00	Highest	$127,718	$9,820	$137,538
GREG AMOROSO	VP HUMAN RESOURCES	40.00	Highest	$120,905	$5,204	$126,109

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	$24,173,480	$20,178,711	$61,030,076	$3,994,769
2023	$30,664,778	$19,348,613	$55,754,789	$11,316,165
2022	$26,538,229	$20,566,288	$40,041,103	$5,971,941
2021	$18,689,220	$17,864,368	$33,809,846	$824,852
2020	$15,648,924	$16,109,525	$29,367,705	$-460,601
2019	$13,095,510	$13,905,072	$22,278,394	$-809,562
2018	$17,177,870	$12,820,508	$22,253,560	$4,357,362

CROSSROADS RHODE ISLAND