RHODE ISLAND PUBLIC EXPENDITURE COUNCIL (EIN 050271571) - 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

1943

Legal Domicile

Principal Officer

MICHAEL DIBIASE

Phone

4015216320

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND PUBLIC EXPENDITURE COUNCIL, founded in 1943, is a small nonprofit in the Public & Societal Benefit sector that reported $699K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

ADVANCEMENT OF FISCALLY RESPONSIBLE GOVERNMENT, COMPETITIVE TAX POLICIES, AND ECONOMIC OPPORTUNITIES FOR ALL IN RHODE ISLAND BY PROVIDING OBJECTIVE AND NONPARTISON RESEARCH AND ANALYSIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $484,444

Program Service Revenue $201,100

Investment Income $13,330

Other Revenue $0

TOTAL REVENUE $698,874

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $391,704

Fundraising Expenses $106,325

Program Expenses $473,152

Other Expenses $300,021

TOTAL EXPENSES $701,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$698,874	$739,289	-0.1%
Expenses	$701,725	$716,323	0.0%
Net Income	$-2,851	$22,966	-1.1%

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

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

$205,931

Total Directors

$205,931

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ROSATI	DIRECTOR (FROM 9/2023)	1.00	Director	$0	$0	$0
ELIZABETH LYNN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CICILLINE	TRUSTEE (FROM 9/2023)	1.00	Director	$0	$0	$0
EUGENE BERNARDO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FERNANDEZ	DIRECTOR (FROM 12/2023)	1.00	Director	$0	$0	$0
JUSTINE DUFRESNE	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN OROVITZ	TRUSTEE	1.00	Director	$0	$0	$0
MARC LEONETTI	TRUSTEE	1.00	Director	$0	$0	$0
MATT HARVEY	TRUSTEE (FROM 4/2023)	1.00	Director	$0	$0	$0
VASCO CASTRO	DIRECTOR (FROM 4/2023)	1.00	Director	$0	$0	$0
PATRICIA THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
TED SHALLCROSS	DIRECTOR	1.00	Director	$0	$0	$0
TIM DELGIUDICE	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN WIMS	TRUSTEE	1.00	Director	$0	$0	$0
WILL GREENE	TRUSTEE (FROM 9/2023)	1.00	Director	$0	$0	$0
MICHAEL DIBIASE	PRESIDENT & CEO	40.00	Officer Director	$197,260	$8,671	$205,931
MIM L RUNEY LPD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICK A ROGERS	VICE CHARIRMAN	1.00	Officer Director	$0	$0	$0
JAMES H HAHN ESQ	TRUSTEE	1.00	Director	$0	$0	$0
KEITH D KELLY	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELE CINQUEGRANO	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT DAHLBERG	DIRECTOR	1.00	Director	$0	$0	$0
BRADFORD S DIMEO	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN D FAIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GALVIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER D GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
PETER C HAYES	DIRECTOR (TO 9/2023)	1.00	Director	$0	$0	$0
JOHN T RUGGIERI	DIRECTOR	1.00	Director	$0	$0	$0
SHIVAN S SUBRAMANIAM	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY A WOODS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM WRAY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS A LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BRITSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHRIN BELLIVEAU	DIRECTOR	1.00	Director	$0	$0	$0
LARA SALAMANO	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE LEDERBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
OSCAR MEJIAS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW LOPES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
EDI TEBALDI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
KATE HEARNS	DIRECTOR	1.00	Director	$0	$0	$0
RAY GABRIEL	DIRECTOR (TO 4/2023)	1.00	Director	$0	$0	$0
MICHAEL STRETON	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CHERY	DIRECTOR (TO 9/2023)	1.00	Director	$0	$0	$0
ARTHUR SAMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH SUEVER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
SAM HANNA	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD KILGUSS	TRUSTEE	1.00	Director	$0	$0	$0
JEANNE LACHANCE	TRUSTEE	1.00	Director	$0	$0	$0
ALAN H LITWIN CPA	TRUSTEE	1.00	Director	$0	$0	$0
PETER MARINO	DIRECTOR	1.00	Director	$0	$0	$0
NED MCCRORY	TRUSTEE	1.00	Director	$0	$0	$0
RICK METTERS	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH R PAOLINO JR	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN SPERO	TRUSTEE	1.00	Director	$0	$0	$0
ERIC C SWAIN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN M SWEENEY	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN P TRACY	TRUSTEE	1.00	Director	$0	$0	$0
JASON DAPONTE	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH PERRONI	TRUSTEE	1.00	Director	$0	$0	$0
ADAM GWALTNEY	TRUSTEE	1.00	Director	$0	$0	$0
EDMUND DONNELLY	TRUSTEE	1.00	Director	$0	$0	$0
HAROLD HORVAT	TRUSTEE	1.00	Director	$0	$0	$0
JACLYN MORROCCO	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HAZEN WHITE	TRUSTEE	1.00	Director	$0	$0	$0
KELLI ARMSTRONG	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE WHITE	TRUSTEE	1.00	Director	$0	$0	$0
LISA AHART	TRUSTEE	1.00	Director	$0	$0	$0
NEIL STEINBERG	TRUSTEE	1.00	Director	$0	$0	$0
PETER ARDEN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT VINCENT	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN WHITE	TRUSTEE	1.00	Director	$0	$0	$0
TERRANCE MARTIESIAN	TRUSTEE	1.00	Director	$0	$0	$0
VIC VETTER	TRUSTEE	1.00	Director	$0	$0	$0
SEAN O COFFEY ESQ	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT COLUCCI	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN DEL SESTO	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT FREUND	TRUSTEE	1.00	Director	$0	$0	$0
SHEELAGH BEAULIEU	TRUSTEE	1.00	Director	$0	$0	$0
ROGER BEGIN	TRUSTEE	1.00	Director	$0	$0	$0
DIANA FRANCHITTO	TRUSTEE	1.00	Director	$0	$0	$0
MARK J MEIKLEJOHN	TRUSTEE	1.00	Director	$0	$0	$0
COREY MCCARTY	TRUSTEE	1.00	Director	$0	$0	$0
CLIFF WOOD	TRUSTEE	1.00	Director	$0	$0	$0
DEREK PICERNE	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW GALVIN	TRUSTEE	1.00	Director	$0	$0	$0
JACK MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH CATUCCI	TRUSTEE	1.00	Director	$0	$0	$0
GAIL ROBBINS	TRUSTEE (TO 4/2023)	1.00	Director	$0	$0	$0
ROSS NELSON	TRUSTEE	1.00	Director	$0	$0	$0
PETER BROWN	TRUSTEE	1.00	Director	$0	$0	$0
HENRY D SHARPE JR	HONORARY TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$698,874	$701,725	$321,473	$-2,851
2022	$739,289	$716,323	$319,957	$22,966
2021	$739,253	$609,642	$292,129	$129,611
2020	$453,563	$592,642	$176,510	$-139,079
2019	$762,434	$836,685	$389,306	$-74,251
2018	$734,415	$727,212	$385,869	$7,203

RHODE ISLAND PUBLIC EXPENDITURE COUNCIL