MENTAL HEALTH ASSOCIATION OF RHODE ISLAND (EIN 050280788) - 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

1916

Legal Domicile

Principal Officer

LAURIE-MARIE PISCIOTTA

Phone

4017262285

Tax Period

2024-07-01 to 2025-06-30

MENTAL HEALTH ASSOCIATION OF RHODE ISLAND, founded in 1916, is a small nonprofit in the Mental Health sector that reported $241K in total revenue in fiscal year 2024. Expenses of $350K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO PROMOTE HEALTH, PREVENT MENTAL ILLNESS, AND IMPROVE MENTAL HEALTH THROUGH ADVOCACY, EDUCATION AND RESEARCH

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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 $222,500

Program Service Revenue $0

Investment Income $876

Other Revenue $17,944

TOTAL REVENUE $241,320

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $249,801

Fundraising Expenses $10,938

Program Expenses $265,581

Other Expenses $66,990

TOTAL EXPENSES $349,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,320	$224,890	+0.1%
Expenses	$349,841	$382,087	-0.1%
Net Income	$-108,521	$-157,197	-0.3%

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

$82,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA VICTORINO	PRESIDENT	2.00	Officer Director	$0	$0	$0
JUDITH FOX	BOARD MEMBER	2.00	Director	$0	$0	$0
LEONARD RAMOS	TREASURER	2.00	Officer Director	$0	$0	$0
KEN PARISEAU	BOARD MEMBER	2.00	Director	$0	$0	$0
PAT BEAUCHEMIN	SECRETARY	2.00	Officer Director	$0	$0	$0
CRISTY RAPOSO	BOARD MEMBER	2.00	Director	$0	$0	$0
PRACHI KENE	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURIE-MARIE PISCIOTTA	EXECUTIVE DIRECTOR	37.50	Officer	$75,481	$6,546	$82,027

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	$241,320	$349,841	$203,623	$-108,521
2024	No data	No data	No data	No data
2023	$261,774	$278,657	$448,477	$-16,883
2022	$268,854	$208,301	$465,186	$60,553
2021	$255,377	$222,530	$409,933	$32,847
2020	$190,125	$214,302	$377,582	$-24,177
2019	$145,486	$168,290	$388,143	$-22,804
2018	$207,609	$139,996	$418,063	$67,613

MENTAL HEALTH ASSOCIATION OF RHODE ISLAND