PROVIDENCE PRESERVATION SOCIETY (EIN 050283958) - 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

1956

Legal Domicile

Principal Officer

MARISA BROWN

Phone

4018317440

Tax Period

2023-01-01 to 2023-12-31

PROVIDENCE PRESERVATION SOCIETY, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $824K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $4.1M represent 59 months of operating reserves.

Mission

SINCE 1956, THE PROVIDENCE PRESERVATION SOCIETY HAS WORKED TO IMPROVE PROVIDENCE BY ADVOCATING FOR HISTORIC PRESERVATION AND THE ENHANCEMENT OF THE CITY'S UNIQUE CHARACTER THROUGH THOUGHTFUL DESIGN AND PLANNING.

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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 $668,365

Program Service Revenue $25,729

Investment Income $110,292

Other Revenue $19,678

TOTAL REVENUE $824,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,802

Fundraising Expenses $174,866

Program Expenses $519,975

Other Expenses $479,753

TOTAL EXPENSES $871,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$824,064	$626,432	+0.3%
Expenses	$871,155	$745,925	+0.2%
Net Income	$-47,091	$-119,493	-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

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

$88,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN JAGGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CATHERINE LUND	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN HUNDLEY	TREASURER	1.00	Officer Director	$0	$0	$0
JARED SUGERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHRYN J CAVANAUGH	TRUSTEE	1.00	Director	$0	$0	$0
JOANNA DOHERTY	TRUSTEE	1.00	Director	$0	$0	$0
PIERSON W BOOHER	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER EVANS	TRUSTEE	1.00	Director	$0	$0	$0
ROCHELLE LEE	TRUSTEE	1.00	Director	$0	$0	$0
BARRY W FAIN	TRUSTEE	1.00	Director	$0	$0	$0
WENDY MACGAW	TRUSTEE (RESIGNED)	1.00	Director	$0	$0	$0
JONATHAN PITTS-WILEY	TRUSTEE	1.00	Director	$0	$0	$0
KAMARIA HAYDEN	TRUSTEE	1.00	Director	$0	$0	$0
SHIDEH SHAFIE	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA SOKOLOFF	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY L HUBBARD	TRUSTEE	1.00	Director	$0	$0	$0
ROSA PASTOR	TRUSTEE	1.00	Director	$0	$0	$0
WM MCKENZIE WOODWARD	TRUSTEE	1.00	Director	$0	$0	$0
CARRIE ZASLOW	TRUSTEE	1.00	Director	$0	$0	$0
KATY POMPLUN	TRUSTEE	1.00	Director	$0	$0	$0
BRENT RUNYON	EXECUTIVE DIRECTOR(THROUGH 6/30/23)	40.00	Officer	$60,434	$8,502	$68,936
MARISA BROWN	EXECUTIVE DIRECTOR (BEGINNING 10/15/23)	40.00	Officer	$17,083	$2,493	$19,576

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	$824,064	$871,155	$4,474,181	$-47,091
2022	$626,432	$745,925	$4,075,784	$-119,493
2021	$1,289,482	$781,495	$4,480,028	$507,987
2020	$549,513	$687,879	$3,638,608	$-138,366
2019	$1,129,306	$670,878	$3,486,713	$458,428
2018	$1,410,994	$720,842	$2,875,320	$690,152

PROVIDENCE PRESERVATION SOCIETY