FRANK OLEAN CENTER INC

EIN: 050311198 501(c)(3)

WESTERLY, RI

Total Revenue
$2,934,265
Total Expenses
$2,829,210
Total Assets
$1,918,754
Net Assets
$1,578,353
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
RI
Principal Officer
BETHANY LYONS
Phone
4015962091
Tax Period
2024-01-01 to 2024-12-31

FRANK OLEAN CENTER INC, founded in 1966, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 4% surplus.

Mission

TO PROVIDE SERVICES AND SUPPORT TO PEOPLE WITH DEVELOPMENTAL DISABILITIES IN ORDER TO ACHIEVE THEIR DESIRED LEVEL OF INTEGRATION, INDEPENDENCE & PRODUCTIVITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,876,714
Program Service Revenue $0
Investment Income $31,270
Other Revenue $26,281
TOTAL REVENUE $2,934,265

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,257,232
Fundraising Expenses $93,061
Program Expenses $2,146,937
Other Expenses $571,978
TOTAL EXPENSES $2,829,210

Year-over-Year Comparison

2024 2023 Change
Revenue $2,934,265 $2,611,221 +0.1%
Expenses $2,829,210 $2,519,618 +0.1%
Net Income $105,055 $91,603 +0.1%
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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Governance

Voting Members
11
Independent Members
11
Employees
103
Volunteers
11

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
4
$0
Total Directors
12
$98,405
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUTH TURECKOVA EXECUTIVE DI 40.00
Director
$98,405 $0 $98,405
KEVIN ALLEN BOARD MEMBER 2.00
Director
$0 $0 $0
LESLIE BARTHOLOMEW BOARD MEMBER 2.00
Director
$0 $0 $0
DENISE BERGERON BOARD MEMBER 2.00
Director
$0 $0 $0
JEFFREY FRENETE BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID KMETZ TREASURER 2.00
Officer Director
$0 $0 $0
KEVIN LIGUORI BOARD MEMBER 2.00
Director
$0 $0 $0
BETHANY LYONS PRESIDENT 2.00
Officer Director
$0 $0 $0
EVIE MARTIN SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN NICOLOSI BOARD MEMBER 2.00
Director
$0 $0 $0
JOANNA VALENTINI VICE PRESIDE 2.00
Officer Director
$0 $0 $0
ANNE WOOD BOARD MEMBER 2.00
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 $2,934,265 $2,829,210 $1,918,754 $105,055
2023 $2,611,221 $2,519,618 $2,013,362 $91,603
2022 $3,016,201 $2,309,281 $2,377,635 $706,920
2021 $2,271,159 $2,226,440 $1,427,666 $44,719
2020 $2,023,326 $2,567,658 $1,459,991 $-544,332
2019 $2,939,093 $2,968,520 $1,677,108 $-29,427
2018 $3,106,048 $3,019,272 $1,808,056 $86,776
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