DA VINCI CENTER FOR COMMUNITY PROGRESS (EIN 050352730) - 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

1972

Legal Domicile

Principal Officer

NORMA GONZALEZ

Phone

4012727474

Tax Period

2024-01-01 to 2024-12-31

DA VINCI CENTER FOR COMMUNITY PROGRESS, founded in 1972, is a small nonprofit that reported $557K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $486K left a modest 13% surplus.

Mission

A NEIGHBORHOOD, MULTI-PURPOSE SOCIAL SERVICE AGENCY TO PROVIDE NEEDED SERVICES TO RESIDENTS OF ALL AGES IN THE NORTH END OF PROVIDENCE.

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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 $503,453

Program Service Revenue $412

Investment Income $2,133

Other Revenue $50,603

TOTAL REVENUE $556,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,794

Fundraising Expenses $15,745

Program Expenses $312,717

Other Expenses $187,438

TOTAL EXPENSES $486,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$556,601	$440,365	+0.3%
Expenses	$486,232	$542,081	-0.1%
Net Income	$70,369	$-101,716	-1.7%

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

Total Directors

$83,078

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD PONTARELLI	DIRECTOR	1.00	Director	$0	$0	$0
FRANK DEPETRILLO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FUOROLI	DIRECTOR	1.00	Director	$0	$0	$0
SHAREN GLECKMAN	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DEANGELIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICK MARINI	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PETER A TURENNE	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT MELLO	SECRETARY	2.00	Officer Director	$0	$0	$0
NORMA GONZALEZ	EXECUTIVE DI	40.00	Director	$83,078	$0	$83,078

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	$556,601	$486,232	$268,974	$70,369
2023	$440,365	$542,081	$199,562	$-101,716
2022	$422,746	$404,783	$311,899	$17,963
2021	$478,312	$421,847	$241,937	$56,465
2020	$285,061	$312,349	$191,745	$-27,288
2019	$383,359	$295,927	$161,785	$87,432
2018	$297,746	$332,640	$136,066	$-34,894

DA VINCI CENTER FOR COMMUNITY PROGRESS