RHODE ISLAND LEAGUE OF CITIES AND TOWNS (EIN 050354857) - 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

RANDY R ROSSI

Phone

4012723434

Tax Period

2024-07-01 to 2025-06-30

RHODE ISLAND LEAGUE OF CITIES AND TOWNS, founded in 1972, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 4% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS REPRESENTING THE COLLECTIVE BEST INTERESTS OF THE STATE OF RHODE ISLAND'S THIRTY-NINE (39) POLITICAL SUBDIVISIONS BEFORE STATE DEPARTMENTS AND AGENCIES, THE STATE LEGISLATURE AND THE FEDERAL GOVERNMENT.

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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 $92,812

Program Service Revenue $936,256

Investment Income $47,581

Other Revenue $18,698

TOTAL REVENUE $1,095,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $717,200

Fundraising Expenses $0

Program Expenses $770,315

Other Expenses $328,895

TOTAL EXPENSES $1,046,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,095,347	$960,118	+0.1%
Expenses	$1,046,095	$958,071	+0.1%
Net Income	$49,252	$2,047	+23.1%

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

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

$290,241

Total Directors

$290,241

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERNEST A ALMONTE	EXECUTIVE DIRECTOR (THRU 10/24)	40.00	Officer Director	$211,969	$39,468	$251,437
RANDY R ROSSI	EXECUTIVE DIRECTOR (AS OF 10/24)	40.00	Officer Director	$31,731	$7,073	$38,804
ROBERTO L DASILVA	PRESIDENT	2.00	Officer Director	$0	$0	$0
KENNETH J HOPKINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
XAY KHAMSYVORAVONG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HILLARY LIMA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREW E NOTA	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER A BEAUCHAMP	DIRECTOR	2.00	Director	$0	$0	$0
STEVE CONTENTE	DIRECTOR	2.00	Director	$0	$0	$0
PHILIP G GOULD	DIRECTOR	2.00	Director	$0	$0	$0
DONALD R GREBIEN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES A LOMBARDI	DIRECTOR	2.00	Director	$0	$0	$0
JAMES M MANNI	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY J MCCORMICK	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD A MELLO	DIRECTOR	2.00	Director	$0	$0	$0
A RALPH MOLLIS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT L MUSHEN	DIRECTOR (THRU 12/24)	2.00	Director	$0	$0	$0
FRANK J PICOZZI	DIRECTOR	2.00	Director	$0	$0	$0
KAREN PINCH	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH POLISENA JR	DIRECTOR (THRU 09/24)	2.00	Director	$0	$0	$0
RICHARD RAINER	DIRECTOR (THRU 09/24)	2.00	Director	$0	$0	$0
L MARIA RIVERA	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT W SELTZER	DIRECTOR	2.00	Director	$0	$0	$0
BRETT P SMILEY	DIRECTOR	2.00	Director	$0	$0	$0
JAMES R TIERNEY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL C WOOD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID M BODAH	ASSOCIATE DIRECTOR	40.00	Highest	$103,858	$9,942	$113,800

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	$1,095,347	$1,046,095	$1,239,402	$49,252
2024	$960,118	$958,071	$1,273,757	$2,047
2023	$890,600	$829,739	$1,309,010	$60,861
2022	$771,090	$732,220	$1,021,597	$38,870
2021	$762,986	$669,228	$983,643	$93,758
2020	$844,971	$814,299	$913,030	$30,672
2019	$794,590	$893,300	$874,990	$-98,710

RHODE ISLAND LEAGUE OF CITIES AND TOWNS