RHODE ISLAND BROTHERHOOD OF CORRECTIONAL OFFICERS (EIN 050371219) - 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

Anthony DelSignore

Phone

4019434110

Tax Period

2024-10-01 to 2025-09-30

RHODE ISLAND BROTHERHOOD OF CORRECTIONAL OFFICERS, founded in 1972, is a small nonprofit that reported $641K in total revenue in fiscal year 2024. Net assets of $2.7M represent 50 months of operating reserves.

Mission

To promote and advance the economic and overall well being of all correctional personnel. The encouragement of all correctional personnel to support the Brotherhood and its objectives.

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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 $549,296

Program Service Revenue $0

Investment Income $91,625

Other Revenue $0

TOTAL REVENUE $640,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,531

Fundraising Expenses $0

Program Expenses $568,231

Other Expenses $566,468

TOTAL EXPENSES $694,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$640,921	$660,439	0.0%
Expenses	$694,999	$679,889	+0.0%
Net Income	$-54,078	$-19,450	+1.8%

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

N/A

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

$79,044

Total Directors

$116,246

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike McKenna	2nd V.P.	40.00	Officer Director	$18,601	$0	$18,601
Ken Rivard	Grievance Chairman as needed	40.00	Officer Director	$18,601	$0	$18,601
Richard Ferruccio	President	40.00	Officer Director	$23,241	$0	$23,241
David Mellon	Grievance coordinator	40.00	Officer Director	$18,601	$0	$18,601
Anthony DelSignore	Treasurer as needed	5.00	Director	$18,601	$0	$18,601
Joseph Menezes	1st V.P.	40.00	Director	$18,601	$0	$18,601

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	$640,921	$694,999	$2,686,731	$-54,078
2024	$660,439	$679,889	$2,732,856	$-19,450
2023	$613,463	$628,503	$2,691,701	$-15,040
2022	$601,252	$638,326	$2,737,130	$-37,074
2021	$605,642	$469,360	$2,891,632	$136,282
2020	$625,058	$449,141	$2,688,145	$175,917
2019	$635,612	$522,175	$2,511,733	$113,437
2018	$631,466	$482,576	$2,398,427	$148,890

RHODE ISLAND BROTHERHOOD OF CORRECTIONAL OFFICERS