RHODE ISLAND PUBLIC SERVICE EMPLOYEES LEGAL SERVICES FUND (EIN 050384611) - 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

1974

Legal Domicile

Phone

4013311033

Tax Period

2025-01-01 to 2025-12-31

RHODE ISLAND PUBLIC SERVICE EMPLOYEES LEGAL SERVICES FUND, founded in 1974, is a small nonprofit that reported $910K in total revenue in fiscal year 2025. Expenses of $877K left a modest 4% surplus.

Mission

PROVIDE LEGAL AND TAX SERVICES TO ELIGIBLE PARTICIPANTS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $757,331

Investment Income $152,239

Other Revenue $0

TOTAL REVENUE $909,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,611

Fundraising Expenses $0

Other Expenses $27,310

TOTAL EXPENSES $876,831

Year-over-Year Comparison

	2025	2024	Change
Revenue	$909,570	$859,950	+0.1%
Expenses	$876,831	$849,012	+0.0%
Net Income	$32,739	$10,938	+2.0%

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

Total Directors

$21,078

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY P WALSH	SEC/TREAS	5.00	Director	$0	$4,716	$21,078
DONALD IANNAZZI	Chairman	5.00	Director	$0	$0	$0
VICKI VIRGILIO	Trustee	5.00	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
2025	$909,570	$876,831	$4,862,442	$32,739
2024	$859,950	$849,012	$4,778,907	$10,938
2023	$855,127	$820,534	$4,506,581	$34,593
2022	$805,565	$832,538	$4,344,055	$-26,973
2021	$851,691	$825,244	$4,714,518	$26,447
2020	$771,690	$803,925	$4,691,698	$-32,235
2019	$729,458	$783,945	$4,713,504	$-54,487
2018	$750,777	$791,538	$4,603,607	$-40,761
2017	$906,764	$797,850	$4,577,620	$108,914

RHODE ISLAND PUBLIC SERVICE EMPLOYEES LEGAL SERVICES FUND