PROVIDENCE REVOLVING FUND (EIN 050386411) - 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

1980

Legal Domicile

Principal Officer

CARRIE ZASLOW

Phone

4012722760

Tax Period

2024-03-01 to 2025-02-28

PROVIDENCE REVOLVING FUND, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 65% operating margin.

Mission

TO PRESERVE THE ARCHITECTURAL HERITAGE OF PROVIDENCE AND STIMULATE COMMUNITY REVITALIZATION.

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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 $3,773,320

Program Service Revenue $957,417

Investment Income $55,660

Other Revenue $49,156

TOTAL REVENUE $4,835,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $893,123

Fundraising Expenses $0

Program Expenses $1,553,764

Other Expenses $802,576

TOTAL EXPENSES $1,695,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,835,553	$3,179,393	+0.5%
Expenses	$1,695,699	$1,133,486	+0.5%
Net Income	$3,139,854	$2,045,907	+0.5%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY VALES	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOREEN CONLON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRET JEDELE	SECRETARY	1.00	Officer Director	$0	$0	$0
DORIS DE LOS SANTOS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSA PASTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
DWAYNE KEYS	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE MACDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
MIGUEL QUEZADA	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE BENNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA REGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROCHELLE LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISA ANGELL BROWN	BOARD MEMBER	1.00	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	$4,835,553	$1,695,699	$22,149,359	$3,139,854
2024	$3,179,393	$1,133,486	$16,723,902	$2,045,907
2023	$938,619	$1,061,388	$11,687,520	$-122,769
2022	$2,371,893	$683,887	$8,630,612	$1,688,006
2021	$729,218	$725,015	$6,552,989	$4,203
2019	$794,113	$646,387	$5,709,437	$147,726
2018	$926,838	$787,566	$13,233,265	$139,272

PROVIDENCE REVOLVING FUND