RHODE ISLAND INSTITUTE FOR LABOR S… - Form 990 Financial Data

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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

GEORGE NEE

Phone

4014639900

Tax Period

2023-07-01 to 2024-06-30

RHODE ISLAND INSTITUTE FOR LABOR STUDIES AND RESEARCH, founded in 1980, is a community nonprofit in the Social Science sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 13% surplus.

Mission

THE ORGANIZATION PROVIDES EDUCATION AND TRAINING THAT ENABLES WORKING PEOPLE AND THE LABOR MOVEMENT TO HAVE A STRONGER VOICE IN THE WORKPLACE AND PARTICIPATE MORE EFFECTIVELY IN THE CHANGING GLOBAL ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $1,090,790 Revenue: $131,607

PROVIDED ADULT EDUCATION OPPORTUNITIES FOR WORKING PEOPLE, INCLUDING LITERACY, JOB TRAINING, WORKING RIGHTS AND LEADERSHIP TRAINING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,428,953

Program Service Revenue $131,607

Investment Income $49

Other Revenue $282

TOTAL REVENUE $1,560,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,107,120

Fundraising Expenses $57,670

Program Expenses $1,090,790

Other Expenses $255,094

TOTAL EXPENSES $1,362,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,560,891	$1,376,085	+0.1%
Expenses	$1,362,214	$1,341,038	+0.0%
Net Income	$198,677	$35,047	+4.7%

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

$158,037

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT J DELANEY	EX. DIRECTOR	40.00	Officer	$138,693	$19,344	$158,037
GEORGE NEE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PAUL A MACDONALD	VICE CHAIR.	1.00	Officer Director	$0	$0	$0
PATRICK CROWLEY	SEC.TREAS.	1.00	Officer Director	$0	$0	$0
PAUL ALVAREZ	TRUSTEE	1.00	Director	$0	$0	$0
MARY BARDEN	TRUSTEE	1.00	Director	$0	$0	$0
LYNN BLAIS	TRUSTEE	1.00	Director	$0	$0	$0
MARIO BUENO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER BUFFERY	TRUSTEE	1.00	Director	$0	$0	$0
RONALD R COIA ESQ	TRUSTEE	1.00	Director	$0	$0	$0
FRANK FLYNN	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW GUNNIP	TRUSTEE	1.00	Director	$0	$0	$0
CHIEF JUDGE GEORGE E HEALY JR	TRUSTEE	1.00	Director	$0	$0	$0
NANCY IADELUCA	TRUSTEE	1.00	Director	$0	$0	$0
JESSE MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
TIM MELIA	TRUSTEE	1.00	Director	$0	$0	$0
JUDGE STEVEN MINICUCCI	TRUSTEE	1.00	Director	$0	$0	$0
D SCOTT MOLLY PHD	TRUSTEE	1.00	Director	$0	$0	$0
DENISE ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL F SABITONI	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW TAIBI	TRUSTEE	1.00	Director	$0	$0	$0
LINDA MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
KATHY MCELROY	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK QUINN	TRUSTEE	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	No data	No data	No data	No data
2024	$1,560,891	$1,362,214	$728,902	$198,677
2023	$1,376,085	$1,341,038	$682,866	$35,047
2022	$1,309,315	$1,381,797	$433,282	$-72,482
2021	$1,402,045	$1,262,759	$496,904	$139,286
2020	$1,071,464	$997,043	$496,972	$74,421
2019	$957,804	$928,468	$286,177	$29,336

RHODE ISLAND INSTITUTE FOR LABOR STUDIES AND RESEARCH