COMMUNITY COLLEGE OF RI FOUNDATION

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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

1979

Legal Domicile

Principal Officer

ERICA OLOBRI

Phone

4013337150

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY COLLEGE OF RI FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 36% operating margin.

Mission

TO ENCOURAGE, ADMINISTER AND MANAGE SUPPORT RECEIVED FROM PRIVATE SOURCES FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS AND OTHER PURPOSES BENEFICIAL TO THE COLLEGE OR ITS STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $763,913

998 STUDENTS RECEIVED SCHOLARSHIPS AND AWARDS TOTALING $731,926.

Program 2

Expenses: $1,583,551

INSTITUTIONAL SERVICES AND SUPPORT REPRESENTS EXPENDITURES BY THE FOUNDATION TO SUPPORT THE COLLEGE AND ITS STUDENTS.

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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 $3,871,984

Program Service Revenue $0

Investment Income $363,784

Other Revenue $-190,946

TOTAL REVENUE $4,044,822

Expense Breakdown

Grants Paid $731,926

Salaries & Benefits $0

Fundraising Expenses $66,553

Program Expenses $2,347,464

Other Expenses $1,851,662

TOTAL EXPENSES $2,583,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,044,822	$7,059,501	-0.4%
Expenses	$2,583,588	$2,563,498	+0.0%
Net Income	$1,461,234	$4,496,003	-0.7%

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

N/A

Volunteers

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
KIM M BARKER	PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMAS F GILBANE	FIRST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFFREY WRIGHT JR	SECOND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ERICA OLOBRI	TREASURER	5.00	Officer Director	$0	$0	$0
MARIELA LUCAJ	CLERK	1.00	Officer Director	$0	$0	$0
JAYMIN B PATEL	CHAIR- CAMPAIGN & DEVELOPMENT	5.00	Officer Director	$0	$0	$0
FREDERICK METTERS	CHAIR - GOVERENCE	5.00	Officer Director	$0	$0	$0
ANGELA B ANKOMA	TRUSTEE	1.00	Director	$0	$0	$0
BRYONY C BOUYER	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN CHARBONNEAU	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA E DUPRAS	TRUSTEE	1.00	Director	$0	$0	$0
CHUCK JONES	TRUSTEE	1.00	Director	$0	$0	$0
ANIKA KIMBLE-HUNTLEY	TRUSTEE	1.00	Director	$0	$0	$0
ANTONIA MCGUIRE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID T MOTA	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE MUSCATELLO	TRUSTEE	1.00	Director	$0	$0	$0
DANIELLE NORTH	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL C PALMISANO	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE T PANICHAS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS W QUINLAN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS SEEWOESTER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN P TRACEY	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER JOHNSON	EX-OFFICIO	1.00	Director	$0	$0	$0
ROSEMAY A COSTIGAN	EX-OFFICIO	1.00	Director	$0	$0	$0
RICHARD F SULLIVAN	EX OFFICIO	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	$4,044,822	$2,583,588	$16,083,284	$1,461,234
2024	$7,059,501	$2,563,498	$13,819,761	$4,496,003
2023	$2,465,523	$2,164,423	$9,312,588	$301,100
2022	$2,547,694	$2,130,860	$8,273,234	$416,834
2021	$3,277,739	$1,493,416	$8,598,744	$1,784,323
2020	$1,864,916	$1,592,302	$6,056,408	$272,614
2019	$1,396,740	$773,908	$6,019,517	$622,832
2018	$1,590,046	$1,113,808	$5,518,362	$476,238