RHODE ISLAND COMMUNITY FOOD BANK ASSOCIATION (EIN 050395601) - 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

1981

Legal Domicile

Principal Officer

MELISSA CHERNEY

Phone

4019426325

Tax Period

2024-07-01 to 2025-06-30

RHODE ISLAND COMMUNITY FOOD BANK ASSOCIATION, founded in 1981, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $33.6M in total revenue in fiscal year 2024.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR ALL RHODE ISLANDERS BY ADVANCING SOLUTIONS TO THE PROBLEM OF HUNGER.

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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 $32,504,650

Program Service Revenue $182,462

Investment Income $626,457

Other Revenue $241,433

TOTAL REVENUE $33,555,002

Expense Breakdown

Grants Paid $422,919

Salaries & Benefits $6,403,967

Fundraising Expenses $2,195,454

Program Expenses $30,370,298

Other Expenses $27,667,176

TOTAL EXPENSES $34,530,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,555,002	$32,759,308	+0.0%
Expenses	$34,530,062	$32,940,671	+0.0%
Net Income	$-975,060	$-181,363	+4.4%

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

1537

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

$464,435

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JYOTHI SUBRAMANIAM	PRESDIENT	2.50	Officer Director	$0	$0	$0
RILWAN FEYISITAN JR	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
MARY BROOKS WALL	TREASURER (AS OF 10/24)	2.50	Officer Director	$0	$0	$0
MICHAEL DISANDRO	TREASURER (TO 10/24) BOARD MEMBER (AS OF 10/24)	2.50	Director	$0	$0	$0
DEBBIE THURSTON	SECRETARY (TO 10/24) BOARD MEMBER (AS OF 10/24	2.50	Director	$0	$0	$0
DAVID MACCHIONI	SECRETARY (AS OF 10/24)	2.50	Officer Director	$0	$0	$0
NAZEEM AZZI	BOARD MEMBER (AS OF 10/24)	2.50	Director	$0	$0	$0
MAUREEN BARISHIAN	BOARD MEMBER (TO 10/24)	2.50	Director	$0	$0	$0
ALINE BINYUNGU	BOARD MEMBER	2.50	Director	$0	$0	$0
DARRELL BROWN	BOARD MEMBER	2.50	Director	$0	$0	$0
CINDY BUTLER	BOARD MEMBER	2.50	Director	$0	$0	$0
MARY EASTMAN	BOARD MEMBER (TO 10/24)	2.50	Director	$0	$0	$0
KIMBERLY FERNANDEZ	BOARD MEMBER	2.50	Director	$0	$0	$0
JAMES GALLOWAY	BOARD MEMBER (AS OF 10/24)	2.50	Director	$0	$0	$0
ANGELO GARCIA	BOARD MEMBER	2.50	Director	$0	$0	$0
BRIAN GROSS	BOARD MEMBER	2.50	Director	$0	$0	$0
YVETTE KENNER	BOARD MEMBER	2.50	Director	$0	$0	$0
DENNIS LEAMY	BOARD MEMBER (AS OF 10/24)	2.50	Director	$0	$0	$0
PETER MARINO	BOARD MEMBER (TO 10/24)	2.50	Director	$0	$0	$0
KATHY O'DONNELL	BOARD MEMBER	2.50	Director	$0	$0	$0
MATHIES J SANTOS	BOARD MEMBER	2.50	Director	$0	$0	$0
PAUL SILVER	BOARD MEMBER	2.50	Director	$0	$0	$0
ALISON TOVAR PHD MPH	BOARD MEMBER	2.50	Director	$0	$0	$0
GENIE MCPHERSON TREVOR	BOARD MEMBER	2.50	Director	$0	$0	$0
DAVID VELIZ	BOARD MEMBER	2.50	Director	$0	$0	$0
LISA WESNER	BOARD MEMBER	2.50	Director	$0	$0	$0
MARTHA WARFORD	BOARD MEMBER	2.50	Director	$0	$0	$0
ANDREW SCHIFF	CEO (TO 5/25)	40.00	Officer	$258,524	$32,041	$290,565
CHRISTINE A CANNATA	CFO	40.00	Officer	$165,187	$8,683	$173,870
MELISSA CHERNEY	CEO (AS OF 6/25)	40.00	Officer	$0	$0	$0
LISA ROTH BLACKMAN	CHIEF PHILANTHROPY OFFICER	40.00	Highest	$151,402	$42,816	$194,218
KATHERINE FALCONE	DIRECTOR OF FINANCE	40.00	Highest	$110,593	$6,751	$117,344
TAMMIE WORTHINGTON-TIWCZAK	DIRECTOR OF INDIVIDUAL PHILANTHROPHY	40.00	Highest	$108,274	$4,622	$112,896
VINCENT TARDUCCI	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$106,206	$3,347	$109,553
JENNIFER K TOMASSINI	CHIEF OPERATING OFFICER	40.00	Highest	$160,265	$22,409	$182,674

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	$33,555,002	$34,530,062	$23,343,796	$-975,060
2024	$32,759,308	$32,940,671	$23,556,184	$-181,363
2023	$27,554,209	$31,040,172	$23,206,171	$-3,485,963
2022	$26,504,097	$27,073,046	$24,835,902	$-568,949
2021	$33,664,062	$26,692,797	$27,610,790	$6,971,265
2020	$28,564,249	$23,226,766	$19,949,106	$5,337,483
2019	$20,857,313	$20,021,728	$14,683,964	$835,585

RHODE ISLAND COMMUNITY FOOD BANK ASSOCIATION