GROUNDWORK RHODE ISLAND (EIN 050397766) - 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

1983

Legal Domicile

Principal Officer

AMELIA ROSE

Phone

4013057174

Tax Period

2024-07-01 to 2025-06-30

GROUNDWORK RHODE ISLAND, founded in 1983, is a community nonprofit in the Environment sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 8% surplus.

Mission

GROUNDWORK RHODE ISLAND (GWRI) IS A COMMUNITY-BASED ORGANIZATION HELPING BUILD HEALTHIER, MORE RESILIENT, AND MORE EQUITABLE URBAN COMMUNITIES IN RHODE ISLAND BY IMPROVING THE PHYSICAL ENVIRONMENT AND CREATING ECONOMIC OPPORTUNITIES FOR LOCAL RESIDENTS THROUGH JOB TRAINING, EMPLOYMENT, AND SOCIAL VENTURE PROGRAMS.

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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 $2,216,709

Program Service Revenue $253,823

Investment Income $0

Other Revenue $22,826

TOTAL REVENUE $2,493,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,040,846

Fundraising Expenses $14,917

Program Expenses $2,136,821

Other Expenses $1,263,274

TOTAL EXPENSES $2,304,120

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,493,358	$1,319,374	+0.9%
Expenses	$2,304,120	$1,582,809	+0.5%
Net Income	$189,238	$-263,435	-1.7%

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

200

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

$58,638

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS D'OVIDIO	TREASURER	2.00	Officer Director	$0	$0	$0
SYDNEY HEALY	SECRETARY	3.00	Officer Director	$0	$0	$0
CARTER VINCENT	BOARD MEMBER	2.00	Director	$0	$0	$0
GILES MACDONALD	BOARD MEMBER	3.00	Director	$0	$0	$0
RICHARD SNYDER	BOARD MEMBER	2.00	Director	$0	$0	$0
KATIE MURPHY	BOARD MEMBER	2.00	Director	$0	$0	$0
BYRON ALEX	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHARLES GARIEPY	BOARD MEMBER	2.00	Director	$0	$0	$0
AMELIA ROSE	EXECUTIVE DIRECTOR	40.00	Officer	$56,900	$1,738	$58,638

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	$2,493,358	$2,304,120	$711,833	$189,238
2024	No data	No data	No data	No data
2023	$1,262,657	$1,197,859	$580,248	$64,798
2022	$1,229,363	$805,674	$511,724	$423,689
2021	$555,184	$543,147	$146,013	$12,037
2020	$443,490	$458,217	$116,866	$-14,727
2019	$448,458	$470,277	$122,608	$-21,819
2018	$293,290	$393,528	$121,243	$-100,238

GROUNDWORK RHODE ISLAND