The Rhode Island Association of Conservation Districts (EIN 050427057) - 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

2003

Legal Domicile

Principal Officer

Richard Went

Phone

4019340840

Tax Period

2024-01-01 to 2024-12-31

The Rhode Island Association of Conservation Districts, founded in 2003, is a community nonprofit in the Environment sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring.

Mission

To attract public and charitable monies that can be used by the three State of Rhode Island conservation districts for their work in stewardship of the state's natural resorces through education, outreach, technical assistance and to assist and support the districts in their endeavors.

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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 $2,290,899

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,290,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,295,829

Other Expenses $2,330,926

TOTAL EXPENSES $2,330,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,290,899	$5,833,535	-0.6%
Expenses	$2,330,926	$5,807,914	-0.6%
Net Income	$-40,027	$25,621	-2.6%

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
Cassius Spears Sr	President	2.00	Officer Director	$0	$0	$0
Phil Moreschi	Treasurer	2.00	Officer Director	$0	$0	$0
Richard Went	Secretary	2.00	Officer Director	$0	$0	$0
Nancy Parker-Wilson	Director	0.25	Director	$0	$0	$0
Deana Thomas	Director	0.25	Director	$0	$0	$0
Matt Tracy	Director	2.00	Director	$0	$0	$0
Marc Tremblay	Director	0.25	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
2024	$2,290,899	$2,330,926	$487,201	$-40,027
2023	$5,833,535	$5,807,914	$135,389	$25,621
2022	$657,384	$725,110	$109,768	$-67,726
2021	$1,351,277	$1,304,869	$247,295	$46,408
2020	$506,667	$458,802	$131,086	$47,865
2019	$718,032	$714,351	$83,221	$3,681
2018	$282,803	$268,200	$79,540	$14,603

The Rhode Island Association of Conservation Districts