Northern Rhode Island Collaborative

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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

1987

Legal Domicile

Principal Officer

JAMES DUTRA

Phone

4014952000

Tax Period

2023-07-01 to 2024-06-30

Northern Rhode Island Collaborative, founded in 1987, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 2543% operating deficit.

Mission

The purpose of the NRIC is to jointly conduct educational programs and services for students as def. by chapter 16-3.1 of the RI General Law

Program Service Accomplishments

Program 1

Expenses: $1,883,008

No services were performed in this year, expenses relate to liquidation costs

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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 $0

Program Service Revenue $0

Investment Income $85,670

Other Revenue $8,726

TOTAL REVENUE $94,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,060,546

Fundraising Expenses $0

Program Expenses $1,883,008

Other Expenses $434,671

TOTAL EXPENSES $2,495,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,396	$6,136,860	-1.0%
Expenses	$2,495,217	$6,638,850	-0.6%
Net Income	$-2,400,821	$-501,990	+3.8%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DUTRA	Liquidation Manager	N/A	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	$94,396	$2,495,217	No data	$-2,400,821
2018	$6,828,786	$7,579,223	$2,021,767	$-750,437