OCEAN STATE CENTER FOR INDEPENDENT LIVING (EIN 050439495) - 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

1988

Principal Officer

MIREILLE SAYAF

Phone

4017381013

Tax Period

2024-10-01 to 2025-09-30

OCEAN STATE CENTER FOR INDEPENDENT LIVING, founded in 1988, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 4% surplus.

Mission

INDEPENDENT LIVING SKILLS

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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 $2,781,577

Program Service Revenue $0

Investment Income $58,683

Other Revenue $0

TOTAL REVENUE $2,840,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,506,643

Fundraising Expenses $0

Program Expenses $2,322,830

Other Expenses $1,225,065

TOTAL EXPENSES $2,731,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,840,260	$2,698,662	+0.1%
Expenses	$2,731,708	$2,642,275	+0.0%
Net Income	$108,552	$56,387	+0.9%

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

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
JASON FLANDERS	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL MATRACIA	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTIA BATTISTA	DIRECTOR	N/A	Director	$0	$0	$0
LINDA KATZ	DIRECTOR	N/A	Director	$0	$0	$0
JOSE-LUIS SUAZO	DIRECTOR	N/A	Director	$0	$0	$0
EARNEST OKWARA	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW IDE	DIRECTOR	N/A	Director	$0	$0	$0
KAREN SANTILLI	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHRISTOPHER BOVE	SECRETARY	N/A	Officer Director	$0	$0	$0
WILLIAM FACENTE	TREASURER	N/A	Officer 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	$2,840,260	$2,731,708	$723,794	$108,552
2024	$2,698,662	$2,642,275	$775,683	$56,387
2023	$2,540,364	$2,499,915	$747,790	$40,449
2022	$2,576,448	$2,528,887	$656,046	$47,561
2021	$2,432,820	$2,420,457	$534,473	$12,363
2020	$2,112,070	$2,199,985	$461,993	$-87,915
2019	$2,089,025	$2,046,721	$523,152	$42,304
2018	$1,797,388	$1,747,385	$523,740	$50,003

OCEAN STATE CENTER FOR INDEPENDENT LIVING