RHODE ISLAND PARTNERSHIP FOR HOME CARE INC (EIN 050457365) - 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

1990

Legal Domicile

Principal Officer

NICHOLAS OLIVER

Phone

4013511010

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND PARTNERSHIP FOR HOME CARE INC, founded in 1990, is a small nonprofit that reported $203K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $240K exceeded revenue, resulting in a 18% operating deficit.

Mission

ADVANCING QUALITY HEALTHCARE AT HOME.

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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 $186,772

Investment Income $872

Other Revenue $15,019

TOTAL REVENUE $202,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,831

Fundraising Expenses $0

Other Expenses $91,935

TOTAL EXPENSES $239,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,663	$227,671	-0.1%
Expenses	$239,766	$192,558	+0.2%
Net Income	$-37,103	$35,113	-2.1%

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
CHERYL LEVESQUE	PRESIDENT	2.00	Officer	$0	$0	$0
BETHANY SKINNER	VICE PRESIDE	2.00	Officer	$0	$0	$0
KELECHI AGWUNOBI	SECRETARY-TR	2.00	Officer	$0	$0	$0
MICHAEL BIGNEY	IMMEDIATE PA	2.00	Officer	$0	$0	$0
MARY BARRY	DIRECTOR	2.00	Director	$0	$0	$0
NAOMI COTRONE	DIRECTOR	2.00	Director	$0	$0	$0
EVELYN PINTO DE DURAN	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA DRISCOLL	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN MOREN	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$202,663	$239,766	$117,346	$-37,103
2022	$227,671	$192,558	$136,071	$35,113
2021	$204,017	$179,389	$121,304	$24,628

RHODE ISLAND PARTNERSHIP FOR HOME CARE INC