RHODE ISLAND PUBLIC WORKS ASSOCIATION INC (EIN 050459921) - 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

1985

Legal Domicile

Principal Officer

GARY TEDESCHI

Phone

4013044015

Tax Period

2024-01-01 to 2024-12-31

RHODE ISLAND PUBLIC WORKS ASSOCIATION INC, founded in 1985, is a micro nonprofit that reported $84K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE LOCAL TECHNICAL ASSISTANCE PROGRAM OUTREACH SERVICES TO STATE, LOCAL, AND NATIONAL AGENCIES

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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 $20,116

Program Service Revenue $0

Investment Income $60

Other Revenue $63,562

TOTAL REVENUE $83,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $87,670

TOTAL EXPENSES $87,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,738	$92,516	-0.1%
Expenses	$87,670	$85,647	+0.0%
Net Income	$-3,932	$6,869	-1.6%

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

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

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY TEDESCHI	EXECUTIVE DI	10.00	Director	$15,000	$0	$15,000
BOYD B KING	EXECUTIVE BO	1.00	Director	$0	$0	$0
TIMOTHY LEDOGAR	VENDOR BOARD	1.00	Director	$0	$0	$0
STEVE MATTSCHECK	PAST BOARD M	1.00	Director	$0	$0	$0
MICHAEL DICICCO	CO-VICE PRES	2.00	Officer	$0	$0	$0
STEPHEN DAIGNAULT JR	PRESIDENT	2.00	Officer	$0	$0	$0
KEVIN MCGEE	TREASURER	2.00	Officer	$0	$0	$0
BRIAN WHEELER	CO-VICE PRES	2.00	Officer	$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	$83,738	$87,670	$144,705	$-3,932
2023	$92,516	$85,647	$148,637	$6,869
2022	$126,669	$66,984	$141,768	$59,685
2021	$19,171	$57,567	$82,083	$-38,396
2020	$76,097	$70,923	$120,479	$5,174
2019	$208,012	$194,534	$115,305	$13,478
2018	$80,905	$91,398	$101,827	$-10,493

RHODE ISLAND PUBLIC WORKS ASSOCIATION INC