HOUSING NETWORK OF RHODE ISLAND (EIN 050465216) - 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

1992

Legal Domicile

Principal Officer

MELINA LODGE

Phone

4017215680

Tax Period

2023-07-01 to 2024-06-30

HOUSING NETWORK OF RHODE ISLAND, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $709K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $623K left a modest 12% surplus.

Mission

TO RAISE THE ECONOMIC, EDUCATIONAL AND SOCIAL LEVELS OF THE RESIDENTS OF RI

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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 $692,098

Program Service Revenue $0

Investment Income $66

Other Revenue $16,617

TOTAL REVENUE $708,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,257

Fundraising Expenses $64,206

Program Expenses $505,336

Other Expenses $190,848

TOTAL EXPENSES $623,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$708,781	$876,660	-0.2%
Expenses	$623,105	$724,479	-0.1%
Net Income	$85,676	$152,181	-0.4%

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

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

$146,636

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH GARLICK JR	PRESIDENT	2.00	Officer Director	$0	$0	$0
COLIN PENNEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SHARON MORRIS	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER HAWKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLOTTE THOMAS-DAVISON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN BELDEN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA JAWORSKI	DIRECTOR	1.00	Director	$0	$0	$0
MELINA LODGE	EXECUTIVE DIRECTOR	40.00	Officer	$122,601	$24,035	$146,636

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	No data	No data	No data	No data
2024	$708,781	$623,105	$732,631	$85,676
2023	$876,660	$724,479	$680,655	$152,181
2022	$1,193,333	$998,705	$548,594	$194,628
2021	$798,741	$755,325	$340,391	$43,416
2020	$592,889	$508,980	$291,563	$83,909
2019	$339,827	$347,074	$157,853	$-7,247
2018	$383,822	$390,281	$169,563	$-6,459

HOUSING NETWORK OF RHODE ISLAND