RHODE ISLAND CONSTRUCTION TRAINING ACADEMY (EIN 050467283) - 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

MARC BIALEK

Phone

4013053510

Tax Period

2023-07-01 to 2024-06-30

RHODE ISLAND CONSTRUCTION TRAINING ACADEMY, founded in 1992, is a small nonprofit in the Education sector that reported $398K in total revenue in fiscal year 2023.

Mission

THE SCHOOLS MISSION IS TO PROVIDE EDUCATION AND TRAINING IN THE CONSTRUCTION TRADES.

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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 $4,410

Program Service Revenue $388,841

Investment Income $3,310

Other Revenue $945

TOTAL REVENUE $397,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,158

Fundraising Expenses $0

Program Expenses $361,240

Other Expenses $191,606

TOTAL EXPENSES $427,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,506	$386,152	+0.0%
Expenses	$427,764	$436,876	0.0%
Net Income	$-30,258	$-50,724	-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

$201,816

Total Directors

$3,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC BIALEK	PRESIDENT	1.00	Officer	$0	$8,833	$115,278
KRISTEN BRESCIA	EDUCATION DIRECTOR	40.00	Officer	$84,442	$2,096	$86,538
MICHAEL MURZYCKI	DIRECTOR	1.00	Director	$3,420	$0	$3,420
STEVEN J BENFEITO	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
DEBBI LOTOCKI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA FRAM	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIO GRILLO	DIRECTOR	1.00	Director	$0	$0	$0
ADAM HITCHEN	DIRECTOR	1.00	Director	$0	$0	$0
CATHY ANDRADE	CHAIR	1.00	Officer Director	$0	$0	$0
LYNN KENT	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
MICHAEL J RAFTERY	TREASURER	1.00	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	No data	No data	No data	No data
2024	$397,506	$427,764	$610,319	$-30,258
2023	$386,152	$436,876	$642,271	$-50,724
2022	$425,555	$428,541	$666,394	$-2,986
2021	$386,889	$396,428	$687,256	$-9,539
2020	$438,460	$379,945	$695,095	$58,515
2019	$367,662	$326,846	$549,043	$40,816
2018	$373,321	$303,245	$493,966	$70,076

RHODE ISLAND CONSTRUCTION TRAINING ACADEMY