RHODE ISLAND CPCU SCHOLARSHIP FUND (EIN 050473536) - 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

1993

Legal Domicile

Principal Officer

BRIAN RUSATE

Phone

8006526422

Tax Period

2022-07-01 to 2023-06-30

RHODE ISLAND CPCU SCHOLARSHIP FUND, founded in 1993, is a micro nonprofit in the Education sector that reported $40K in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $47K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE SCHOLARSHIPS TO INDIVIDUALS ASSOCIATED WITH THE INSURANCE INDUSTRY IN ACCORDANCE WITH ELIGIBILITY GUIDELINES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,342

Program Service Revenue $0

Investment Income $32,860

Other Revenue $0

TOTAL REVENUE $40,202

Expense Breakdown

Grants Paid $44,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,000

Other Expenses $2,664

TOTAL EXPENSES $46,664

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,202	$61,635	-0.3%
Expenses	$46,664	$46,292	+0.0%
Net Income	$-6,462	$15,343	-1.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD LARSON	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE PELLETIER	SECRETARY	N/A	Director	$0	$0	$0
JOHN TICKNER	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN RUSATE	PRESIDENT	N/A	Officer Director	$0	$0	$0
STEFVAN DREZEK	TREASURER	N/A	Officer Director	$0	$0	$0
DAVID FALES	DIRECTOR	N/A	Officer Director	$0	$0	$0
ALLAN MCDERMOTT	DIRECTOR	N/A	Director	$0	$0	$0
TRACI ADEDEJI	DIRECTOR	N/A	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
2023	$40,202	$46,664	$1,232,975	$-6,462
2022	$61,635	$46,292	$1,151,447	$15,343
2021	$39,713	$42,488	$1,346,639	$-2,775
2020	$48,336	$36,903	$1,113,744	$11,433

RHODE ISLAND CPCU SCHOLARSHIP FUND