PROVIDENCE BUSINESS LOAN FUND (EIN 050483965) - 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

2003

Legal Domicile

Principal Officer

Thomas Hoagland

Tax Period

2023-07-01 to 2024-06-30

PROVIDENCE BUSINESS LOAN FUND, founded in 2003, is a small nonprofit in the Unknown sector that reported $214K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $590K exceeded revenue, resulting in a 176% operating deficit.

Mission

PBLF's primary mission is to retain and create jobs by providing assistance and referrals to businesses located in Providence, RI by making low interest loans to businesses that are unable to obtain conventional financing.

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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 $213,972

Investment Income $0

Other Revenue $0

TOTAL REVENUE $213,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,594

Fundraising Expenses $0

Program Expenses $208,554

Other Expenses $344,920

TOTAL EXPENSES $589,514

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,972	$257,951	-0.2%
Expenses	$589,514	$375,593	+0.6%
Net Income	$-375,542	$-117,642	+2.2%

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

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

$397,629

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lawrence J Mancini	Director	1	Director	$0	$0	$198,188
Courtney Hawkins	Chairman	1	Director	$0	$0	$179,628
Edwin 'Ted' Carr	Director	1	Director	$0	$0	$19,813
Doris Blanchard	Vice-Chairperson	1	Director	$0	$0	$0
David Piccerelli	Treasurer	1	Director	$0	$0	$0
Daniel Murphy	Secretary	1	Director	$0	$0	$0
Allyson Cote	Director	1	Director	$0	$0	$0
Stephen DelSesto	Director	1	Director	$0	$0	$0
Peter Quattromani	Director	1	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	$213,972	$589,514	$11,283,132	$-375,542
2023	$257,951	$375,593	$11,526,356	$-117,642
2022	$454,330	$336,007	$11,655,317	$118,323
2021	$284,014	$376,783	$11,503,717	$-92,769
2020	$172,377	$330,836	$12,023,052	$-158,459
2019	$238,647	$2,591,267	$12,056,353	$-2,352,620
2018	$294,824	$828,048	$15,769,702	$-533,224

PROVIDENCE BUSINESS LOAN FUND