PLAZA ESPERANZA INC

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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

1998

Legal Domicile

Principal Officer

FRANK SHEA

Phone

4019412900

Tax Period

2023-07-01 to 2024-06-30

PLAZA ESPERANZA INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $417K in total revenue in fiscal year 2023. Expenses of $635K exceeded revenue, resulting in a 52% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING IN WEST WARWICK, RHODE ISLAND FOR SENIOR CITIZENS AND THE DISABLED UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1

Expenses: $531,472 Revenue: $250,368

PROVIDE AFFORDABLE HOUSING IN WEST WARWICK, RHODE ISLAND FOR SENIOR CITIZENS AND THE DISABLED UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. OWN AND OPERATE A 56 UNIT APARTMENT COMPLEX IN...

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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 $165,059

Program Service Revenue $250,368

Investment Income $1,760

Other Revenue $0

TOTAL REVENUE $417,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,439

Fundraising Expenses $0

Program Expenses $531,472

Other Expenses $491,393

TOTAL EXPENSES $634,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,187	$429,257	0.0%
Expenses	$634,832	$592,527	+0.1%
Net Income	$-217,645	$-163,270	+0.3%

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
FRANK SHEA	PRESIDENT	1.00	Officer	$0	$0	$0
VICKIE WALTERS	VICE PRESIDENT	0.50	Officer	$0	$0	$0
MICHELLE BROPHY	SECRETARY	0.50	Officer	$0	$0	$0
LARRY KELLAM	TREASURER	0.50	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
2025	No data	No data	No data	No data
2024	$417,187	$634,832	$2,311,541	$-217,645
2023	$429,257	$592,527	$2,454,457	$-163,270
2022	$441,254	$597,164	$2,563,067	$-155,910
2021	$430,830	$559,942	$2,672,085	$-129,112
2020	$436,415	$538,311	$2,808,299	$-101,896
2019	$442,643	$568,218	$2,903,780	$-125,575