RHODE ISLAND RESCUE MINISTRIES

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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

1995

Legal Domicile

Principal Officer

SEAN CAREW

Phone

4014514283

Tax Period

2024-07-01 to 2025-06-30

RHODE ISLAND RESCUE MINISTRIES, founded in 1995, is a mid-sized nonprofit in the Human Services sector that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

CHRISTIAN MISSION TO THE POOR PROVIDING FOOD, SHELTER CLOTHING AND COUNSELING TO THE HOMELESS

Program Service Accomplishments

Program 1

Expenses: $11,944,190 Revenue: $12,454,394

TO PROVIDE MEALS AND NEEDED SUPPLIES TO HOMELESS AND IMPOVERISHED INDIVIDUALS. ALSO TO PROVIDE SELF HELP SERVICES AND MISSIONARY OPPORTUNITIES TO LOCAL YOUTHS AND FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,458,593

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,458,593

Expense Breakdown

Grants Paid $11,206,159

Salaries & Benefits $673,312

Fundraising Expenses $255,429

Program Expenses $11,944,190

Other Expenses $596,523

TOTAL EXPENSES $12,475,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,458,593	$9,030,563	+0.4%
Expenses	$12,475,994	$9,072,316	+0.4%
Net Income	$-17,401	$-41,753	-0.6%

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

2500

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

$82,558

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN CAREW	EXEC DIRECTOR	40.00	Officer Highest	$82,558	$0	$82,558
JAMES BUFFI	BOARD TREAS & SEC	2.00	Director	$0	$0	$0
ROBERT KALANDER	BOARD PRES	2.00	Director	$0	$0	$0
JOSEPH HATFIELD	VICE PRESIDENT	2.00	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	$12,458,593	$12,475,994	$864,628	$-17,401
2024	$9,030,563	$9,072,316	$892,389	$-41,753
2023	$6,464,746	$6,288,539	$914,283	$176,207
2022	$4,494,936	$4,510,169	$741,664	$-15,233
2021	$5,486,926	$5,234,318	$791,182	$252,608
2020	$5,022,660	$4,931,759	$871,048	$90,901
2019	$2,848,643	$2,925,233	$736,324	$-76,590