PAWTUCKET FOUNDATION (EIN 050511879) - 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

2000

Legal Domicile

Principal Officer

BRIAN AZAR

Phone

4017254400

Tax Period

2024-07-01 to 2025-06-30

PAWTUCKET FOUNDATION, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $192K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDATION WAS CREATED FOR THE SPECIFIC PURPOSE OF IMPROVING THE LIVES OF THE RESIDENTS OF PAWTUCKET, RI. MANY PROGRAMS AND PROJECTS WILL ALSO BY EXTENSION BENEFITING RESIDENTS OF THE NEIGHBORING CITY OF CENTRAL FALLS, RI. THE FOUNDATION WILL CREATE, DEVELOP AND IMPLEMENT PROGRAMS AND RESOURCES DESIGNED TO MOBILIZE THE PRIVATE SECTOR IN ECONOMIC DEVELOPMENT.

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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 $1,234

Program Service Revenue $94,069

Investment Income $32

Other Revenue $96,781

TOTAL REVENUE $192,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,360

Fundraising Expenses $36,390

Program Expenses $132,545

Other Expenses $78,965

TOTAL EXPENSES $204,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,116	$245,183	-0.2%
Expenses	$204,325	$238,175	-0.1%
Net Income	$-12,209	$7,008	-2.7%

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

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

$108,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAETAN KASHALA	EXECUTIVE DI	40.00	Officer	$108,000	$0	$108,000
HASAN ALI	BOARD MEMBER	N/A	Director	$0	$0	$0
BRIAN AZAR	TREASURER	N/A	Officer Director	$0	$0	$0
ALISON BOLOGNA	BOARD MEMBER	N/A	Director	$0	$0	$0
ETHAN COLAIACE	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERT COLUCCI	BOARD MEMBER	N/A	Director	$0	$0	$0
SUZANNE C COURTEMANCHE	SECRETARY	N/A	Officer Director	$0	$0	$0
JERREMY DUFFY	CO-CHARIMAN	N/A	Officer Director	$0	$0	$0
MONICA HORAN	BOARD MEMBER	N/A	Director	$0	$0	$0
DANIEL J SULLIVAN JR	CO-CHAIRMAN	N/A	Officer Director	$0	$0	$0
JAMES R HOYT JR	BOARD MEMBER	N/A	Director	$0	$0	$0
BRIAN KORTZ	BOARD MEMBER	N/A	Director	$0	$0	$0
EDWARD MASSOUD	BOARD MEMBER	N/A	Director	$0	$0	$0
OSCAR MEJIAS	BOARD MEMBER	N/A	Director	$0	$0	$0
ROSS NELSON	BOARD MEMBER	N/A	Director	$0	$0	$0
ERICA SCHECTNER	BOARD MEMBER	N/A	Director	$0	$0	$0
LORI SPANGLER	BOARD MEMBER	N/A	Director	$0	$0	$0
KEVIN P TRACY	BOARD MEMBER	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
2025	$192,116	$204,325	$301,536	$-12,209
2024	$245,183	$238,175	$306,694	$7,008
2023	$517,771	$535,051	$290,925	$-17,280
2022	$434,933	$451,620	$380,532	$-16,687
2021	$600,704	$380,421	$430,695	$220,283
2020	$149,639	$232,535	$244,336	$-82,896
2019	$276,201	$278,526	$285,783	$-2,325
2018	$303,558	$265,741	$251,571	$37,817

PAWTUCKET FOUNDATION