RHODE ISLAND BOY SCOUTS (EIN 056001678) - 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

1911

Legal Domicile

Principal Officer

TIMOTHY C MCCANDLESS

Phone

4013518700

Tax Period

2024-01-01 to 2024-12-31

RHODE ISLAND BOY SCOUTS, founded in 1911, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 58% operating margin.

Mission

TO SUPPORT SCOUTING PROGRAMS FOR YOUTH WITHIN THE TERRITORY SERVED BY THE NARRAGANSETT COUNCIL, BOY SCOUTS OF AMERICA. THROUGH THIS SUPPORT, RIBS SEEKS TO BUILD CHARACTER, CITIZENSHIP, LEADERSHIP AND LIFE SKILLS IN YOUTH.

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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 $300,084

Program Service Revenue $0

Investment Income $2,251,520

Other Revenue $80,000

TOTAL REVENUE $2,631,604

Expense Breakdown

Grants Paid $808,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $808,750

Other Expenses $302,207

TOTAL EXPENSES $1,110,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,631,604	$1,131,172	+1.3%
Expenses	$1,110,957	$1,304,293	-0.1%
Net Income	$1,520,647	$-173,121	-9.8%

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
ANDREW M ERICKSON	MEMBER, FORMER PRESIDENT	0.50	Director	$0	$0	$0
DANA H GAEBE	RIBS, LEGAL COUNSEL	0.50	Director	$0	$0	$0
TIM MCCANDLESS	SECRETARY	5.00	Officer Director	$0	$0	$0
ERIC A JAIKES	LEGAL COUNSEL, MA	0.50	Director	$0	$0	$0
HERBERT W CUMMINGS	MEMBER	0.50	Director	$0	$0	$0
JOSEPH P GENCARELLA	ASST TREASURER/MEMBER	0.50	Officer Director	$0	$0	$0
JULES A COHEN	MEMBER	0.50	Director	$0	$0	$0
JONATHAN K FARNUM	MEMBER	0.50	Director	$0	$0	$0
ROBERT J SIRHAL	MEMBER	0.50	Director	$0	$0	$0
PAUL J CHOQUETTE JR	MEMBER	0.50	Director	$0	$0	$0
ROBERT A DIMUCCIO	VICE PRESIDENT/MEMBER	0.50	Officer Director	$0	$0	$0
ROBERT H PEASE JR	PRESIDENT/MEMBER	0.50	Officer Director	$0	$0	$0
RICHARD F PARTRIDGE	MEMBER	0.50	Director	$0	$0	$0
GEORGE W SHUSTER	MEMBER	0.50	Director	$0	$0	$0
ANDREW C HEWITT	TREASURER/MEMBER	0.50	Officer Director	$0	$0	$0
EDWARD T BRODERICK	MEMBER	0.50	Director	$0	$0	$0
GARY E FURTADO	COUNCIL PRESIDENT	0.50	Director	$0	$0	$0
ARTHUR R LANGLAIS	MEMBER	0.50	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
2024	$2,631,604	$1,110,957	$15,932,466	$1,520,647
2023	$1,131,172	$1,304,293	$13,700,616	$-173,121
2022	$196,503	$1,088,182	$16,111,464	$-891,679
2021	$1,902,121	$345,176	$16,069,639	$1,556,945
2020	$930,882	$755,118	$14,059,057	$175,764
2019	$1,590,081	$787,825	$12,862,091	$802,256
2018	$971,621	$721,911	$10,546,086	$249,710

RHODE ISLAND BOY SCOUTS