RHODE ISLAND BAR FOUNDATION

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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

1952

Legal Domicile

Principal Officer

KATHLEEN BRIDGE

Phone

4014215740

Tax Period

2024-07-01 to 2025-06-30

RHODE ISLAND BAR FOUNDATION, founded in 1952, is a community nonprofit in the Crime & Legal sector that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $1.8M, a strong 53% operating margin.

Mission

RHODE ISLAND BAR FOUNDATION'S MISSION IS TO FOSTER AND MAINTAIN THE HONOR AND INTEGRITY OF THE PROFESSION OF LAW AND TO STUDY, IMPROVE AND FACILITATE THE ADMINISTRATION OF JUSTICE IN RHODE ISLAND, AS WELL AS PROMOTE THE STUDY OF LAW, RESEARCH THEREIN AND DIFFUSION OF KNOWLEDGE AND TO PROMOTE HIGH STANDARDS OF LEGAL EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $176,410

CORE PROGRAM - MAINTAINS AND OPERATES A FACILITY THAT RENTS SPACE TO A RELATED NON-PROFIT ORGANIZATION, THE RI BAR ASSOCIATION.

Program 2

Expenses: $1,203,754

THE INTEREST ON LAWYERS TRUST ACCOUNTS - COLLECTS MONEY FROM IOLTA ACCOUNTS FROM RI ATTORNEYS. THE INCOME IS THAN DISTRIBUTED TO OTHER NON PROFIT ORGANIZATIONS THAT PROVIDE LEGAL ASSISTANCE TO THE...

THE INTEREST ON LAWYERS TRUST ACCOUNTS - COLLECTS MONEY FROM IOLTA ACCOUNTS FROM RI ATTORNEYS. THE INCOME IS THAN DISTRIBUTED TO OTHER NON PROFIT ORGANIZATIONS THAT PROVIDE LEGAL ASSISTANCE TO THE POOR OF RHODE ISLAND, PROMOTE KNOWLEDGE OF THE LAW, IMPROVEMENT OF ADMINISTRATION FOR JUSTICE.

Program 3

Expenses: $156,000

SCHOLARSHIPS

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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 $2,725,175

Program Service Revenue $0

Investment Income $671,224

Other Revenue $87,869

TOTAL REVENUE $3,484,268

Expense Breakdown

Grants Paid $1,359,754

Salaries & Benefits $96,659

Fundraising Expenses $0

Program Expenses $1,536,164

Other Expenses $189,825

TOTAL EXPENSES $1,646,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,484,268	$3,939,518	-0.1%
Expenses	$1,646,238	$1,301,558	+0.3%
Net Income	$1,838,030	$2,637,960	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARMANDO E BATASTINI	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID N BAZAR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ETIE-LEE SCHAUB	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN BOYAJIAN	TREASURER	1.00	Officer Director	$0	$0	$0
SONJA L DEYOE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MAXWELL LIVINGSTON	DIRECTOR	1.00	Director	$0	$0	$0
JASON C PRECIPHS	DIRECTOR	1.00	Director	$0	$0	$0
CRISTEN L RAUCCI	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE J BENJAMIN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN E JONES	DIRECTOR	1.00	Director	$0	$0	$0
PETER L LEWISS	DIRECTOR	1.00	Director	$0	$0	$0
HONORABLE EDWARD H NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL A ST PIERRE	PAST PRESIDENT DIRECTOR	1.00	Director	$0	$0	$0
RICHARD D'ADDARIO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT G FLANDERS JR	DIRECTOR	1.00	Director	$0	$0	$0
LISE M IWON	DIRECTOR	1.00	Director	$0	$0	$0
SALLY P MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE VERDI	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LEACH DEBLASIO	PAST PRESIDENT DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH J ROSZKOWSKI	PAST PRESIDENT DIRECTOR	1.00	Director	$0	$0	$0
JOHN A TARANTINO	PAST PRESIDENT DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL R MCELROY	PAST PRESIDENT DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA M ALMEIDA	DIRECTOR	1.00	Director	$0	$0	$0
MARK B MORSE	DIRECTOR	1.00	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	$3,484,268	$1,646,238	$12,594,772	$1,838,030
2024	$3,939,518	$1,301,558	$10,436,451	$2,637,960
2023	$2,552,390	$713,041	$7,037,778	$1,839,349
2022	$1,169,825	$746,159	$5,045,389	$423,666
2021	$975,173	$716,261	$5,128,655	$258,912
2020	$1,019,312	$683,384	$4,354,302	$335,928
2019	$747,586	$676,733	$3,954,166	$70,853
2018	$698,517	$813,000	$3,823,319	$-114,483