PRESERVE RHODE ISLAND (EIN 056012417) - 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

1956

Legal Domicile

Principal Officer

SHERYL HACK

Phone

4012725101

Tax Period

2024-01-01 to 2024-12-31

PRESERVE RHODE ISLAND, founded in 1956, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROTECT HISTORIC STRUCTURES AND UNIQUE PLACES IN RI FOR CURRENT AND FUTURE GENERATIONS.

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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 $591,743

Program Service Revenue $74,042

Investment Income $380,060

Other Revenue $75,566

TOTAL REVENUE $1,121,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,416

Fundraising Expenses $206,789

Program Expenses $991,746

Other Expenses $806,989

TOTAL EXPENSES $1,413,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,121,411	$1,029,621	+0.1%
Expenses	$1,413,230	$1,140,513	+0.2%
Net Income	$-291,819	$-110,892	+1.6%

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

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

$95,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA BRUSH	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN DEKUIPER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM W KENYON	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH GODDARD	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SHERRY	TRUSTEE	1.00	Director	$0	$0	$0
THERESA GUZMAN STOKES	TRUSTEE	1.00	Director	$0	$0	$0
ROSALIND WEIR	TRUSTEE	1.00	Director	$0	$0	$0
JOHN WOOLSEY	CO CHAIRPERSON	1.00	Officer Director	$0	$0	$0
REBECCA J BERTRAND	CO CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ABIGAIL CAMPBELL-KING	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN A CARRON ESQ	TRUSTEE	1.00	Director	$0	$0	$0
JERRY W DAUTERIVE PHD	TRUSTEE	1.00	Director	$0	$0	$0
AMY OAKLEY	TRUSTEE	1.00	Director	$0	$0	$0
BRETT N PELLETIER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER G PONDER	CO CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KATHLEEN A RYAN ESQ	TRUSTEE	1.00	Director	$0	$0	$0
AMY SONDER	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY SMITH BARNETT	TREASURER	1.00	Officer Director	$0	$0	$0
ERICA LUKE	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER SUELLENTROP	TRUSTEE	1.00	Director	$0	$0	$0
JAMES MICHAEL ABBOTT	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ABBOTT	TRUSTEE	1.00	Director	$0	$0	$0
JEREMIHA E DE RHAM	TRUSTEE	1.00	Director	$0	$0	$0
RONALD ONORATO	TRUSTEE	1.00	Director	$0	$0	$0
CLARK SCHOETTLE	TRUSTEE	1.00	Director	$0	$0	$0
VALERIE TALMAGE	EX DIRECTOR (PAST)	40.00	Officer	$92,563	$2,807	$95,370
SHERYL HACK	EX DIRECTOR (CURRENT)	40.00	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
2024	$1,121,411	$1,413,230	$11,373,230	$-291,819
2023	$1,029,621	$1,140,513	$10,878,639	$-110,892
2022	$737,487	$1,326,617	$11,732,452	$-589,130
2021	$1,240,667	$1,855,706	$13,440,921	$-615,039
2020	$4,482,092	$3,601,078	$13,128,578	$881,014
2019	$-249,534	$1,060,189	$11,732,034	$-1,309,723
2018	$1,101,197	$1,035,774	$11,822,020	$65,423

PRESERVE RHODE ISLAND