UNIVERSITY OF RHODE ISLAND FOUNDATION & ALUMNI ENGAGEMENT (EIN 056014351) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

ADAM QUINLAN

Phone

4018747900

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY OF RHODE ISLAND FOUNDATION & ALUMNI ENGAGEMENT, founded in 1957, is a mid-sized nonprofit in the Education sector that reported $39.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.3M, a strong 16% operating margin.

Mission

TO INSPIRE AND STEWARD PHILANTHROPIC SUPPORT BENEFITING URI AND TO INFORM AND ENGAGE ALUMNI AS COMMITTED PARTNERS OF THE UNIVERSITY, ITS MISSION, AND TRADITIONS. IN ALL ITS ACTIVITIES, URIFAE STRIVES FOR CORE VALUES OF TRANSPARENCY, INTEGRITY, COLLABORATION, ACCOUNTABILITY, AND RESPECT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,396,933

Program Service Revenue $7,085,813

Investment Income $6,598,720

Other Revenue $67,260

TOTAL REVENUE $39,148,726

Expense Breakdown

Grants Paid $17,758,493

Salaries & Benefits $9,589,037

Fundraising Expenses $8,045,756

Program Expenses $17,758,493

Other Expenses $5,498,608

TOTAL EXPENSES $32,846,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,148,726	$33,495,561	+0.2%
Expenses	$32,846,138	$39,975,213	-0.2%
Net Income	$6,302,588	$-6,479,652	-2.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

213

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

$919,463

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED J VERRECCHIA	CHAIRMAN (TO 6/24) /BOARD MEMBER	8.00	Officer Director	$0	$0	$0
ALLISON LADD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA TARBOX	BOARD MEMBER	2.00	Director	$0	$0	$0
BARRY M GERTZ	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
CHRISTOPHER J WOLFE	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
COLLEEN GOUVEIA MOULTON	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL G LOWNEY	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID J MARTIRANO	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
DEA T BELAZI	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBORAH A IMONDI	BOARD MEMBER/INVEST. COMM	2.00	Director	$0	$0	$0
DIANE CHACE FANNON	BOARD MEMBER/MARKETING & COMMUNICATIONS CHAIR	2.00	Director	$0	$0	$0
DIANE SULLIVAN	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
EDWARD B DEUTSCH	BOARD MEMBER	2.00	Director	$0	$0	$0
ESTHER EMARD	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
HAROLD HORVAT	BOARD MEMBER	2.00	Director	$0	$0	$0
JAY HART	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSE BAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN J BROUGH JR	BOARD MEMBER/AUDIT COMMITTEE	2.00	Director	$0	$0	$0
JOHN PRIORE	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNETH HYLANDER	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN M LOPES	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA A AHART	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
LOUIS R GIANCOLA	BOARD MEMBER	2.00	Director	$0	$0	$0
LOUISE M MOWINCKEL	BOARD MEMBER/SECRETARY	2.00	Director	$0	$0	$0
MARC B PARLANGE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCIA A COSTELLO	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIANNE GATTINELLA	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIBETH Q WILLIAMSON	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
MICHAEL ANDREOZZI	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL F BRANDMEIER	BOARD MEMBER (TO 06/24)	2.00	Director	$0	$0	$0
MICHAEL ICE	BOARD MEMBER	2.00	Director	$0	$0	$0
MOLLY D MAGEE	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
NICOLE NOYA	BOARD MEMBER	2.00	Director	$0	$0	$0
RAYMOND M WILLIAMS	VICE CHAIR/BOARD MEMBER	4.00	Director	$0	$0	$0
RICHARD J HARRINGTON	BOARD MEMBER	2.00	Director	$0	$0	$0
RUSSELL RUEFF	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
S KENT FANNON	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDRA PARRILLO	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN R FRAZIER	BOARD MEMBER	2.00	Director	$0	$0	$0
SULINA M MOHANTY	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN FORMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS D CERIO III	TRUSTEE (TO 06/24)	1.00	Director	$0	$0	$0
TRUDY C COLEMAN	BOARD MEMBER/FINANCE COMMITTEE CHAIR	2.00	Officer Director	$0	$0	$0
WENDY FIELD	BOARD MEMBER (TO 06/24)	2.00	Director	$0	$0	$0
WILLIAM FLYN	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM QUINLAN	CFO AND VP OF ERM	40.00	Officer	$216,480	$41,673	$258,153
ELIZABETH O'ROURKE	PRESIDENT	40.00	Officer	$404,615	$51,285	$455,900
WENDY BUCCI	CHIEF OPERATIONS OFFICER	40.00	Officer	$174,408	$31,002	$205,410
G ERIC SCHONEWALD	AVP DEVELOPMENT, HEALTH	40.00	Highest	$166,683	$37,485	$204,168
JEFFREY CABRAL	VICE PRESIDENT FOR DEVELOPMENT	40.00	Highest	$231,736	$29,063	$260,799
JOAO GARCIA	SENIOR EXECUTIVE DIRECTOR	40.00	Highest	$162,190	$29,850	$192,040
KATHARINE FLYNN	EXEC. DIR. OF CORP. & FOUN	40.00	Highest	$169,392	$30,693	$200,085
SARAH LOBDELL	VP FOR DEVELOPMENT	40.00	Highest	$200,391	$40,335	$240,726

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	No data	No data	No data	No data
2024	$39,148,726	$32,846,138	$320,009,256	$6,302,588
2023	$33,495,561	$39,975,213	$291,825,531	$-6,479,652
2022	$40,864,874	$36,747,549	$283,152,721	$4,117,325
2021	$57,014,684	$27,946,103	$313,161,779	$29,068,581
2019	$36,533,337	$28,144,724	$210,451,164	$8,388,613
2018	$41,499,264	$23,173,538	$198,031,857	$18,325,726

UNIVERSITY OF RHODE ISLAND FOUNDATION & ALUMNI ENGAGEMENT