BURRILLVILLE ECONOMIC DEVELOPMENT … - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

JEFFREY J BARR

Phone

4012265591

Tax Period

2023-11-01 to 2024-10-31

BURRILLVILLE ECONOMIC DEVELOPMENT PARTNERSHIP, founded in 1960, is a micro nonprofit that reported $21K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $8K, a strong 39% operating margin.

Mission

TO PROMOTE AND NURTURE THE PROMOTION OF QUALITY JOB OPPORTUNITIES AND THE EXPANSION OF THE TAX BASE IN THE TOWN OF BURRILLVILLE

Program Service Accomplishments

Program 1

Expenses: $7,114

INDUSTRIAL DEVELOPMENT IN THE TOWN OF BURRILLVILLE

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,000

Program Service Revenue $0

Investment Income $16,947

Other Revenue $0

TOTAL REVENUE $20,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,114

Other Expenses $12,774

TOTAL EXPENSES $12,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,947	$18,824	+0.1%
Expenses	$12,774	$12,151	+0.1%
Net Income	$8,173	$6,673	+0.2%

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

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
ROGER E LAPIERRE	Director	2.00	Director	$0	$0	$0
JEFFREY J BARR	President	5.00	Officer Director	$0	$0	$0
GARY ROULEAU	Vice President	5.00	Officer 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	$20,947	$12,774	$991,696	$8,173
2023	$18,824	$12,152	$990,942	$6,672
2022	$5,727	$21,424	$966,631	$-15,697
2021	$9,123	$14,760	$992,004	$-5,637
2020	$15,894	$10,552	$990,465	$5,342
2019	$26,562	$10,214	$982,264	$16,348
2018	$24,426	$16,799	$965,749	$7,627

BURRILLVILLE ECONOMIC DEVELOPMENT PARTNERSHIP