RHODE ISLAND COLLEGE 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

1965

Legal Domicile

Principal Officer

ALAN TENREIRO

Phone

4014568407

Tax Period

2024-07-01 to 2025-06-30

RHODE ISLAND COLLEGE FOUNDATION, founded in 1965, is a community nonprofit in the Education sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 38% operating margin.

Mission

TO ENCOURAGE AND RECEIVE PRIVATE AND PUBLIC SUPPORT TO ENHANCE AND EXPAND RHODE ISLAND COLLEGE'S CONTINUED TRADITION OF EDUCATIONAL EXCELLENCE. THE FOUNDATION PROVIDES SUPPORT FOR SCHOLARSHIPS, FACULTY RESEARCH GRANTS, CAPITAL IMPROVEMENTS, LECTURERS AND OTHER PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $2,127,182

FINANCIAL SUPPORT TO RHODE ISLAND COLLEGE BY PROVIDING NEED AND MERIT-BASED SCHOLARSHIPS AND AWARDS TO 499 STUDENTS AND ASSISTANCE WITH FACULTY PROGRAMMING.

Program 2

Expenses: $891,118

FINANCIAL SUPPORT TO RHODE ISLAND COLLEGE DEPARTMENT OF INTERCOLLEGIATE ATHLETIC SERVICES WITH ATHLETE FACILITY IMPROVEMENTS/MAINTENANCE, UNIFORMS AND EQUIPMENT FOR VARIOUS TEAMS, AND THE PURCHASE OF...

Program 3

Expenses: $221,294

FINANCIAL SUPPORT TO RIC TO SUPPORT STUDENT ENGAGEMENT, LECTURES, FACULTY GRANTS AND SUPPLEMENTAL COMPENSATION AND CONFERENCES.

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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 $4,647,236

Program Service Revenue $0

Investment Income $1,892,139

Other Revenue $-32,075

TOTAL REVENUE $6,507,300

Expense Breakdown

Grants Paid $2,127,182

Salaries & Benefits $572,207

Fundraising Expenses $281,431

Program Expenses $3,239,594

Other Expenses $1,303,876

TOTAL EXPENSES $4,003,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,507,300	$4,271,503	+0.5%
Expenses	$4,003,265	$4,236,138	-0.1%
Net Income	$2,504,035	$35,365	+69.8%

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

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
ERIC SHOEN	EXECUTIVE DIRECTOR	35.00	Officer	$0	$0	$0
ALAN TENREIRO	BOARD PRESIDENT	0.50	Officer Director	$0	$0	$0
ANNE SLINEY	BOARD VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
THOMAS FITZGERALD	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
ALAN CHILLE	BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
JOYCE STEVOS	IMMEDIATE PAST PRESIDENT	0.50	Director	$0	$0	$0
ROBERT BROOKS	BOARD MEMBER	0.50	Director	$0	$0	$0
ANN MARIE DASILVA	BOARD MEMBER	0.50	Director	$0	$0	$0
RODERICK E DASILVA	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID DEPETRILLO	BOARD MEMBER	0.50	Director	$0	$0	$0
GARY DICENZO	BOARD MEMBER	0.50	Director	$0	$0	$0
FREDERICK HARRISON	BOARD MEMBER	0.50	Director	$0	$0	$0
GARY MOHAMED	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROL MORETTI	BOARD MEMBER	0.50	Director	$0	$0	$0
KYLA PECCHIA	BOARD MEMBER	0.50	Director	$0	$0	$0
ARTHUR PONTARELLI	BOARD MEMBER	0.50	Director	$0	$0	$0
EUGENE SIMONE	BOARD MEMBER	0.50	Director	$0	$0	$0
BARBARA SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN J SMITH JR	BOARD 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
2025	$6,507,300	$4,003,265	$54,347,107	$2,504,035
2024	$4,271,503	$4,236,138	$48,042,629	$35,365
2023	$3,438,035	$3,058,685	$43,255,879	$379,350
2022	$8,377,720	$2,100,785	$38,603,483	$6,276,935
2021	$6,584,099	$3,428,558	$46,078,068	$3,155,541
2020	$2,368,680	$4,269,764	$34,499,548	$-1,901,084
2019	$3,973,565	$4,238,394	$36,545,324	$-264,829
2018	$6,237,087	$2,939,869	$36,755,602	$3,297,218