Rhode Islanders Sponsoring Education (EIN 061470525) - 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

1997

Legal Domicile

Principal Officer

Kaitlin Della Grotta

Phone

4014212010

Tax Period

2022-07-01 to 2023-06-30

Rhode Islanders Sponsoring Education, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $557K in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $528K left a modest 5% surplus.

Mission

To provide scholarships and mentoring to children of currently and formerly incarcerated parents.

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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 (2022)

Revenue Breakdown

Contributions & Grants $539,166

Program Service Revenue $0

Investment Income $6,743

Other Revenue $11,338

TOTAL REVENUE $557,247

Expense Breakdown

Grants Paid $209,700

Salaries & Benefits $118,743

Fundraising Expenses $44,314

Program Expenses $443,141

Other Expenses $200,025

TOTAL EXPENSES $528,468

Year-over-Year Comparison

	2022	2021	Change
Revenue	$557,247	$496,055	+0.1%
Expenses	$528,468	$392,639	+0.3%
Net Income	$28,779	$103,416	-0.7%

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

$66,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Vigilante	Founder-board member	2.00	Officer Director	$0	$0	$0
Tricia O'Neil	Treasurer	3.50	Officer Director	$0	$0	$0
Eulanda LaFrance	Board member	2.00	Director	$0	$0	$0
Robin Boss	President	3.50	Director	$0	$0	$0
Tim Flanigan	Founder- board member	2.00	Director	$0	$0	$0
Edward Wing	Vice president	3.50	Officer Director	$0	$0	$0
Jennifer Hyde	Secretary	3.50	Officer Director	$0	$0	$0
Raisa Gonzales	Board member	2.00	Director	$0	$0	$0
Jennifer McGee	Board member	2.00	Director	$0	$0	$0
Bianca Perry	Board member	2.00	Director	$0	$0	$0
Kaitlin Della Grotta	Executive director	40.00	Officer	$66,490	$0	$66,490

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	No data	No data	No data	No data
2023	$557,247	$528,468	$627,517	$28,779
2022	$496,055	$392,639	$585,686	$103,416
2021	$425,004	$302,984	$522,585	$122,020
2020	$392,030	$379,688	$338,100	$12,342
2019	$405,566	$395,981	$312,062	$9,585
2018	$387,251	$380,324	$304,680	$6,927

Rhode Islanders Sponsoring Education