RECYCLING FOR RHODE ISLAND EDUCATION (EIN 061478787) - 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

1992

Legal Domicile

Principal Officer

ROBERT A DEROBBIO PHD

Phone

4015241638

Tax Period

2022-01-01 to 2022-12-31

RECYCLING FOR RHODE ISLAND EDUCATION, founded in 1992, is a micro nonprofit that reported $2K in total revenue in fiscal year 2022. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $85K exceeded revenue, resulting in a 3773% operating deficit.

Mission

EDUCATION SUPPORT SERVICES

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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 $700

Program Service Revenue $1,451

Investment Income $50

Other Revenue $0

TOTAL REVENUE $2,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,139

Fundraising Expenses $0

Program Expenses $85,235

Other Expenses $43,096

TOTAL EXPENSES $85,235

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,201	$180,388	-1.0%
Expenses	$85,235	$204,837	-0.6%
Net Income	$-83,034	$-24,449	+2.4%

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

Total Directors

$34,178

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE FITZGERALD	DIRECTOR	30.00	Director	$33,064	$0	$33,064
NANCI DEROBBIO	DIRECTOR	30.00	Director	$1,114	$0	$1,114
PAUL R BROWN	DIRECTOR	N/A	Director	$0	$0	$0
SALLIE D'AGOSTINO-PISATURO	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL MARRAN ESQ	DIRECTOR	N/A	Director	$0	$0	$0
RORY MARCACCIO ESQ	DIRECTOR	N/A	Director	$0	$0	$0
JOYCE STEVOS PHD	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT A DEROBBIO PHD	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOSEPH PISATURO	DIRECTOR	N/A	Director	$0	$0	$0
EVA SILVER	DIRECTOR	N/A	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
2022	$2,201	$85,235	$52,260	$-83,034
2021	$180,388	$204,837	$135,294	$-24,449
2020	$143,743	$225,243	$159,743	$-81,500
2019	$240,552	$316,839	$241,243	$-76,287
2018	$266,901	$284,339	$317,530	$-17,438

RECYCLING FOR RHODE ISLAND EDUCATION