OCEAN STATE JOB LOT CHARITABLE FOUNDATION (EIN 200959438) - 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

2004

Legal Domicile

Principal Officer

JOHN CONFORTI

Phone

4012952672

Tax Period

2024-01-01 to 2024-12-31

OCEAN STATE JOB LOT CHARITABLE FOUNDATION, founded in 2004, is a community nonprofit in the Human Services sector that reported $6.6M in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE NEEDED FOOD, SHELTER, CLOTHING, MEDICINE AND EDUCATIONAL SCHOLARSHIPS.

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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 $5,913,529

Program Service Revenue $0

Investment Income $248,209

Other Revenue $431,548

TOTAL REVENUE $6,593,286

Expense Breakdown

Grants Paid $7,036,255

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,036,255

Other Expenses $39,458

TOTAL EXPENSES $7,075,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,593,286	$17,787,169	-0.6%
Expenses	$7,075,713	$17,214,245	-0.6%
Net Income	$-482,427	$572,924	-1.8%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN PEARLMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARC PEARLMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN ARONOW	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN CONFORTI	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD PORTNO	DIRECTOR	1.00	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	$6,593,286	$7,075,713	$5,018,074	$-482,427
2023	$17,787,169	$17,214,245	$5,195,502	$572,924
2022	$8,572,095	$8,284,027	$3,623,546	$288,068
2021	$7,935,020	$10,831,087	$5,018,116	$-2,896,067
2020	$9,279,217	$9,225,902	$5,653,689	$53,315
2019	$6,941,584	$7,883,242	$5,788,318	$-941,658
2018	$6,396,513	$6,964,649	$5,567,447	$-568,136

OCEAN STATE JOB LOT CHARITABLE FOUNDATION