RHODE ISLAND BUSINESS GROUP ON HEALTH (EIN 204545288) - 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

2008

Legal Domicile

Principal Officer

AL CHARBONNEAU

Phone

4016672227

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND BUSINESS GROUP ON HEALTH, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $307K in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 46% operating margin.

Mission

TO PROMOTE EDUCATIONAL, LEGISLATIVE, AND COLLABORATIVE SOLUTIONS TO ENSURE RHODE ISLAND-BASED EMPLOYERS AND THEIR EMPLOYEES HAVE ACCESS TO AFFORDABLE, EFFICIENT, AND HIGH-QUALITY HEALTHCARE DELIVERY SYSTEM, AS WELL AS WELLBEING TOOLS AND RESOURCES TO MANAGE PRODUCTIVITY AND CONTAIN COSTS.

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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 $98,421

Program Service Revenue $184,235

Investment Income $0

Other Revenue $24,495

TOTAL REVENUE $307,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,387

Fundraising Expenses $0

Other Expenses $49,732

TOTAL EXPENSES $165,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,151	$137,822	+1.2%
Expenses	$165,119	$138,926	+0.2%
Net Income	$142,032	$-1,104	-129.7%

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

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

$71,833

Total Directors

$71,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL CHARBONNEAU	EXECUTIVE DIRECTOR	20.00	Officer Director	$71,833	$0	$71,833
JIM BERSON	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
JOANNE BILOTTA	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BOYD	DIRECTOR	1.00	Director	$0	$0	$0
LISA COSKUN	DIRECTOR	1.00	Director	$0	$0	$0
LINN FREEDMAN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
KATE KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
DONALD NOKES	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RICHARDS	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	No data	No data	No data	No data
2023	$307,151	$165,119	$155,382	$142,032

RHODE ISLAND BUSINESS GROUP ON HEALTH