NEWPORT, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TURNING AROUND MINISTRIES INC TURNING AROUND MINISTRIES INC, founded in 2006, is a small nonprofit in the Crime & Legal sector that reported $152K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $179K exceeded revenue, resulting in a 17% operating deficit.
TAM IS A FAITH BASED COMMUNITY OUTREACH PROGRAM DESIGNED TO OFFER AFTER CARE SERVICES TO PREVIOUSLY INCARCERATED PERSONS WHO ARE RETURNING TO NEWPORT COUNTY FROM THE RI ADULT CORRECTIONAL INSTITUTION (ACI) THEY OFFER HOLISTIC, PERSONALIZED GUIDANCE TO HELP EX OFFENDERS AND HOMELESS PERSONS ADDRESS A MYRIAD OF ISSUES SUCH AS EMPLOYMENT EDUCATION HOUSING FOOD CLOTHING SUBSTANCE ABUSE AND PERSONAL DEVELOPMENT. TAM IS THE ONLY AGENCY DEDICATED TO THIS PURPOSE, WHICH FOCUSES ON SERVING NEWPORT COUNTY RESIDENTS
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $152,257 | $177,423 | -0.1% |
| Expenses | $178,668 | $149,884 | +0.2% |
| Net Income | $-26,411 | $27,539 | -2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DEBORAH BAILEY | DIRECTOR | 10.00 |
Director
|
$0 | $0 | $0 |
| MALLORY DAVIS | DIRECTOR | 10.00 |
Director
|
$0 | $0 | $0 |
| JAMOYA RIDGELL | DIRECTOR | 10.00 |
Director
|
$0 | $0 | $0 |
| CHERYL ROBINSON | CHAIRPERSON | 15.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $152,257 | $178,668 | $60,885 | $-26,411 |
| 2024 | $177,423 | $149,884 | $87,301 | $27,539 |
| 2023 | $124,523 | $102,767 | $59,802 | $21,756 |
| 2022 | $58,061 | $59,391 | $35,693 | $-1,330 |
| 2021 | $59,088 | $90,844 | $36,313 | $-31,756 |
| 2020 | $83,640 | $35,451 | $68,069 | $48,189 |
| 2019 | $36,086 | $33,200 | $19,862 | $2,886 |
| 2018 | $32,519 | $32,376 | $17,158 | $143 |
Compare TURNING AROUND MINISTRIES INC TURNING AROUND MINISTRIES INC with other nonprofits in Rhode Island and across the country.