THE FOUNDATION FOR RHODE ISLAND DAY SCHOOLS (EIN 205654039) - 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

2006

Legal Domicile

Principal Officer

LINN FREEDMAN

Phone

4014214111

Tax Period

2023-01-01 to 2023-12-31

THE FOUNDATION FOR RHODE ISLAND DAY SCHOOLS, founded in 2006, is a small nonprofit in the Education sector that reported $717K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO ARE MEMBERS OF HOUSEHOLDS WITH ANNUAL HOUSEHOLD INCOME OF NOT MORE THAN 250% OF FEDERAL POVERTY GUIDELINES.

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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 $716,852

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $716,856

Expense Breakdown

Grants Paid $687,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $715,675

Other Expenses $28,675

TOTAL EXPENSES $715,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$716,856	$580,078	+0.2%
Expenses	$715,675	$580,925	+0.2%
Net Income	$1,181	$-847	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LINN FREEDMAN	PRESIDENT	Officer Director	$0	$0	$0
JAY ROSENSTEIN	DIRECTOR	Director	$0	$0	$0
PERETZ SCHEINERMAN	DIRECTOR	Director	$0	$0	$0
DAN HAMEL	DIRECTOR	Director	$0	$0	$0
STEVEN GOLIGER	VICE PRESIDENT	Officer Director	$0	$0	$0
RUSSELL RASKIN	DIRECTOR	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	$716,856	$715,675	$44,963	$1,181
2022	$580,074	$580,925	$49,867	$-851
2021	$726,357	$727,159	$50,033	$-802
2020	$720,355	$733,314	$28,322	$-12,959
2019	$531,390	$548,285	$41,281	$-16,895
2018	$726,279	$708,157	$62,694	$18,122

THE FOUNDATION FOR RHODE ISLAND DAY SCHOOLS