RHODE ISLAND ASSOCIATION OF SCHOOL… - Form 990 Financial Data

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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

1979

Legal Domicile

Phone

4012729811

Tax Period

2024-09-01 to 2025-08-31

RHODE ISLAND ASSOCIATION OF SCHOOL PRINCIPALS, founded in 1979, is a small nonprofit that reported $362K in total revenue in fiscal year 2024. Expenses of $339K left a modest 7% surplus.

Mission

RIASPS MISSION IS TO SUPPORT AND PROVIDE THE COMMON INTEREST OF RHODE ISLAND SCHOOL PRINCIPALS AS THE LEADERS OF TODAYS SCHOOLS, TEACHERS AND STUDENTS

Program Service Accomplishments

Program 1

PROFESSIONAL DEVELOPMENT, INSTRUCTIONAL METHODS AND ADMINISTRATION

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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 $362,274

Program Service Revenue $195

Investment Income $12

Other Revenue $0

TOTAL REVENUE $362,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,166

Fundraising Expenses $0

Other Expenses $228,524

TOTAL EXPENSES $338,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$362,481	$367,054	0.0%
Expenses	$338,690	$319,735	+0.1%
Net Income	$23,791	$47,319	-0.5%

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

$100,452

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE HASSELL	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHERI SACCO	PRESIDENT ELECT	5.00	Officer Director	$0	$0	$0
DONNA SWEET	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRISTOPHER SAVASTANO	TREASURER	5.00	Officer Director	$0	$0	$0
LEAH BESSETTE	DIRECTOR	5.00	Director	$0	$0	$0
GREGORY ZENION	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT LITTLEFIELD	EXECUTIVE DIRECTOR	40.00	Officer	$100,452	$0	$100,452
KAREN STERN	DIRECTOR	5.00	Director	$0	$0	$0
COURTNEY MONTERECY	DIRECTOR	5.00	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
2025	$362,481	$338,690	$488,352	$23,791
2024	$367,054	$319,735	$426,983	$47,319
2023	$325,387	$335,971	$509,906	$-10,584
2022	$311,440	$309,970	$523,849	$1,470
2021	$306,046	$303,166	$425,783	$2,880
2020	$334,367	$286,460	$375,085	$47,907
2019	$304,563	$321,661	$338,580	$-17,098
2018	$302,214	$326,204	$312,384	$-23,990

RHODE ISLAND ASSOCIATION OF SCHOOL PRINCIPALS