RHODE ISLAND DONATION EXCHANGE PRO… - 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

1993

Legal Domicile

Principal Officer

MARYBETH CORRENTE

Phone

4015622249

Tax Period

2023-07-01 to 2024-06-30

RHODE ISLAND DONATION EXCHANGE PROGRAM, founded in 1993, is a small nonprofit in the Human Services sector that reported $367K in total revenue in fiscal year 2023. Expenses of $345K left a modest 6% surplus.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES LEAST ABLE TO MEET THEIR BASIC NEEDS BY OPERATING A REDISTRIBUTION CENTER FOR FURNITURE AND HOUSEHOLD ITEMS THAT ARE DONATED BY INDIVIDUALS AND BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $312,163 Revenue: $298,238

COLLECTION AND DELIVERY OF DONATED FURNITURE, MAJOR APPLIANCES AND CLOTHING AND SALE OF USED ITEMS TO FAMILIES AND INDIVIDUALS QUALIFYING AS NEEDY UNDER THE FEDERAL AND STATE CRITERIA.

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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 $68,361

Program Service Revenue $298,238

Investment Income $0

Other Revenue $240

TOTAL REVENUE $366,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $312,163

Other Expenses $345,189

TOTAL EXPENSES $345,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$366,839	$352,069	+0.0%
Expenses	$345,189	$336,336	+0.0%
Net Income	$21,650	$15,733	+0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BUCCI	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ROBERT ROBILLARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL IACONE	TREASURER	1.00	Officer Director	$0	$0	$0
MARYBETH CORRENTE	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2024	$366,839	$345,189	$318,180	$21,650
2023	$352,069	$336,336	$332,384	$15,733
2022	$300,878	$288,370	$294,673	$12,508
2021	$325,073	$249,275	$276,791	$75,798
2020	$232,438	$207,735	$192,559	$24,703
2019	$331,966	$198,203	$169,302	$133,763

RHODE ISLAND DONATION EXCHANGE PROGRAM