PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE RHODE ISLAND COMMUNITY FOUNDATION, founded in 1916, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $87.7M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $102.9M exceeded revenue, resulting in a 17% operating deficit.
THE RHODE ISLAND FOUNDATION IS A PROACTIVE COMMUNITY AND PHILANTHROPIC LEADER DEDICATED TO MEETING THE NEEDS OF THE PEOPLE OF RHODE ISLAND.
DONOR DESIGNATED FUNDS: PROVIDING VEHICLES FOR DONORS TO MAKE GRANTS TO QUALIFIED CHARITIES BY DESIGNATING A QUALIFIED CHARITY.
DONOR ADVISED FUNDS: PROVIDING GRANTS TO QUALIFIED 501C(3) ORGANIZATIONS THROUGH FUNDS OVER WHICH DONORS HAVE ADVISORY PRIVILEGES.
STRATEGIC GRANTMAKING PROGRAMS: GRANTMAKING FOCUSED PRIMARILY ON ADDRESSING SPECIFIC PRIORITIES WITHIN THREE STRATEGIC AREAS: ECONOMIC SECURITY, EDUCATION, AND HEALTH. GRANTMAKING ALSO SUPPORTS...
STRATEGIC GRANTMAKING PROGRAMS: GRANTMAKING FOCUSED PRIMARILY ON ADDRESSING SPECIFIC PRIORITIES WITHIN THREE STRATEGIC AREAS: ECONOMIC SECURITY, EDUCATION, AND HEALTH. GRANTMAKING ALSO SUPPORTS ORGANIZATIONS AND PROJECTS THAT ARE RESPONSIVE TO COMMUNITY NEEDS IN OTHER AREAS INCLUDING ARTS & CULTURE, ENVIRONMENT, CHILDREN & FAMILIES, AND HOUSING. GRANTS SUPPORT DIFFERENT APPROACHES INCLUDING 1) POLICY, ADVOCACY AND SYSTEMS REFORM: FUNDING PROJECTS THAT INVOLVE RESEARCH AND ANALYSIS ON PRESSING ISSUES; ADVOCACY THAT GIVES VOICE TO UNDERREPRESENTED GROUPS AND PROMOTES INSTITUTIONAL CHANGE 2)ORGANIZATIONAL AND LEADERSHIP CAPACITY: FUNDING PROJECTS TO INCREASE NON PROFIT CAPACITY, AND 3) INNOVATIVE MODELS AND PROVEN PROGRAMS: FUNDING PROJECTS BASED ON UNIQUE RESEARCH OR EXPERIENCE IN A FIELD. WE SEEK TO EXPAND AND SUSTAIN PROGRAMS THAT ARE HIGHLY EFFECTIVE AND PRODUCE RESULTS. WE ALSO OPERATE MULTIPLE SPECIAL GRANT PROGRAMS THAT FUND PROJECTS THAT BEST MATCH DONOR INTENT.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $87,701,485 | $94,559,880 | -0.1% |
| Expenses | $102,860,359 | $94,070,249 | +0.1% |
| Net Income | $-15,158,874 | $489,631 | -32.0% |
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 |
|---|---|---|---|---|---|---|
| G ALAN KUROSE MD MBA FACP | CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANET ROBINSON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL K ALLIO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARRIE BRIDGES FELIZ MPH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA R DUBOSE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN D FAIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD O HANDY III | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANN-MARIE HARRINGTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MEGHAN HUGHES PHD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY MENDEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THERESA MOORE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER R PHILLIPS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES WRIGHT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NEIL STEINBERG | PRESIDENT/CEO (THRU 5/31) | 40.00 |
Officer
|
$425,004 | $41,572 | $466,576 |
| DAVID CICILLINE | PRESIDENT/CEO (AS OF 6/1) | 40.00 |
Officer
|
$387,540 | $11,415 | $398,955 |
| JENNIFER REID | CFO/TREASURER | 40.00 |
Officer
|
$297,370 | $1,712 | $299,082 |
| BRIDGET BARATTA | VP OF DEVELOPMENT | 40.00 |
Key Emp
|
$238,911 | $35,207 | $274,118 |
| KATHLEEN MALIN | CTO/VP OF OPERATIONS | 40.00 |
Key Emp
|
$222,431 | $47,123 | $269,554 |
| JENNIFER PEREIRA | VP OF GRANTS & COMMUNITY INVESTMENT | 40.00 |
Key Emp
|
$192,251 | $52,252 | $244,503 |
| ARIANNE CORRENTE | VP OF COMMUNICATIONS & MARKETING | 40.00 |
Key Emp
|
$183,248 | $55,714 | $238,962 |
| ANGELA ANKOMA | VP & ED EQUITY LEADERSHIP INITIATIVE | 40.00 |
Highest
|
$177,169 | $56,786 | $233,955 |
| SHARON COLLIER | VICE PRESIDENT OF HUMAN RESOURCES | 40.00 |
Highest
|
$188,018 | $32,871 | $220,889 |
| DANIEL KERTZNER | SENIOR PHILANTHROPIC ADVISOR | 40.00 |
Highest
|
$176,739 | $30,750 | $207,489 |
| JILL PFITZENMAYER | VP OF CAPACITY BUILDING | 40.00 |
Highest
|
$160,169 | $38,654 | $198,823 |
| CHRISTINE PELLEGRI | SENIOR PHILANTHROPIC ADVISOR | 40.00 |
Highest
|
$148,353 | $35,120 | $183,473 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $87,701,485 | $102,860,359 | $1,257,515,540 | $-15,158,874 |
| 2022 | $94,559,880 | $94,070,249 | $1,164,890,574 | $489,631 |
| 2021 | $194,702,159 | $86,255,256 | $1,346,682,058 | $108,446,903 |
| 2020 | $101,831,307 | $87,764,346 | $1,115,655,250 | $14,066,961 |
| 2020 | $101,831,307 | $87,764,346 | $1,115,655,250 | $14,066,961 |
| 2019 | $90,361,227 | $67,128,612 | $1,011,786,707 | $23,232,615 |
Compare THE RHODE ISLAND COMMUNITY FOUNDATION with other nonprofits in Rhode Island and across the country.