BETTER LIVES RHODE ISLAND

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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

1985

Legal Domicile

Principal Officer

LESLIE PIRES

Phone

4014547422

Tax Period

2024-07-01 to 2025-06-30

BETTER LIVES RHODE ISLAND, founded in 1985, is a small nonprofit that reported $913K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

BETTER LIVES RHODE ISLAND IS A NON-PROFIT AGENCY WHOSE MISSION IS TO OFFER STABILITY, JUSTICE, AND HOPE TO THOSE IN NEED THROUGH ADVOCACY AND DIRECT SERVICE.

Program Service Accomplishments

Program 1

Expenses: $179,549 Revenue: $1,869

DOWNTOWN FOOD PANTRY - SERVING ALL OF PROVIDENCE, GUESTS CAN ACCESS THE PANTRY TWICE A MONTH AND SHOP FROM THE SHELVES FOR THE FOOD THEY CHOOSE TO EAT ("CLIENT CHOICE"). THE PROGRAM SERVES...

DOWNTOWN FOOD PANTRY - SERVING ALL OF PROVIDENCE, GUESTS CAN ACCESS THE PANTRY TWICE A MONTH AND SHOP FROM THE SHELVES FOR THE FOOD THEY CHOOSE TO EAT ("CLIENT CHOICE"). THE PROGRAM SERVES APPROXIMATELY 2,000 PEOPLE MONTHLY.

Program 2

Expenses: $554,970

HOMELESS OUTREACH AND SUPPORTIVE SERVICES PROGRAM - CLIENT CENTERED WORKING WITH NEWLY AND CHRONICALLY HOMELESS INDIVIDUALS, PEOPLE WITH PHYSICAL AND MENTAL DISABILITIES, PRISONERS UPON RELEASE...

HOMELESS OUTREACH AND SUPPORTIVE SERVICES PROGRAM - CLIENT CENTERED WORKING WITH NEWLY AND CHRONICALLY HOMELESS INDIVIDUALS, PEOPLE WITH PHYSICAL AND MENTAL DISABILITIES, PRISONERS UPON RELEASE, THOSE SUFFERING FROM ADDICTIONS AND IN RECOVERY. OUR TEAM OF CASE MANAGERS ARE EXPERIENCED IN ADDRESSING BARRIERS TO HOUSING SUCH AS SUBSTANCE USE, LEGAL ISSUES, LOW-INCOME, POOR CREDIT, ETC. WE PROVIDE BASIC NEEDS ITEMS (A MAILING ADDRESS, CLOTHING, TOILETRIES, PHOTO IDS AND TRANSPORTATION ASSISTANCE), HOUSING NAVIGATION AND STABILIZATION SERVICES, AND HELP CLIENTS DEVELOP A PLAN FOR SECURING AND MAINTAINING HOUSING THAT IS SAFE, AFFORDABLE AND PERMANENT. THE MOST IMPORTANT THING WE OFFER IS HOPE AND SOMEONE WHO WILL LISTEN.

Program 3

Expenses: $47,968

FRIDAY NIGHT COMMUNITY MEAL SITE - EVERY FRIDAY EVENING FROM 3:00 - 5:00PM, GUESTS ARE SERVED A NUTRITIOUS SIT-DOWN DINNER. PROGRAMMING IS OFFERED EACH WEEK: HEALTH SCREENINGS, LEGAL CLINICS, SNAP...

FRIDAY NIGHT COMMUNITY MEAL SITE - EVERY FRIDAY EVENING FROM 3:00 - 5:00PM, GUESTS ARE SERVED A NUTRITIOUS SIT-DOWN DINNER. PROGRAMMING IS OFFERED EACH WEEK: HEALTH SCREENINGS, LEGAL CLINICS, SNAP OUTREACH AND MORE. HOMELESS OUTREACH WORKERS ARE ON-SITE TO CONNECT THOSE WHO SO DESIRE WITH SHELTER AND RESOURCES. THE PROGRAM SERVES APPROXIMATELY 5,000 PEOPLE ANNUALLY.

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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 $911,188

Program Service Revenue $0

Investment Income $55

Other Revenue $1,869

TOTAL REVENUE $913,112

Expense Breakdown

Grants Paid $8,233

Salaries & Benefits $622,417

Fundraising Expenses $46,796

Program Expenses $782,487

Other Expenses $261,730

TOTAL EXPENSES $892,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$913,112	$709,966	+0.3%
Expenses	$892,380	$720,203	+0.2%
Net Income	$20,732	$-10,237	-3.0%

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

$72,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN MICKMAN ESQ	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN NELSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL PARENT	SECRETARY	2.00	Officer Director	$0	$0	$0
JUSTIN DESHAW	TREASURER	1.00	Officer Director	$0	$0	$0
SHAMUS DURAC ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE EASTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH MESSIER CPA	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT SHERIDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE PIRES	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA HUDSON	EXECUTIVE DIRECTOR	40.00	Officer	$72,000	$0	$72,000

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	$913,112	$892,380	$324,104	$20,732
2024	No data	No data	No data	No data
2023	$669,093	$586,083	$148,068	$83,010
2022	$400,522	$350,593	$77,488	$49,929
2021	$258,858	$412,372	$26,052	$-153,514
2020	$384,568	$377,036	$140,143	$7,532
2019	$433,268	$448,633	$61,373	$-15,365