PRUDENCE CONSERVANCY INC

EIN: 222881005 501(c)(3) Environment

PRUDENCE ISLAND, RI

Total Revenue
$82,898
Total Expenses
$50,792
Total Assets
$5,626,446
Net Assets
$5,619,637
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
RI
Phone
4016835061
Tax Period
2024-01-01 to 2024-12-31

PRUDENCE CONSERVANCY INC, founded in 1987, is a micro nonprofit in the Environment sector that reported $83K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 39% operating margin.

Mission

PRESERVATION OF OPEN SPACES; INFORM AND EDUCATE RESIDENTS OF PRUDENCE ISLAND ON VARIOUS ENVIRONMENTAL ISSUES; MAINTENANCE OF HISTORIC LIGHTHOUSE AND BUILDINGS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,426
Program Service Revenue $8,293
Investment Income $31,943
Other Revenue $9,236
TOTAL REVENUE $82,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,702
Program Expenses $30,586
Other Expenses $50,792
TOTAL EXPENSES $50,792

Year-over-Year Comparison

2024 2023 Change
Revenue $82,898 $245,484 -0.7%
Expenses $50,792 $219,700 -0.8%
Net Income $32,106 $25,784 +0.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWEN WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
RAYMOND JENNESS CHAIRPERSON 1.00
Director
$0 $0 $0
GERRY CUTTER DIRECTOR 1.00
Director
$0 $0 $0
JOHN WORCESTER DIRECTOR 1.00
Director
$0 $0 $0
KAREN MILLER DIRECTOR 1.00
Director
$0 $0 $0
DAVID VALLETTA DIRECTOR 1.00
Director
$0 $0 $0
BETH CORREIRA SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN IVANOSKI TREASURER DIRECTOR 5.00
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
2024 $82,898 $50,792 $5,626,446 $32,106
2023 $245,484 $219,700 $5,640,365 $25,784
2022 $45,462 $54,239 $5,565,518 $-8,777
2021 $61,036 $45,728 $5,572,624 $15,308
2020 $33,660 $30,114 $5,557,116 $3,546
2019 $88,967 $45,951 $5,555,104 $43,016
2018 $51,342 $109,839 $5,512,088 $-58,497
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