AIDS CARE OCEAN STATE INC

EIN: 222929749 501(c)(3) Diseases & Disorders

PROVIDENCE, RI

Total Revenue
$5,669,108
Total Expenses
$5,617,243
Total Assets
$7,222,633
Net Assets
$6,358,880
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
RI
Principal Officer
GINA MERCURE
Phone
4012731888
Tax Period
2023-09-01 to 2024-08-31

AIDS CARE OCEAN STATE INC, founded in 1986, is a community nonprofit in the Diseases & Disorders sector that reported $5.7M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

SUPPORT SERVICES FOR INDIVIDUALS AND FAMILIES WITH AIDS RELATED PROBLEMS

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,468,262
Program Service Revenue $1,015,573
Investment Income $10,843
Other Revenue $174,430
TOTAL REVENUE $5,669,108

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,211,052
Fundraising Expenses $117,946
Program Expenses $5,027,064
Other Expenses $3,406,191
TOTAL EXPENSES $5,617,243

Year-over-Year Comparison

2023 2022 Change
Revenue $5,669,108 $6,137,611 -0.1%
Expenses $5,617,243 $5,591,246 +0.0%
Net Income $51,865 $546,365 -0.9%
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
7
$161,302
Total Directors
11
$161,302
Key Employees
2
$161,302
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE REDDISH CHAIR 1.00
Officer Director
$0 $0 $0
DAVID ROBERT VICE CHAIR 1.00
Officer Director
$0 $0 $0
REV RAYMOND MALM SECRETARY 1.00
Officer Director
$0 $0 $0
MATTHEW ADAMS TREASURER 1.00
Officer Director
$0 $0 $0
MARC GAUTHIER MEMBER 1.00
Director
$0 $0 $0
JAY JONES MEMBER 1.00
Director
$0 $0 $0
PAUL FITZGERALD PRESIDENT EMERITUS 1.00
Officer Director
$0 $0 $0
JOSEPH RUESCH MEMBER 1.00
Director
$0 $0 $0
DIANE SIEDLECKI MD MEMBER 1.00
Director
$0 $0 $0
GINA MERCURE EXECUTIVE DIRECTOR 40.00
Officer Director Key Emp
$91,315 $0 $91,315
CHARLES LYNCH FINANCE DIRECTORS 40.00
Officer Director Key Emp
$69,987 $0 $69,987
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 $5,669,108 $5,617,243 $7,222,633 $51,865
2023 $6,137,611 $5,591,246 $7,140,427 $546,365
2022 $5,276,348 $4,880,455 $6,629,576 $395,893
2021 $5,222,560 $4,830,085 $6,103,611 $392,475
2020 $5,043,229 $4,862,356 $5,948,387 $180,873
2019 $5,358,985 $5,056,053 $5,274,632 $302,932
2018 $5,290,719 $4,895,263 $4,959,315 $395,456
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