Block Island, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Block Island Economic Development Foundation Inc, founded in 1977, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Revenue surged 2492% from the prior year, signaling strong growth momentum. Expenses of $69K exceeded revenue, resulting in a 208% operating deficit.
The Foundation's mission is to improve economic and social conditions for residents of Block Island. BIED has built and manages a community center that provides child care and senior activities, operates an art gallery for local residents and rents residential units to residents.
Spring Street Gallery is a cooperative of Block Island artists who learn from each other, develop their work , provide art related programs and sell their work at a small summer Gallery on the...
Spring Street Gallery is a cooperative of Block Island artists who learn from each other, develop their work , provide art related programs and sell their work at a small summer Gallery on the island. The Community Center serves all BI residents
BIED housing subsidiary owns and operates 16 low income rental apartments on Block Island called "E. Searles Ball Memorial Housing." The project is a subsidized rental housing project under the...
BIED housing subsidiary owns and operates 16 low income rental apartments on Block Island called "E. Searles Ball Memorial Housing." The project is a subsidized rental housing project under the auspices of USDA -- Rural Development. However all income and expense is reported as rental revenue and rental expense.
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 | $22,499 | $868 | +24.9% |
| Expenses | $69,367 | $65,849 | +0.1% |
| Net Income | $-46,868 | $-64,981 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| Roberta McCormick | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Linda Spak | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Gail Pierce | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Jennifer Taubman | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Amadeus Mafosi | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Gerald Pierce | President | 3.00 |
Officer
Director
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$0 | $0 | $0 |
| Rebecca Brown | Secretary/Treasurer | 3.00 |
Officer
Director
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$0 | $0 | $0 |
| Monica Hull Shea | Vice-President | 3.00 |
Officer
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $22,499 | $69,367 | $1,491,920 | $-46,868 |
| 2022 | $868 | $65,849 | $1,553,473 | $-64,981 |
| 2021 | $26,481 | $59,573 | $1,664,004 | $-33,092 |
| 2020 | $50,409 | $47,565 | $1,730,083 | $2,844 |
| 2019 | $29,869 | $58,877 | $1,759,408 | $-29,008 |
| 2018 | $17,125 | $63,875 | $1,825,913 | $-46,750 |
Compare Block Island Economic Development Foundation Inc with other nonprofits in Rhode Island and across the country.