RHODE ISLAND TROOPERS ASSOCIATION (EIN 237143601) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

ERIK JENSEN

Phone

4014441100

Tax Period

2024-01-01 to 2024-12-31

RHODE ISLAND TROOPERS ASSOCIATION, founded in 1994, is a small nonprofit that reported $320K in total revenue in fiscal year 2024. Net assets of $824K represent 31 months of operating reserves.

Mission

THE ORGANIZATION RECEIVES ANNUAL DUES AND ASSESSMENTS FROM ITS MEMBERS. THESE FUNDS ARE USED FOR OFFICE EXPENSES, CHARITABLE DONATIONS AND OTHER ACTIVITIES RELATED TO OPERATING THE ORGANIZATION.

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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 $164,084

Program Service Revenue $0

Investment Income $41,936

Other Revenue $114,081

TOTAL REVENUE $320,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $324,454

TOTAL EXPENSES $324,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,101	$317,605	+0.0%
Expenses	$324,454	$241,359	+0.3%
Net Income	$-4,353	$76,246	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK JENSEN	PRESIDENT	N/A	Officer	$0	$0	$0
KRISTOPHER LAGOR	SECRETARY	N/A	Officer	$0	$0	$0
BENJAMIN STERNBERG	VICE PRESIDE	N/A	Officer	$0	$0	$0
ERNEST ADAMS	TREASURER	N/A	Officer	$0	$0	$0
BRENDAN MORGAN	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT BENTSEN	DIRECTOR	N/A	Director	$0	$0	$0
AMY JACKMAN	DIRECTOR	N/A	Director	$0	$0	$0
JOHN GEORGES	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW DOWNING	DIRECTOR	N/A	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	$320,101	$324,454	$824,335	$-4,353
2023	$317,605	$241,359	$811,446	$76,246
2022	$220,821	$213,264	$677,929	$7,557
2021	$284,566	$158,197	$749,605	$126,369
2020	$257,368	$198,012	$613,288	$59,356

RHODE ISLAND TROOPERS ASSOCIATION