RHODE ISLAND TUTORIAL & EDUCATIONA… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

H LAVENSTEIN L BIGNEY

Phone

4017234459

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND TUTORIAL & EDUCATIONAL SERVICES INC, founded in 2008, is a small nonprofit in the Education sector that reported $544K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

OUR MISSION IS TO SUPPORT LEARNING-DISABLED STUDENTS AND ADULTS IN OUR COMMUNITY, PROVIDING ACCESS TO QUALITY AND AFFORDABLE ACADEMIC INTERVENTION TO ENSURE THAT THEY ARE LITERATE MEMBERS OF SOCIETY. WE ALSO SUPPORT THE COMMUNITY BY OFFERING WORKSHOPS, ADVOCACY AND RESOURCES. WE ACCOMPLISH THIS MISSION BY TAILORING THE SPECIFIC INSTRUCTION TO EACH INDIVIDUAL'S LEARNING STYLE USING OUR OWN GROUP OF HIGHLY QUALIFIED, CERTIFIED AND EXPERIENCED TEACHERS, AND BY CONTINUALLY RESEARCHING AND INCORPORATING NEW SCIENTIFICALLY-APPROVED APPROACHES.

Program Service Accomplishments

Program 1

Expenses: $475,421 Revenue: $515,017

INDIVIDUAL TUTORING & SUMMER PROGRAMS, PARENT SUPPORT SERVICES & TEACHER TRAINING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,748

Program Service Revenue $515,017

Investment Income $12,165

Other Revenue $0

TOTAL REVENUE $543,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,247

Fundraising Expenses $10,754

Program Expenses $475,421

Other Expenses $454,389

TOTAL EXPENSES $537,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$543,930	$672,974	-0.2%
Expenses	$537,935	$638,856	-0.2%
Net Income	$5,995	$34,118	-0.8%

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

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

$76,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA BIGNEY	CO-DIRECTOR	30.00	Director	$40,800	$0	$40,800
HALLEY LAVENSTEIN	CO-DIRECTOR	26.00	Director	$36,000	$0	$36,000
KATHRYN GANN	PRESIDENT	0.50	Officer Director	$0	$0	$0
PAIGE MAGRATTEN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CAROLINE RICCI	SECRETARY	0.50	Officer Director	$0	$0	$0
BETSY ALPER	BOARD MEMBER	0.50	Director	$0	$0	$0
KELLY MANCE	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBRA NASSAU	BOARD MEMBER	2.00	Director	$0	$0	$0
BERNIE BLUMENTHAL	BOARD MEMBER	0.50	Director	$0	$0	$0
SUSAN LENA	BOARD MEMBER	0.50	Director	$0	$0	$0
ANTHONY GIANFRANCESCO	BOARD MEMBER	0.50	Director	$0	$0	$0
STANLEY REUTER	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC SANTOS	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2023	$543,930	$537,935	$407,745	$5,995
2022	$672,974	$638,856	$388,873	$34,118
2021	$619,228	$498,678	$376,643	$120,550
2020	$436,274	$466,706	$248,401	$-30,432
2019	$535,587	$494,733	$243,070	$40,854
2018	$499,935	$474,395	$189,472	$25,540

RHODE ISLAND TUTORIAL & EDUCATIONAL SERVICES INC