RHODE ISLAND TUTORIAL & EDUCATIONAL SERVICES INC

EIN: 261224086 501(c)(3) Education

PAWTUCKET, RI

Total Revenue
$543,930
Total Expenses
$537,935
Total Assets
$407,745
Net Assets
$387,945
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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
RI
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

IMPROVE ACADEMIC SKILLS OF STUDENTS STRUGGLING TO READ, DO MATH AND PREPARE THEMSELVES TO PERFORM THEIR BEST. THE ORGANIZATION ACCOMPLISHES THIS PRIMARILY THROUGH MULTISENSORY, INDIVIDUALIZED TUTORING AND HIGHLY SPECIALIZED SMALL-GROUP SUMMER PROGRAMS.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
3
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
3
$0
Total Directors
13
$76,800
Key Employees
0
$0
Highest Compensated
0
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
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