PRUDENCE ISLAND SCHOOL FOUNDATION

EIN: 264731400 501(c)(3) Education

Portsmouth, RI

Total Revenue
$85,279
Total Expenses
$38,173
Total Assets
$477,916
Net Assets
$444,438
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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
2009
Legal Domicile
RI
Phone
4016831857
Tax Period
2024-09-01 to 2025-08-31

PRUDENCE ISLAND SCHOOL FOUNDATION, founded in 2009, is a micro nonprofit in the Education sector that reported $85K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $47K, a strong 55% operating margin.

Mission

TO ENGAGE IN ACTIVITIES AND RAISE FUNDS TO SUPPORT THE PERPETUAL EXISTENCE OF A ONE ROOM SCHOOL HOUSE ON PRUDENCE ISLAND

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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 (2024)

Revenue Breakdown

Contributions & Grants $81,123
Program Service Revenue $4,115
Investment Income $41
Other Revenue $0
TOTAL REVENUE $85,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $187
Fundraising Expenses $590
Program Expenses $37,286
Other Expenses $37,986
TOTAL EXPENSES $38,173

Year-over-Year Comparison

2024 2023 Change
Revenue $85,279 $93,674 -0.1%
Expenses $38,173 $92,395 -0.6%
Net Income $47,106 $1,279 +35.8%
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

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA MOSHER CHARIPERSON - CURRICULUM COMMITTEE 2.00
Director
$0 $0 $0
JOHN IVANOSKI TREASURERDIRECTOR 2.00
Officer Director
$0 $0 $0
DONNA BAINS CLERK 2.00
Director
$0 $0 $0
CATHERINE HOMAN BOARD CHAIRPERSON 2.00
Director
$0 $0 $0
JESSICA FRISWELL CLERK DIRECTOR 2.00
Officer Director
$0 $0 $0
JOANNE GARLICK DIRECTOR 2.00
Director
$0 $0 $0
ALLAN BEARSE FACILITIES COMMITTEE CHAIRPERSON 2.00
Director
$0 $0 $0
STEPHANIE DOTY TECHNOLOGY COMMITTEE CHAIRPERSON 2.00
Director
$0 $0 $0
LINDA MOSHER CURRICULUM COMMITTEE CHAIRPERSON 2.00
Director
$0 $0 $0
TESSA IVANOSKI ASSISTANT TREASURER 2.00
Officer 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
2025 $85,279 $38,173 $477,916 $47,106
2024 $93,673 $92,395 $434,949 $1,278
2023 $115,698 $102,305 $432,531 $13,393
2022 $116,819 $88,444 $419,610 $28,375
2021 $310,492 $85,864 $389,037 $224,628
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