RHODE ISLAND MAYORAL ACADEMY (SM) BLACKSTONE VALLEY (EIN 270617933) - 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

2009

Legal Domicile

Principal Officer

SARAH ANDERSON

Phone

4013353133

Tax Period

2023-07-01 to 2024-06-30

RHODE ISLAND MAYORAL ACADEMY (SM) BLACKSTONE VALLEY, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $42.1M in total revenue in fiscal year 2023.

Mission

TO PREPARE EVERY SCHOLAR FOR SUCCESS IN COLLEGE AND THE WORLD BEYOND.

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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 $12,722,173

Program Service Revenue $29,035,691

Investment Income $155,645

Other Revenue $194,972

TOTAL REVENUE $42,108,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,410,798

Fundraising Expenses $0

Program Expenses $40,773,404

Other Expenses $16,034,601

TOTAL EXPENSES $44,445,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,108,481	$42,137,345	0.0%
Expenses	$44,445,399	$43,014,662	+0.0%
Net Income	$-2,336,918	$-877,317	+1.7%

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

460

Volunteers

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

$366,105

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON MARIA RIVERA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
HON JEFFREY MUTTER	DIRECTOR	1.00	Director	$0	$0	$0
HON T JOSEPH ALMOND	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCGEE PHD	DIRECTOR (TO 2/23)	1.00	Director	$0	$0	$0
JOHN R MORTON MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SILVA	DIRECTOR (TO 6/23)	1.00	Director	$0	$0	$0
BRADLEY COLLINS	DIRECTOR (AS OF 1/23)	1.00	Director	$0	$0	$0
JESSICA WATERS	DIRECTOR	1.00	Director	$0	$0	$0
JOY SOUSA	DIRECTOR	1.00	Director	$0	$0	$0
DIOSCARCIS GARCIA	VICE CHAIRMAN	1.00	Director	$0	$0	$0
LINDSEY KIZEKAI	DIRECTOR (AS OF 1/23)	1.00	Director	$0	$0	$0
LAURA STACK	DIRECTOR (AS OF 1/23)	1.00	Director	$0	$0	$0
BETH DOWD	SECRETARY (NON-VOTING)	1.00	Officer	$0	$0	$0
CHRISTINE LOSEA	CHIEF FINANCIAL OFFICER	45.00	Officer	$132,990	$22,222	$155,212
SARAH ANDERSON	CHIEF EXECUTIVE OFFICER	45.00	Officer	$199,319	$11,574	$210,893
STEPHANIE BENNETTS	CHIEF ACADEMIC OFFICER	45.00	Highest	$114,220	$24,178	$138,398
MICHAEL DEMATTEO	CHIEF OPERATIONS OFFICER	45.00	Highest	$130,086	$23,670	$153,756
EMILY STAINER	SR. DIRECOTR OF SECONDARY SCHOOLS	45.00	Highest	$128,370	$13,186	$141,556
MARIELLE EMET	HEAD OF SCHOOL	45.00	Highest	$121,856	$23,110	$144,966
JOSHUA GIRALDO	CHIEF HUMAN CAPITAL	45.00	Highest	$126,131	$8,584	$134,715

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	No data	No data	No data	No data
2024	$42,108,481	$44,445,399	$55,870,869	$-2,336,918
2023	$42,137,345	$43,014,662	$58,639,900	$-877,317
2022	$42,226,919	$39,413,618	$44,692,718	$2,813,301
2021	$33,979,012	$33,566,125	$46,166,217	$412,887
2020	$32,217,070	$32,389,335	$36,989,951	$-172,265
2019	$28,963,125	$28,974,984	$25,522,239	$-11,859
2018	$27,181,161	$25,499,572	$9,789,316	$1,681,589

RHODE ISLAND MAYORAL ACADEMY (SM) BLACKSTONE VALLEY