PACE ORGANIZATION OF RHODE ISLAND (EIN 300297335) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

CORISSA BERNIER

Phone

4014341400

Tax Period

2024-07-01 to 2025-06-30

PACE ORGANIZATION OF RHODE ISLAND, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $54.7M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTH AND SOCIAL SERVICES TO ENABLE FRAIL ELDERS TO REMAIN IN THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $337,212

Program Service Revenue $53,287,828

Investment Income $115,119

Other Revenue $960,044

TOTAL REVENUE $54,700,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,824,540

Fundraising Expenses $0

Program Expenses $48,457,772

Other Expenses $38,941,032

TOTAL EXPENSES $53,765,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,700,203	$43,413,067	+0.3%
Expenses	$53,765,572	$46,406,154	+0.2%
Net Income	$934,631	$-2,993,087	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

226

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

$517,681

Total Directors

Key Employees

$718,884

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN L KWIATKOWSKI	CHIEF EXECUTIVE OFFICER	39.00	Officer	$309,690	$39,396	$349,086
NICHOLAS NIKOLOPOULOS	CHIEF MEDICAL OFFICER	40.00	Key Emp	$273,671	$0	$273,671
GEORGE HARDY	PHYSICIAN	40.00	Key Emp	$243,496	$3,200	$246,696
MICHELLE LUPOLI	CHIEF CLINICAL SERVICES	40.00	Key Emp	$180,240	$18,277	$198,517
CRAIG MCANAUGH	CHIEF FINANCIAL OFFICER (UNTIL 8/24)	39.00	Officer	$118,640	$12,781	$131,421
DONNA MARIE KABA	NURSE PRACTITIONER	40.00	Highest	$131,002	$30,500	$161,502
ELIZABETH S BOUCHER	CHIEF ORGANIZATIONAL PERFO	40.00	Highest	$138,088	$19,233	$157,321
JULIE A L'EUROPA	NURSE PRACTITIONER	40.00	Highest	$130,637	$7,321	$137,958
THOMAS BOUCHER	CHIEF EXTERNAL AFFAIRS	40.00	Highest	$132,688	$17,907	$150,595
CURTIS DYER	PHARMACIST	40.00	Highest	$121,915	$25,765	$147,680
CORISSA BERNIER	CHIEF FINANCIAL OFFICER (AS OF 9/24)	39.00	Officer	$35,713	$1,461	$37,174
DANIELLE KOPF	CHAIR	2.00	Officer Director	$0	$0	$0
WHITNEY MILLS	VICE-CHAIR (AS OF 5/25)	2.00	Officer Director	$0	$0	$0
DALISSA KELLY	VICE-CHAIR (UNTIL 5/25), MEMBER	2.00	Officer Director	$0	$0	$0
KIM DENNY	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID DEJESUS	SECRETARY (UNTIL 5/25)	2.00	Officer Director	$0	$0	$0
MARIE GANIM	BOARD MEMBER	2.00	Director	$0	$0	$0
MEGAN HERNE	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWARD D'AREZZO	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIANNE RAIMONDO	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLOS GALLIANO	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN MCGOUGH	BOARD MEMBER	2.00	Director	$0	$0	$0
YASIN ABUL	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN MCCREEDY	BOARD MEMBER	2.00	Director	$0	$0	$0
JAYNE PAWASAUSKAS	BOARD MEMBER	2.00	Director	$0	$0	$0
GAIL PATRY	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC JUTKOWITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MITCHELL WICE	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY BAXTER	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES NYBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
PAARI GOPALAKRISHNAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFFREY MEYER	BOARD MEMBER (UNTIL 4/25)	2.00	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	$54,700,203	$53,765,572	$19,251,709	$934,631
2024	$43,413,067	$46,406,154	$17,785,610	$-2,993,087
2023	$42,783,793	$42,013,801	$23,595,841	$769,992
2022	$33,920,447	$33,150,373	$20,995,405	$770,074
2021	$33,979,528	$29,855,117	$15,367,017	$4,124,411
2020	$29,589,818	$29,217,252	$9,987,169	$372,566
2019	$26,131,928	$25,459,221	$5,110,123	$672,707
2018	$24,697,787	$24,176,779	$6,050,190	$521,008

PACE ORGANIZATION OF RHODE ISLAND