THE ECONOMIC PROGRESS INSTITUTE

EIN: 320295517 501(c)(3) Public & Societal Benefit

PROVIDENCE, RI

Total Revenue
$1,019,644
Total Expenses
$1,047,007
Total Assets
$868,914
Net Assets
$822,978
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
RI
Principal Officer
WEAYONNOH NELSON-DAVIES
Phone
4014568512
Tax Period
2023-10-01 to 2024-09-30

THE ECONOMIC PROGRESS INSTITUTE, founded in 2009, is a community nonprofit in the Public & Societal Benefit sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE THE ECONOMIC SECURITY OF LOW AND MODEST-INCOME RHODE ISLANDERS AND MONITOR AND ENCOURAGE THE DEVELOPMENT OF TAX AND BUDGET POLICIES THAT ARE EQUITABLE AND ADEQUATE TO FUND PUBLIC SERVICES.

Program Service Accomplishments

Program 1
Expenses: $477,154

THE INSTITUTE INFORMS POLICY DEBATE WITH ACCURATE, DATA-DRIVEN ANALYSIS ABOUT THE ECONOMIC HEALTH OF RHODE ISLAND AND ITS RESIDENTS. WE SCRUTINIZE REVENUE AND SPENDING PROPOSALS TO DETERMINE HOW THEY...

Read more

THE INSTITUTE INFORMS POLICY DEBATE WITH ACCURATE, DATA-DRIVEN ANALYSIS ABOUT THE ECONOMIC HEALTH OF RHODE ISLAND AND ITS RESIDENTS. WE SCRUTINIZE REVENUE AND SPENDING PROPOSALS TO DETERMINE HOW THEY WOULD AFFECT RHODE ISLANDER'S DAY-TO-DAY LIVES. WE PUT THIS INFORMATION INTO THE HANDS OF POLICYMAKERS, JOURNALISTS AND CONCERN CITIZENS TO PROMOTE,DEBATE AND ENCOURAGE SOUND DECISION-MAKING.

Program 2
Expenses: $85,000

THE INSTITUTE WORKS TO ENSURE THE EFFICACY AND SUSTANABILITY OF WORKER FRIENDLY WORK PLACE POLICIES SUCH AS PAID FAMILY LEAVE. RHODE ISLAND WAS A LEADER IN CREATING ONE OF THE NATION'S FIRST PAID...

Read more

THE INSTITUTE WORKS TO ENSURE THE EFFICACY AND SUSTANABILITY OF WORKER FRIENDLY WORK PLACE POLICIES SUCH AS PAID FAMILY LEAVE. RHODE ISLAND WAS A LEADER IN CREATING ONE OF THE NATION'S FIRST PAID LEAVE PROGRAMS FOR ITS WORKERS - THE TEMPORARY CAREGIVER INSURANCE PROGRAM (TCI) IN JANUARY 2014. WE WORK WITH COMMUNITY ORGANIZATIONS TO ENSURE INDIVIDUALS KNOW ABOUT PROGRAM AND THAT THE ADMINISTRATION OF THE PROGRAM WORKS FOR WORKERS. WE ALSO WORKED WITH A COALITION OF ORGANIZATIONS TO PROVIDE ECONOMIC POLICY ANALYSIS SHOWING WHY PAID SICK LEAVE ARE IMPORTANT, ESPECIALLY FOR LOWER- WAGE WORKERS AND WORKERS OF COLOR, AND HELPED EXPLAIN THE INTERSECTION AND IMPORTANCE OF RHODE ISLAND OFFERING BOTH PAID FAMILY LEAVE EARNED SICK DAYS.

Program 3
Expenses: $152,250

THE INSTITUTE EDUCATES COMMUNITY-BASED WORKERS ABOUT THE WORK SUPPORTS THAT HELP FAMILIES MEET BASIC NEED THROUGH WRITTEN MATERIALS, IN-PERSON TRAINING AND ONLINE GUIDES TO ASSISTANCE. WE ALSO...

Read more

THE INSTITUTE EDUCATES COMMUNITY-BASED WORKERS ABOUT THE WORK SUPPORTS THAT HELP FAMILIES MEET BASIC NEED THROUGH WRITTEN MATERIALS, IN-PERSON TRAINING AND ONLINE GUIDES TO ASSISTANCE. WE ALSO COLLABORATE WITH STATE AGENCIES TO IMPROVE THE DELIVERY OF SERVICES TO IMPROVE EFFICIENCY AND PROGRAM INTEGRITY.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $925,214
Program Service Revenue $0
Investment Income $21,427
Other Revenue $73,003
TOTAL REVENUE $1,019,644

Expense Breakdown

Grants Paid $8,000
Salaries & Benefits $840,530
Fundraising Expenses $123,161
Program Expenses $714,404
Other Expenses $198,477
TOTAL EXPENSES $1,047,007

Year-over-Year Comparison

2023 2022 Change
Revenue $1,019,644 $1,023,304 0.0%
Expenses $1,047,007 $689,201 +0.5%
Net Income $-27,363 $334,103 -1.1%
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

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
8
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
4
$120,750
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DWAYNE KEYS CHAIR 1.00
Officer Director
$0 $0 $0
LINDA SHAW VICE CHAIR 1.00
Officer Director
$0 $0 $0
COLLIN E BAILEY ESQ TREASURER 1.00
Officer Director
$0 $0 $0
HALEY DE LA ROSA BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA CANO MORALES BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA DUPRAS ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
PAULA HODGES BOARD MEMBER 1.00
Director
$0 $0 $0
SARNYA KP BOARD MEMBER 1.00
Director
$0 $0 $0
ERICA HAMMOND BOARD MEMBER 1.00
Director
$0 $0 $0
GERALDINE M BARCLAY-KING BOARD MEMBER 1.00
Director
$0 $0 $0
DORIS BLANCHARD BOARD MEMBER 1.00
Director
$0 $0 $0
ANA C URENA BOARD MEMBER 1.00
Director
$0 $0 $0
MELODY LAWRENCE BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH MAYA RODRIGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
PERRI S LEVISS PHD BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN MCELROY BOARD MEMBER 1.00
Director
$0 $0 $0
CATHERINE PENA BOARD MEMBER 1.00
Director
$0 $0 $0
WEAYONNOH NELSON-DAVIES EXECUTIVE DI 40.00
Officer
$120,750 $0 $120,750
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 $1,019,644 $1,047,007 $868,914 $-27,363
2023 $1,023,304 $689,201 $886,869 $334,103
2022 $643,357 $684,499 $568,401 $-41,142
2021 $686,138 $690,340 $599,429 $-4,202
2020 $717,885 $695,545 $579,904 $22,340
2019 $640,273 $576,065 $553,764 $64,208
2018 $545,111 $551,311 $484,397 $-6,200
Explore More Nonprofits
Top 100 Nonprofits in Rhode Island Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE ECONOMIC PROGRESS INSTITUTE with other nonprofits in Rhode Island and across the country.