WESTERLY, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE WESTERLY REVOLVING FUND INC, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $263K in total revenue in fiscal year 2021. Revenue fell 476% from the prior year — a significant decline worth monitoring.
TO PRESERVE HISTORICAL HERITAGE OF WESTERLY AND STIMULATE COMMUNITY REVITALIZATION.
REVOLVING FUND LOAN PROGRAM - THE ORGANIZATION BECAME ESTABLISHED TO PROVIDE TECHNICAL SERVICES TO PROPERTY OWNERS IN WESTERLY'S HISTORIC NEIGHBORHOODS. STAFF WILL PREPARE FOR COST ESTIMATES FOR...
REVOLVING FUND LOAN PROGRAM - THE ORGANIZATION BECAME ESTABLISHED TO PROVIDE TECHNICAL SERVICES TO PROPERTY OWNERS IN WESTERLY'S HISTORIC NEIGHBORHOODS. STAFF WILL PREPARE FOR COST ESTIMATES FOR PROPERTIES AND EXTERIOR SPECIFICATIONS FOR RESIDENTIAL OR COMMERCIAL PROPERTIES, AND MONITOR RESTORATIONS.
COMMUNITY REVITALIZATION PROGRAM - IN APRIL 2019, THE ORGANIZATION PURCHASED A MIXED-USE HISTORIC PROPERTY IN NEED OF RENOVATION AT 134 MAIN ST, WESTERLY, RI. THE ORGANIZATION BEGAN THE RENOVATIONS...
COMMUNITY REVITALIZATION PROGRAM - IN APRIL 2019, THE ORGANIZATION PURCHASED A MIXED-USE HISTORIC PROPERTY IN NEED OF RENOVATION AT 134 MAIN ST, WESTERLY, RI. THE ORGANIZATION BEGAN THE RENOVATIONS IMMEDIATELY. ALL RELATED EXPENDITURES HAVE BEEN CAPITALIZED TO THIS PROJECT. THE COMPLETED PROJECT WAS SOLD ON JULY 1, 2021.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $-263,096 | $69,900 | -4.8% |
| Expenses | $2,312 | $4,086 | -0.4% |
| Net Income | $-265,408 | $65,814 | -5.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LOUIS W GINGERELLA JR | President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL J BEDDARD | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARCIA FELBER | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| FAITH BESSETTE ZITO | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTONIO GOODING | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $-263,096 | $2,312 | $33,189 | $-265,408 |
| 2020 | $69,900 | $4,086 | $698,597 | $65,814 |
| 2019 | $96,050 | $6,753 | $541,441 | $89,297 |
| 2018 | $-26,621 | $28,143 | $143,486 | $-54,764 |
Compare THE WESTERLY REVOLVING FUND INC with other nonprofits in Rhode Island and across the country.