RHODE ISLAND PARROT RESCUE INC (EIN 371469313) - 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

2008

Legal Domicile

Principal Officer

Corrie Butler

Phone

6305063160

Tax Period

2022-01-01 to 2022-12-31

RHODE ISLAND PARROT RESCUE INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $226K in total revenue in fiscal year 2022. Revenue surged 57% from the prior year, signaling strong growth momentum.

Mission

Rhode Island Parrot's mission is to educate people on the proper care of parrots and parrot-like birds, their specific physical and psychological needs, rescuing companion parrots from harmful or unwanted situations and rehabilitating, when necessary, unwanted, found, or injured naturalized parrots and offering these birds to qualified homes for adoption.

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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 (2022)

Revenue Breakdown

Contributions & Grants $143,329

Program Service Revenue $39,536

Investment Income $0

Other Revenue $42,862

TOTAL REVENUE $225,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,584

Fundraising Expenses $0

Program Expenses $16,212

Other Expenses $184,686

TOTAL EXPENSES $234,270

Year-over-Year Comparison

	2022	2021	Change
Revenue	$225,727	$143,577	+0.6%
Expenses	$234,270	$82,486	+1.8%
Net Income	$-8,543	$61,091	-1.1%

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

N/A

Employees

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

Total Directors

Key Employees

$44,615

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Corrie Butler	Facility Director	40	Key Emp	$26,000	$0	$26,000
ChristineSpanedda	Asst. Facility Director	20	Key Emp	$12,600	$0	$12,600
Katherine Rogers	Admin Assistant	10	Key Emp	$6,015	$0	$6,015
Michelle Lavoie	Finance Dept.	10	Key Emp	$0	$0	$0
Victoria Greenleaf	Marketing	10	Key Emp	$0	$0	$0
Stacy Inman	Fundraising	10	Key Emp	$0	$0	$0
Diane Conyers	Secretary	10	Key Emp	$0	$0	$0
Cory Schnepper	Tech Support	10	Key Emp	$0	$0	$0
Nathan Mollica	Development Manager	10	Key Emp	$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
2022	$225,727	$234,270	$353,463	$-8,543

RHODE ISLAND PARROT RESCUE INC