RHODE ISLAND CENTER FOR FREEDOM AND PROSPERITY INC

EIN: 452805369 501(c)(3) Public & Societal Benefit

Cranston, RI

Total Revenue
$229,988
Total Expenses
$242,680
Total Assets
$402,769
Net Assets
$267,748
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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
2011
Legal Domicile
RI
Tax Period
2023-01-01 to 2023-12-31

RHODE ISLAND CENTER FOR FREEDOM AND PROSPERITY INC, founded in 2011, is a small nonprofit in the Public & Societal Benefit sector that reported $230K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

The Center is a public policy think tank designed to identify and the research and analysis to address critical public policy, economic, educational and governance issues affecting citizens of Rhode Island. The Centers focus is on promoting solutions to resolve these issues.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $229,988
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $229,988

Expense Breakdown

Grants Paid $0
Salaries & Benefits $128,990
Fundraising Expenses $10,487
Program Expenses $181,970
Other Expenses $113,690
TOTAL EXPENSES $242,680

Year-over-Year Comparison

2023 2022 Change
Revenue $229,988 $244,737 -0.1%
Expenses $242,680 $191,853 +0.3%
Net Income $-12,692 $52,884 -1.2%
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

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Governance

Voting Members
11
Independent Members
N/A
Employees
2
Volunteers
4

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
5
$86,500
Total Directors
11
$0
Key Employees
1
$86,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE STENHOUSE EXECUTIVE DIRECTOR 40.00
Officer Key Emp Highest
$86,500 $0 $86,500
MIKE RILEY TRUSTEE 1.00
Director
$0 $0 $0
GREG PORCARO TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL GAQUIN TRUSTEE 1.00
Director
$0 $0 $0
JOHN DONOFRIO TRUSTEE 1.00
Director
$0 $0 $0
THOMAS SWEENEY TRUSTEE 1.00
Director
$0 $0 $0
TINA MCKENDALL TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH L ORLANDO TRUSTEE 1.00
Director
$0 $0 $0
PHIL COTE VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
STEPHEN SKOLY CHAIRMAN 5.00
Officer Director
$0 $0 $0
JAY F JACOT TREASURER 5.00
Officer Director
$0 $0 $0
STEVE SEMPLE SECRETARY 2.00
Officer 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
2023 $229,988 $242,680 $402,769 $-12,692
2022 $244,737 $191,853 $427,318 $52,884
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