Northern RI Food Pantry (EIN 455042619) - 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

2012

Legal Domicile

Phone

4012324189

Tax Period

2024-01-01 to 2024-12-31

Northern RI Food Pantry, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $411K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $371K left a modest 10% surplus.

Mission

We provide nutricious food, free of charge, to needy individuals and families in the Northern Rhode Island area to alleviate food insecurity and improve the quality of their lives.

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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 (2024)

Revenue Breakdown

Contributions & Grants $397,913

Program Service Revenue $0

Investment Income $12,698

Other Revenue $0

TOTAL REVENUE $410,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $367,836

Other Expenses $371,048

TOTAL EXPENSES $371,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,611	$330,774	+0.2%
Expenses	$371,048	$338,688	+0.1%
Net Income	$39,563	$-7,914	-6.0%

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

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Marcotte	Director	10.00	Director	$0	$0	$0
Philip Avenia	Director	3.00	Director	$0	$0	$0
Jeffrey Whitfield	Director	3.00	Director	$0	$0	$0
Patricia Cassetta-Girard	Director	3.00	Director	$0	$0	$0
Vera Martin	Director	3.00	Director	$0	$0	$0
Donna Auger	Director	3.00	Director	$0	$0	$0
Joann Ferland	Director	3.00	Director	$0	$0	$0
Joseph Lefrancois	Director	3.00	Director	$0	$0	$0
Kendra Gay	Director	3.00	Director	$0	$0	$0
Real Pare	Director	10.00	Director	$0	$0	$0
Bruce Klucznic	Director	10.00	Director	$0	$0	$0
Kendra Gay	Director	20.00	Director	$0	$0	$0
Robin P Degrange	Treasurer	10.00	Officer Director	$0	$0	$0
Richard Telesmanick	Co-Executive Director	15.00	Officer Director	$0	$0	$0
John Verruso	Asst Treasurer	10.00	Officer Director	$0	$0	$0
Denise Belisle	Secretary	10.00	Officer Director	$0	$0	$0
Gary Gray	Co-Executive Director	15.00	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
2024	$410,611	$371,048	$389,417	$39,563
2023	$330,774	$338,688	$349,854	$-7,914
2022	$393,084	$287,210	$357,768	$105,874
2021	$267,747	$188,346	$251,894	$79,401
2020	$304,989	$181,558	$172,493	$123,431

Northern RI Food Pantry