RI Bio

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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

2013

Legal Domicile

Principal Officer

Glenn Robertelli

Phone

4014005499

Tax Period

2023-01-01 to 2023-12-31

RI Bio, founded in 2013, is a small nonprofit in the Medical Research sector that reported $661K in total revenue in fiscal year 2023.

Mission

RI Bio's mission is to support the health care industry by galvanizing collaboration between the health technologies companies, hospitals, universities, sources of capital and governmental partners to support and accelerate health technology development in Rhode Island.

Program Service Accomplishments

Program 1

Expenses: $226,150

Leadership Skills for Creating a Successful Post-Pandemic FutureThe program provided an opportunity for RI Bio life sciences employer partners to offer training to help develop and retain leaders in their organizations. The training was offered virtually and provided flexible options for employees to take one or as many of the six courses to best meet their needs. The training offered the chance for employees who completed all of the courses to be considered for additional projects, new assignments or leadership roles.

Program 2

Expenses: $140,580

Essentials of Project Management and Advanced Project Management Training This program helped individuals understand how to learn and utilize project management skills to create high performance...

Essentials of Project Management and Advanced Project Management Training This program helped individuals understand how to learn and utilize project management skills to create high performance employees and teams in a hybrid work environment.

Program 3

Expenses: $244,486

RI Biotech Boot CampThe RI Biotech Boot Camp offered a solution to meet industry's needs for an immediate industry trainedtalent pool. After successful completion of the boot camp, participants were coached through a resume writing/interview preparation workshop to secure entry-level positions in the biotech,pharmaceutical and healthcare fields.

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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 (2023)

Revenue Breakdown

Contributions & Grants $513,430

Program Service Revenue $147,926

Investment Income $0

Other Revenue $32

TOTAL REVENUE $661,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,454

Fundraising Expenses $9,975

Program Expenses $611,216

Other Expenses $512,159

TOTAL EXPENSES $671,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$661,388	$686,804	0.0%
Expenses	$671,613	$697,430	0.0%
Net Income	$-10,225	$-10,626	0.0%

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

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

$145,710

Total Directors