RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC (EIN 471151685) - 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

2014

Legal Domicile

Principal Officer

LISA RANGLIN

Phone

4014653669

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $240K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $235K, a strong 98% operating margin.

Mission

TO PROVIDE MICRO-LOANS & GRANT SERVICES FOR SMALL BUSINESSES IN RI

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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 $238,475

Program Service Revenue $0

Investment Income $0

Other Revenue $1,913

TOTAL REVENUE $240,388

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,700

Other Expenses $1,181

TOTAL EXPENSES $5,181

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,388	$195,559	+0.2%
Expenses	$5,181	$9,461	-0.5%
Net Income	$235,207	$186,098	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA RANGLIN	PRESIDENT	20.00	Director	$0	$0	$0
EVELYN MOORE	SECRETARY	10.00	Officer	$0	$0	$0
GRANT FALCONER	DIRECTOR	2.00	Officer	$0	$0	$0
MARJORIE DELILLE CASSION	DIRECTOR	2.00	Officer	$0	$0	$0
ISSENIEL RODRIGUEZ	DIRECTOR	2.00	Officer	$0	$0	$0
DARRELL MOORE	DIRECTOR	2.00	Officer	$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	No data	No data	No data	No data
2023	$240,388	$5,181	$1,211,149	$235,207
2022	$195,559	$9,461	$763,199	$186,098

RHODE ISLAND BUSINESS DEVELOPMENT INSTITUTE INC