DESIGNXRI (EIN 471269955) - 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

NICHOLAS SCAPPATICCI

Phone

4014270811

Tax Period

2023-01-01 to 2023-12-31

DESIGNXRI, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $728K in total revenue in fiscal year 2023. Expenses of $834K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO CREATE AN OPPORTUNITY-DRIVEN ENVIRONMENT FOR RI DESIGNERS, DESIGN BUSINESSES, AND THE DESIGN SECTOR TO THRIVE

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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 $702,610

Program Service Revenue $500

Investment Income $3,648

Other Revenue $21,600

TOTAL REVENUE $728,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $354,161

Fundraising Expenses $1,499

Program Expenses $425,870

Other Expenses $480,141

TOTAL EXPENSES $834,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$728,358	$717,315	+0.0%
Expenses	$834,302	$684,058	+0.2%
Net Income	$-105,944	$33,257	-4.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY DEVERS	DIRECTOR	1.00	Director	$0	$0	$0
KIRTLEY FISHER	DIRECTOR	1.00	Director	$0	$0	$0
WENDY MOMA MICHEL	DIRECTOR	1.00	Director	$0	$0	$0
KAREN JO LEE	DIRECTOR	1.00	Director	$0	$0	$0
MOISES VALCARCEL GONZALES	DIRECTOR	1.00	Director	$0	$0	$0
SOPHIE WESTON CHIEN	DIRECTOR	1.00	Director	$0	$0	$0
MANAN NARANG	DIRECTOR	1.00	Director	$0	$0	$0
YEMI SEKONI	DIRECTOR	1.00	Director	$0	$0	$0
NICK SCAPPATICCI	PRESIDENT	1.00	Officer	$0	$0	$0
SARA OSSANA	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DEBORAH MCDONOUGH	TREASURER	1.00	Officer	$0	$0	$0
KEITH RANALDI	SECRETARY	1.00	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	$728,358	$834,302	$206,415	$-105,944
2022	$717,315	$684,058	$356,462	$33,257
2021	$438,165	$491,158	$335,398	$-52,993
2020	$866,634	$865,285	$468,253	$1,349
2019	$712,076	$679,963	$213,230	$32,113
2018	$628,368	$590,317	$232,715	$38,051

DESIGNXRI