RISE PREP MAYORAL ACADEMY (EIN 472487094) - 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

ROSALIND DACRUZ

Phone

4017655127

Tax Period

2024-07-01 to 2025-06-30

RISE PREP MAYORAL ACADEMY, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $11.7M in total revenue in fiscal year 2024. Expenses of $10.9M left a modest 7% surplus.

Mission

TO PROVIDE A CHARTER PUBLIC SCHOOL AS A MAYORAL ACADEMY SERVING BURRIVILLE, NORTH SMITHFIELD, AND WOONSOCKET, RHODE ISLAND

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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 $1,174,266

Program Service Revenue $9,935,191

Investment Income $5,243

Other Revenue $576,788

TOTAL REVENUE $11,691,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,223,856

Fundraising Expenses $0

Program Expenses $7,284,645

Other Expenses $3,638,496

TOTAL EXPENSES $10,862,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,691,488	$11,157,549	+0.0%
Expenses	$10,862,352	$8,586,255	+0.3%
Net Income	$829,136	$2,571,294	-0.7%

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

130

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

$502,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSALIND DACRUZ	EXECUTIVE DIRECTOR	60.00	Officer	$186,000	$0	$186,000
STEPHEN IZZI	DIRECTOR	2.00	Director	$0	$0	$0
RAYMOND LEVEILLE	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS BEAUCHAMP	BOARD CHAIR/PRESIDENT	2.00	Officer Director	$0	$0	$0
PAULETTE D HAMILTON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
THOMAS CALOURO	DIRECTOR	2.00	Director	$0	$0	$0
GEORGETA GASSEY	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN DIAS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN O'ROURKE	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN CARMELA COLARUSSO	SUPERINTENDENT	40.00	Officer	$162,900	$0	$162,900
KAT WALLER	CHIEF FINANCIAL OFFICER	50.00	Officer	$153,500	$0	$153,500

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
2025	$11,691,488	$10,862,352	$16,774,101	$829,136
2024	No data	No data	No data	No data
2023	$6,922,181	$6,793,646	$14,432,427	$128,535
2022	$6,023,422	$5,644,904	$9,963,714	$378,518
2021	$7,579,873	$4,735,796	$9,706,035	$2,844,077
2020	$4,529,142	$3,743,447	$10,028,280	$785,695
2019	$3,134,622	$2,718,083	$7,075,570	$416,539
2018	$2,071,071	$1,947,267	$518,631	$123,804

RISE PREP MAYORAL ACADEMY