RHODE ISLAND CTE TRUST ON CAREER A… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

STEPHANIE FEDERICO

Phone

4017705921

Tax Period

2020-01-01 to 2020-12-31

RHODE ISLAND CTE TRUST ON CAREER AND TECHNICAL EDUCATION, founded in 2016, is a micro nonprofit in the Human Services sector that reported $50K in total revenue in fiscal year 2020. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $48K, a strong 96% operating margin.

Mission

ESTABLISH, SUPPORT, AND EXPAND PRIVATE-SECTOR PARTICIPATION PROGRAMS TO ENHANCE CAREER AND TECHNICAL EDUCATION AT THE LOCAL LEVEL WITHIN THE STATE OF RHODE ISLAND.

Program Service Accomplishments

Program 1

Expenses: $2,043

ESTABLISH, SUPPORT, AND EXPAND PRIVATE-SECTOR PARTICIPATION PROGRAMS TO ENHANCE CAREER AND TECHNICAL EDUCATION AT THE LOCAL LEVEL WITHIN THE STATE OF RHODE ISLAND, PARTICULARLY THE PARTICIPATION OF LOCAL EMPLOYERS AND LOCAL LABOR ORGANIZATIONS IN PROVIDING FUNDING, EQUIPMENT, TRAINING, APPRENTICESHIPS, WORK-STUDY PROGRAMS, AND OTHER SERVICES THAT WILL ENHANCE STUDENT EXPERIENCES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $50,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,043

Other Expenses $2,043

TOTAL EXPENSES $2,043

Year-over-Year Comparison

	2020	2019	Change
Revenue	$50,000	$100,000	-0.5%
Expenses	$2,043	$8,055	-0.7%
Net Income	$47,957	$91,945	-0.5%

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 BISACCIA	PRESIDENT	4.00	Officer Director	$0	$0	$0
STEPHANIE FEDERICO	TREASURER	2.00	Officer Director	$0	$0	$0
BREANNA FORCE	SECRETARY	2.00	Officer Director	$0	$0	$0
MAURA DUNN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
STEFAN PRYOR	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY MANCINI	DIRECTOR	1.00	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
2020	$50,000	$2,043	$213,451	$47,957
2019	$100,000	$8,055	$165,494	$91,945
2018	No data	$189,782	$73,549	No data

RHODE ISLAND CTE TRUST ON CAREER AND TECHNICAL EDUCATION