CLOTHES TO KIDS RI INC

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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

PETER G BARTON

Phone

4019418050

Tax Period

2024-01-01 to 2024-12-31

CLOTHES TO KIDS RI INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $609K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO PROVIDE NEW AND QUALITY USED CLOTHING TO LOW-INCOME OR IN-CRISIS, SCHOOL-AGE CHILDREN IN PROVIDENCE COUNTY, RHODE ISLAND, FREE OF CHARGE.

Program Service Accomplishments

Program 1

Expenses: $589,346 Revenue: $0

CLOTHES TO KIDS RI, INC. (CTKRI) BEGAN ITS NINTH YEAR OF OPERATIONS IN 2024 AND PROVIDED 2,388 WARDROBES TO LOW-TO-MODERAGE INCOME CHILDREN THROUGHOUT PROVIDENCE COUNTY, RHODE ISLAND. OPERATIONS ARE CARRIED ON BY TWO VERY DEDICATED STAFF AND A TEAM OF 38 (AND GROWING) LOYAL VOLUNTEERS. DURING 2024, CTKRI ENTERED INTO AN AGREEMENT WITH FAMILY SERVICES RHODE ISLAND TO PROVIDE GRANTWRITING SERVICES, SEEKING TO UNLOCK ADDITIONAL FUNDING OPPORTUNITIES WHICH WILL ENABLE THEM TO PROVIDE BRIGHTER EDUCATIONAL EXPERIENCES AND FUTURES FOR EVEN MORE CHILDREN. OF OUR TWO PART-TIME STAFF MEMBERS AND THE UNWAVERING COMMITMENT BY OUR 30-35 LOYAL VOLUNTEERS.

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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 $602,030

Program Service Revenue $0

Investment Income $-471

Other Revenue $7,436

TOTAL REVENUE $608,995

Expense Breakdown

Grants Paid $461,092

Salaries & Benefits $63,412

Fundraising Expenses $0

Program Expenses $589,346

Other Expenses $84,659

TOTAL EXPENSES $609,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$608,995	$367,375	+0.7%
Expenses	$609,163	$418,657	+0.5%
Net Income	$-168	$-51,282	-1.0%

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

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
PETER BARTON	PRESIDENT & TREASURER	20.00	Officer Director	$0	$0	$0
MARY BETH NUNNERY	SECRETARY	3.00	Officer Director	$0	$0	$0
EVA-MARIE MANCUSO	EX OFFICIO; DIRECTOR	3.00	Director	$0	$0	$0
SEAN FEENEY	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE MCKEE	DIRECTOR	2.00	Director	$0	$0	$0
CAROL A READ	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE A ZAINYEH	DIRECTOR	2.00	Director	$0	$0	$0
YVETTE BOISCLAIR	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN MILLER	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$608,995	$609,163	$290,904	$-168
2023	$367,375	$418,657	$291,072	$-51,282
2022	$688,833	$700,039	$342,353	$-11,206
2021	$668,496	$622,175	$353,559	$46,321
2020	$440,349	$405,620	$307,238	$34,729
2019	$537,742	$485,519	$272,730	$52,223
2018	$805,346	$713,839	$221,166	$91,507