RHODE ISLAND TURNPIKE AND BRIDGE FOUNDATION (EIN 811360274) - 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

2016

Legal Domicile

Principal Officer

STEPHEN C WALUK

Phone

4014230800

Tax Period

2024-07-01 to 2025-06-30

RHODE ISLAND TURNPIKE AND BRIDGE FOUNDATION, founded in 2016, is a small nonprofit in the Human Services sector that reported $235K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $259K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE RHODE ISLAND TURNPIKE AND BRIDGE FOUNDATION'S MISSION IS TO SUPPORT LOCAL COMMUNITIES AND NONPROFIT ORGANIZATIONS THAT HAVE A POSITIVE IMPACT ON THE LIVES OF RHODE ISLANDERS.

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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 $68,396

Program Service Revenue $0

Investment Income $0

Other Revenue $166,779

TOTAL REVENUE $235,175

Expense Breakdown

Grants Paid $136,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,700

Other Expenses $122,753

TOTAL EXPENSES $259,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,175	$261,747	-0.1%
Expenses	$259,453	$255,132	+0.0%
Net Income	$-24,278	$6,615	-4.7%

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

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
EARL J CROFT III	BOARD MEMBER	N/A	Director	$0	$0	$0
JUDITH M MORSE	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
WILLIAM E O'GARA	SECRETARY	N/A	Officer Director	$0	$0	$0
RICHARD O'NEILL	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHEN C WALUK	CHAIR	N/A	Officer 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	$235,175	$259,453	$41,256	$-24,278
2023	$222,864	$227,529	$51,918	$-4,665
2022	$126,806	$147,983	$83,455	$-21,177
2021	$-6,000	$5,972	$117,929	$-11,972
2020	$115,325	$132,137	$82,734	$-16,812
2019	$152,134	$147,203	$119,901	$4,931
2018	$144,145	$118,670	$127,821	$25,475

RHODE ISLAND TURNPIKE AND BRIDGE FOUNDATION