SKILLS FOR RHODE ISLAND'S FUTURE (EIN 812807502) - 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

NINA PANDE

Phone

4016805960

Tax Period

2024-07-01 to 2025-06-30

SKILLS FOR RHODE ISLAND'S FUTURE, founded in 2016, is a mid-sized nonprofit in the Employment sector that reported $11.6M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

TO CREATE DEMAND-DRIVEN SOLUTIONS FOR EMPLOYERS TO GET UNEMPLOYED AND UNDEREMPLOYED RHODE ISLANDERS BACK TO WORK.

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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 $11,777,830

Program Service Revenue $45,631

Investment Income $-210,162

Other Revenue $0

TOTAL REVENUE $11,613,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,415,977

Fundraising Expenses $0

Program Expenses $10,686,436

Other Expenses $4,457,840

TOTAL EXPENSES $11,873,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,613,299	$21,900,274	-0.5%
Expenses	$11,873,817	$21,952,507	-0.5%
Net Income	$-260,518	$-52,233	+4.0%

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

500

Volunteers

217

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

$400,944

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANASTASIA BREGMANN	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON BROADBENT	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL PALMISANO	DIRECTOR (TO 9/25)	1.00	Director	$0	$0	$0
PATRICIA THOMPSON	TREASURER	2.00	Officer Director	$0	$0	$0
MARYANNE PELLAND	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE FEDERICO	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KERI BORBA	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE WHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFFREY LACKEY	DIRECTOR (TO 03/25)	1.00	Director	$0	$0	$0
JASON VLAUN	DIRECTOR	1.00	Director	$0	$0	$0
IMARIS VIERA VAZQUEZ	DIRECTOR (TO 06/25)	1.00	Director	$0	$0	$0
DENNIS BERGER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GIROUX	DIRECTOR	1.00	Director	$0	$0	$0
OLIVER ABREU	VP OF FINANCE & HR	40.00	Officer	$147,960	$14,388	$162,348
NINA PANDE	EXECUTIVE DIRECTOR	40.00	Officer	$215,972	$22,624	$238,596
MISHRI SHAH	DIRECTOR OF STRATEGY & DEVELOPMENT	40.00	Highest	$113,400	$12,028	$125,428
EDUARDO NAYA	VP OF MARKETING & COMM	40.00	Highest	$156,000	$7,068	$163,068
MELBA DEPENA AFFIGNE	VP OF ECONOMIC DEVELOPMENT	40.00	Highest	$160,000	$7,020	$167,020
THOMAS STREICHER	VP OF CLIENT & CAREER SERV	40.00	Highest	$167,400	$24,859	$192,259
TRACY DUFFAUT	SR. DIRECTOR OF ALUMNI SERVICES	40.00	Highest	$107,201	$20,163	$127,364

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	$11,613,299	$11,873,817	$4,463,434	$-260,518
2024	$21,900,274	$21,952,507	$6,813,022	$-52,233
2023	$9,181,340	$9,152,953	$2,454,695	$28,387
2022	$15,744,357	$15,717,394	$1,910,054	$26,963
2021	$11,174,331	$11,150,178	$3,601,484	$24,153
2020	$5,964,108	$5,883,973	$2,230,737	$80,135
2019	$3,498,611	$2,898,099	$988,426	$600,512

SKILLS FOR RHODE ISLAND'S FUTURE