RHODE ISLAND PORTS COALITION

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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

PATRICIA N TESTA

Phone

4014848067

Tax Period

2024-01-01 to 2024-12-31

RHODE ISLAND PORTS COALITION, founded in 2016, is a small nonprofit in the Environment sector that reported $242K in total revenue in fiscal year 2024. Expenses of $208K left a modest 14% surplus.

Mission

TO SUPPORT THE PRESERVATION AND EXPANSION OF THE PORT AND MARITIME INDUSTRIES IN RHODE ISLAND.

Program Service Accomplishments

Program 1

Expenses: $206,568

TO SUPPORT THE PRESERVATION AND EXPANSION OF PORT AND MARITIME INDUSTRIES IN RHODE ISLAND, TO INFORM THE POLICY DISCUSSION AND EDUCATE THE PUBLIC ON SUBJECTS OF INTEREST AND CONCERN RELATED TO PUBLIC POLICY, TO PROMOTE CIVIC BETTERMENT, TO SUPPORT THE MARITIME BUSINESS CLIMATE IN RHODE ISLAND, TO SUPPORT MEASURES INTENDED TO PROTECT AND PROMOTE PORT AND MARITIME INDUSTRIES IN RHODE ISLAND, AND TO CONDUCT AND SUPPORT NON-PARTISAN VOTER REGISTRATION CAMPAIGNS.

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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 $241,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $241,500

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,568

Other Expenses $198,101

TOTAL EXPENSES $208,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,500	N/A	N/A
Expenses	$208,101	N/A	N/A
Net Income	$33,399	$0	N/A

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
GAVIN BLACK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN MIRANDA	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA TESTA	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER WATERSON	DIRECTOR	1.00	Director	$0	$0	$0
EVAN MATTHEWS	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
2024	$241,500	$208,101	$208,938	$33,399