BUILDING FUTURES (EIN 813939129) - 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

ANDREW CORTES

Phone

4019195919

Tax Period

2024-07-01 to 2025-06-30

BUILDING FUTURES, founded in 2016, is a community nonprofit in the Employment sector that reported $5.2M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 21% operating margin.

Mission

TO MEET EMPLOYER NEED FOR SKILLED WORKERS THROUGH REGISTERED APPRENTICESHIP (RA), CREATING EQUITABLE PATHS TO FAMILY-SUSTAINING CAREERS FOR 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 $5,053,160

Program Service Revenue $0

Investment Income $108,558

Other Revenue $12,553

TOTAL REVENUE $5,174,271

Expense Breakdown

Grants Paid $354,457

Salaries & Benefits $2,576,420

Fundraising Expenses $9,229

Program Expenses $3,489,067

Other Expenses $1,178,573

TOTAL EXPENSES $4,109,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,174,271	$5,223,022	0.0%
Expenses	$4,109,450	$4,184,115	0.0%
Net Income	$1,064,821	$1,038,907	+0.0%

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

$489,219

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY A MANCINI ESQ	CHAIR	2.00	Officer Director	$0	$0	$0
JANICE CATALDO	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT DUHAMEL	SECRETARY	2.00	Officer Director	$0	$0	$0
VANESSA CRUM	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE IANNUCCILLO	DIRECTOR	2.00	Director	$0	$0	$0
EILEEN HAYES	DIRECTOR	0.50	Director	$0	$0	$0
VENNICIA KINGSTON	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA M POWELL	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK QUINN	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW CORTES	PRESIDENT & CEO	35.00	Officer	$175,568	$28,630	$204,198
RITA HOLAHAN	COO	35.00	Officer	$144,012	$11,237	$155,249
MARIBETH MARCEAU	DIRECTOR OF FINANCE	35.00	Officer	$112,703	$17,069	$129,772
IAN CHASE	TRAINING DIRECTOR	35.00	Highest	$120,123	$24,756	$144,879

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	$5,174,271	$4,109,450	$4,434,992	$1,064,821
2024	No data	No data	No data	No data
2023	$3,532,757	$2,879,859	$2,288,703	$652,898
2022	$3,108,008	$2,352,159	$1,468,906	$755,849
2021	$2,652,461	$2,577,242	$1,135,168	$75,219
2020	$2,543,356	$2,320,888	$728,418	$222,468
2019	$2,040,824	$1,980,384	$507,902	$60,440
2018	$1,899,728	$1,885,478	$419,070	$14,250

BUILDING FUTURES