PARTNERSHIP FOR RHODE ISLAND

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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

DAVID CICILLINE

Phone

4012474007

Tax Period

2023-01-01 to 2023-12-31

PARTNERSHIP FOR RHODE ISLAND, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE CORPORATION WILL BRING TOGETHER CHIEF EXECUTIVE OFFICERS FROM RI LEADING BUSINESSES AND INSTITUTIONS TO BRING ABOUT CIVIC BETTERMENTS, TACKLE SYSTEM ISSUES AND ACHIEVE LASTING IMPROVEMENT IN THE STATE'S ECONOMY IN COLLABORATION WITH PUBLIC OFFICIALS AND BUSINESS CIVIC LEADERS

Program Service Accomplishments

Program 1

Expenses: $1,277,907 Revenue: $1,250,000

THE LEAD RI PARTNERSHIP PROGRAM WAS ESTABLISHED TO PROVIDE LEADERSHIP TRAINING TO EDUCATIONAL ADMINISTRATORS IN RHODE ISLAND. IN 2022 THE PARTNERSHIP FOR RHODE ISLAND STARTED THE COMPETE RI PROJECT...

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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 (2023)

Revenue Breakdown

Contributions & Grants $125,607

Program Service Revenue $1,250,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,375,607

Expense Breakdown

Grants Paid $208,788

Salaries & Benefits $370,770

Fundraising Expenses $0

Program Expenses $1,277,907

Other Expenses $811,583

TOTAL EXPENSES $1,391,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,375,607	$1,248,587	+0.1%
Expenses	$1,391,141	$1,095,243	+0.3%
Net Income	$-15,534	$153,344	-1.1%

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

$309,163

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GALVIN	PRESIDENT (AS OF 6/23)	1.00	Officer Director	$0	$0	$0
THOMAS GILBANE	VICE PRESIDENT (AS OF 6/23)	1.00	Officer Director	$0	$0	$0
CHRISTINA PAXSON	SECRETARY (AS OF 6/23)	1.00	Officer Director	$0	$0	$0
NEIL STEINBERG	TREASURER (TO 6/23)	1.00	Officer Director	$0	$0	$0
DAVID CICILLINE	TREASURER (AS OF 7/23)	1.00	Officer Director	$0	$0	$0
JONATHAN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE VAN SAUN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT VINCENT	DIRECTOR	1.00	Director	$0	$0	$0
MARTH WOOFORD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
VINCE SADUSKY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS COCKS	DIRECTOR (AS OF 10/23)	1.00	Director	$0	$0	$0
BRIAN MOYNIHAN	DIRECTOR	1.00	Director	$0	$0	$0
TED SHALLCROSS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FERNANDEZ	DIRECTOR (AS OF 7/23)	1.00	Director	$0	$0	$0
THOMAS GIORDANO	EXECUTIVE DIRECTOR	40.00	Officer	$273,231	$35,932	$309,163

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	No data	No data	No data	No data
2023	$1,375,607	$1,391,141	$1,983,043	$-15,534
2022	$1,248,587	$1,095,243	$2,442,025	$153,344
2021	$1,300,339	$1,409,030	$1,518,554	$-108,691
2020	$1,000,000	$1,364,151	$2,164,177	$-364,151
2019	$1,400,000	$866,772	$2,203,963	$533,228
2018	$1,200,000	$595,596	$1,471,516	$604,404