LitArts RI

EIN: 824968555 501(c)(3) Human Services

Providence, RI

Total Revenue
$327,897
Total Expenses
$327,808
Total Assets
$703,219
Net Assets
$699,918
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
RI
Principal Officer
Anne Holland
Phone
4013072450
Tax Period
2024-01-01 to 2024-12-31

LitArts RI, founded in 2018, is a small nonprofit in the Human Services sector that reported $328K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Net assets of $700K represent 26 months of operating reserves.

Mission

LitArts RI, formerly What Cheer Writers Club, supports Rhode Island's creators of the written, spoken and illustrated word through community events, free and low-cost business services, and discounted coworking space. As an umbrella organization, we serve as a centralized community connecting content creators, fans and literary organizations state-wide.Our mission is to elevate the content arts in our state by providing accessible workshops and community gatherings where writers can feel supported and known by fellow creatives and patrons of the arts. In addition, we seek to burnish Rhode Island's reputation as a literary destinationa place where content creators thrive.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $308,894
Program Service Revenue $19,003
Investment Income $0
Other Revenue $0
TOTAL REVENUE $327,897

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,902
Fundraising Expenses $21,102
Program Expenses $224,543
Other Expenses $159,906
TOTAL EXPENSES $327,808

Year-over-Year Comparison

2024 2023 Change
Revenue $327,897 $890,365 -0.6%
Expenses $327,808 $379,503 -0.1%
Net Income $89 $510,862 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
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
4
$119,160
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Holly Gaboriault Director 1.00
Director
$0 $0 $0
Dr Michelle Cruz Director 1.00
Director
$0 $0 $0
Ana Gonzalez Director 1.00
Director
$0 $0 $0
Anne Holland President 10.00
Officer
$0 $0 $0
Cynthia Holt Director 4.00
Officer
$0 $0 $0
Jillian Winters Operations Director 40.00
Officer
$42,388 $2,773 $45,161
Jodie Vinson Program Director 40.00
Officer
$69,741 $4,258 $73,999
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 $327,897 $327,808 $703,219 $89
2023 $890,365 $379,503 $707,784 $510,862
2022 $309,393 $302,703 $201,442 $6,690
2021 $221,601 $246,010 $186,623 $-24,409
2020 $219,600 $212,424 $209,914 $7,176
2019 $204,068 $208,515 $203,925 $-4,447
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