Providence, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $327,897 | $890,365 | -0.6% |
| Expenses | $327,808 | $379,503 | -0.1% |
| Net Income | $89 | $510,862 | -1.0% |
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
Sign In| 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 |
| 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 |
Compare LitArts RI with other nonprofits in Rhode Island and across the country.