RHODE ISLAND CENTER FOR THE BOOK

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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

2018

Legal Domicile

Principal Officer

KATE LENTZ

Phone

4013740664

Tax Period

2025-01-01 to 2025-12-31

RHODE ISLAND CENTER FOR THE BOOK, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $185K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year.

Mission

TO PROMOTE PERSONAL AND COMMUNITY ENRICHMENT BY PROVIDING OPPORTUNITIES THAT ENABLE THE READING, WRITING, MAKING AND SHARING OF BOOKS.

Program Service Accomplishments

Program 1

Expenses: $23,220 Revenue: $32,276

READING ACROSS RI BRINGS TOGETHER DIVERSE READERS IN RI TO EXPLORE THEMES OF A SPECIALLY SELECTED BOOK.

Program 2

Expenses: $19,501 Revenue: $56,250

KIDS READING ACROSS RI IS A SUMMER READING INITIATIVE INVOLVING STUDENTS IN GRADES 3-6 THAT FOCUSES ON ONE SPECIAL BOOK AND PROVIDES CONTINUITY BETWEEN SCHOOL AND SUMMER READING.

Program 3

Expenses: $17,840 Revenue: $13,780

YOUTH POETRY PARTNERS WITH THE RI POET LAUREATE TO SELECT A HIGH SCHOOL STUDENT TO SERVE AS YOUTH POETRY ADVOCATE TO BRING MORE POETRY TO THE STATE'S YOUTH AND INSPIRE YOUNG PEOPLE THROUGH EXAMPLE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $167,345

Program Service Revenue $0

Investment Income $0

Other Revenue $17,825

TOTAL REVENUE $185,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,927

Fundraising Expenses $0

Program Expenses $92,156

Other Expenses $106,406

TOTAL EXPENSES $190,333

Year-over-Year Comparison

	2025	2024	Change
Revenue	$185,170	$218,613	-0.2%
Expenses	$190,333	$214,632	-0.1%
Net Income	$-5,163	$3,981	-2.3%

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

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

$78,212

Total Directors