AQUIDNECK ISLAND PLANNING COMMISSI… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

STEPHEN D JOHNSON

Phone

4018459299

Tax Period

2023-07-01 to 2024-06-30

AQUIDNECK ISLAND PLANNING COMMISSION, founded in 1985, is a micro nonprofit in the Community Improvement sector that reported $18K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $33K exceeded revenue, resulting in a 81% operating deficit.

Mission

AIPC WORKS TO PRESERVE AND IMPROVE THE ENVIRONMENT, ECONOMY AND QUALITY OF LIFE ON AQUIDNECK ISLAND TO ENSURE THAT THE ISLAND REMAINS A GREAT PLACE TO LIVE, WORK, PLAY AND THRIVE.

Program Service Accomplishments

Program 1

Expenses: $6,740

DURING FY24, AIPC COMPLETED THE LAST OF THE REQUIRED CLOSING ACTIONS FOR THE NEARLY $2.3 MILLION "ISLAND WATERS" WET VEGETATED TREATMENT SYSTEMS (WVTS) WHICH HAVE IMPROVED STORMWATER MANAGEMENT...

DURING FY24, AIPC COMPLETED THE LAST OF THE REQUIRED CLOSING ACTIONS FOR THE NEARLY $2.3 MILLION "ISLAND WATERS" WET VEGETATED TREATMENT SYSTEMS (WVTS) WHICH HAVE IMPROVED STORMWATER MANAGEMENT WITHIN THE ISLAND'S WATERSHEDS, THUS REDUCING WATER POLLUTION RUNOFF INTO AQUIDNECK ISLAND RESERVOIRS AND NARRAGANSETT BAY. AIPC ALSO CLOSED OUT THE 2019 VAN BEUREN CHARITABLE FOUNDATION PLANNING AND COMMUNICATIONS GRANT IN SUPPORT OF THE ISLAND WATERS 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 $18,000

Program Service Revenue $0

Investment Income $1

Other Revenue $147

TOTAL REVENUE $18,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,740

Other Expenses $32,778

TOTAL EXPENSES $32,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,148	$36,168	-0.5%
Expenses	$32,778	$127,223	-0.7%
Net Income	$-14,630	$-91,055	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA ANDREOLA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ANDREWS	DIRECTOR (THRU 8/23)	1.00	Director	$0	$0	$0
CHRISTIAN BELDEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK DONAHUE	DIRECTOR AND SECRETARY	2.00	Officer Director	$0	$0	$0
TERRI FLYNN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN JOHNSON	DIRECTOR, CHAIR AND TREASURER	5.00	Officer Director	$0	$0	$0
ERIC MARTIN	DIRECTOR (THRU 12/23)	1.00	Director	$0	$0	$0
CANDICE MEDEIROS	DIRECTOR (4/24 THRU 5/24)	1.00	Director	$0	$0	$0
MICHAEL MINEAU	DIRECTOR (FROM 8/23)	2.00	Director	$0	$0	$0
THEODORE PIETZ	DIRECTOR AND VICE CHAIR (THRU 3/24)	5.00	Officer Director	$0	$0	$0
JENNIFER ROACH	DIRECTOR (8/23 THRU 12/23)	1.00	Director	$0	$0	$0
JEFFREY STAATS	DIRECTOR	1.00	Director	$0	$0	$0

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	$18,148	$32,778	$7,098	$-14,630
2023	$36,168	$127,223	$33,238	$-91,055
2022	$1,307,204	$1,219,957	$967,844	$87,247
2021	$474,204	$523,353	$54,477	$-49,149
2020	$199,612	$190,201	$98,579	$9,411
2019	$248,634	$310,437	$155,600	$-61,803

AQUIDNECK ISLAND PLANNING COMMISSION