OCEAN STATE COMMUNITY WELLNESS INC (EIN 842093602) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

JOHN CONFORTI

Phone

4015525074

Tax Period

2024-01-01 to 2024-12-31

OCEAN STATE COMMUNITY WELLNESS INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $688K in total revenue in fiscal year 2024. Expenses of $954K exceeded revenue, resulting in a 39% operating deficit.

Mission

The Center will serve residents of North Kingstown and the greater West Bay community of Rhode Island. The Center will have fitness space including group exercise classes, health and wellness education classes and programs, and youth

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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 (2024)

Revenue Breakdown

Contributions & Grants $453,609

Program Service Revenue $167,594

Investment Income $0

Other Revenue $66,644

TOTAL REVENUE $687,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $459,876

Fundraising Expenses $0

Program Expenses $808,949

Other Expenses $494,327

TOTAL EXPENSES $954,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$687,847	$650,798	+0.1%
Expenses	$954,203	$876,140	+0.1%
Net Income	$-266,356	$-225,342	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN PEARLMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK PEARLMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN ARONOW	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN CONFORTI	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD PORTNO	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	$687,847	$954,203	$1,691,537	$-266,356
2023	$650,798	$876,140	$1,816,120	$-225,342
2022	$821,538	$895,551	$2,049,137	$-74,013
2021	$651,105	$840,760	$2,124,549	$-189,655
2020	$686,111	$853,579	$2,316,111	$-167,468
2019	$153,360	$309,428	$2,352,003	$-156,068

OCEAN STATE COMMUNITY WELLNESS INC