JANE ADDAMS RESOURCE CORPORATION -… - 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

2022

Legal Domicile

Principal Officer

REGAN BREWER JOHNSON

Phone

7737289769

Tax Period

2024-07-01 to 2025-06-30

JANE ADDAMS RESOURCE CORPORATION - RHODE ISLAND, founded in 2022, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROMOTE STRONG COMMUNITIES, BUSINESSES AND HOUSEHOLDS TO ENSURE THAT PEOPLE WHO WORK DO NOT LIVE IN POVERTY.

Program Service Accomplishments

Program 1

Expenses: $474,433 Revenue: $13,295

COMPUTER NUMERICAL CONTROL (CNC) FAST TRACK - THE CNC FAST TRACK PROGRAM OFFERS 500 HOURS ( 20 WEEKS) OF HANDS-ON CNC MACHINE TRAINING. THE CURRICULUM PREPARES STUDENTS FOR ENTRY-LEVEL CNC OPERATOR POSITIONS BUT ALSO TRAINS STUDENTS IN SKILL SETS THAT ALLOW THEM TO ADVANCE UP THE CAREER LADDER INTO POSITIONS SUCH AS CNC SET-UP, PROGRAMMING AND QUALITY CONTROL.

Program 2

Expenses: $419,393 Revenue: $11,752

MANUFACTURING BRIDGE - THE PROGRAM PREPARES JOB SEEKERS FOR ADVANCED MANUFACTURING TRAINING PROGRAMS, SUCH AS CNC AND WELDING FAST TRACK PROGRAMS, OR FOR ENTRY LEVEL EMPLOYMENT IN MANUFACTURING OR...

MANUFACTURING BRIDGE - THE PROGRAM PREPARES JOB SEEKERS FOR ADVANCED MANUFACTURING TRAINING PROGRAMS, SUCH AS CNC AND WELDING FAST TRACK PROGRAMS, OR FOR ENTRY LEVEL EMPLOYMENT IN MANUFACTURING OR CONSTRUCTION. THE PROGRAM OFFERS 192 HOURS (12 WEEKS) OF TRAINING.

Program 3

Expenses: $160,079 Revenue: $4,486

WELDING FAST TRACK - THE WELDING FAST TRACK PROGRAM OFFERS 500 HOURS (20 WEEKS) OF HANDS-ON TRAINING, FOCUSED ON SHIELDED ARC WELDING (SMAW OR STICK). TRAINEES ARE ALSO ABLE TO DEVELOP SOME BASIC...

WELDING FAST TRACK - THE WELDING FAST TRACK PROGRAM OFFERS 500 HOURS (20 WEEKS) OF HANDS-ON TRAINING, FOCUSED ON SHIELDED ARC WELDING (SMAW OR STICK). TRAINEES ARE ALSO ABLE TO DEVELOP SOME BASIC SKILLS IN TUNGSTEN INERT GAS (TIG) WELDING AND ROBOTIC WELDING. EXPOSURE TO OTHER TYPES OF WELDING MAKES TRAINEES MORE ATTRACTIVE TO EMPLOYERS AND SUPPORTS THEIR CAREER ADVANCEMENT.

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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 $996,186

Program Service Revenue $32,100

Investment Income $0

Other Revenue $48,851

TOTAL REVENUE $1,077,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $587,128

Fundraising Expenses $19

Program Expenses $1,145,529

Other Expenses $644,359

TOTAL EXPENSES $1,231,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,077,137	$1,500,367	-0.3%
Expenses	$1,231,487	$981,529	+0.3%
Net Income	$-154,350	$518,838	-1.3%

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

$273,028

Total Directors

$98,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY PHILLIPS	CHAIR	2.00	Officer Director	$10,023	$0	$84,285
DARNELL SHIELDS CHICAGO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TEAERA STRUM BALTIMORE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LINDSEY BRICKLE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANDREW BRAY	SECRETARY	2.00	Officer Director	$0	$0	$0
BRETT MUELLER	TREASURER	2.00	Officer Director	$0	$0	$0
COLIN COSGROVE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA DWORAK	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CROWE	DIRECTOR	1.00	Director	$0	$0	$14,138
SEQUANE LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN-PAUL PAONESSA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SHADLE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH RIO	ASSOCIATE BOARD LIAISON	1.00	Director	$0	$0	$0
GARY H SMITH	DIRECTOR	1.00	Director	$0	$0	$0
REGAN BREWER JOHNSON	PRESIDENT	17.50	Officer	$0	$19,756	$188,743

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
2025	$1,077,137	$1,231,487	$1,431,044	$-154,350
2024	No data	No data	No data	No data
2023	$812,585	$877,469	$1,218,710	$-64,884

JANE ADDAMS RESOURCE CORPORATION - RHODE ISLAND