RHODE ISLAND EDUCATION COLLECTIVE INC (EIN 922093075) - 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

2023

Legal Domicile

Principal Officer

VICTOR CAPELLAN

Phone

4014641333

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND EDUCATION COLLECTIVE INC, founded in 2023, is a small nonprofit in the Education sector that reported $590K in total revenue in fiscal year 2023. The organization ran a surplus of $469K, a strong 79% operating margin.

Mission

TO BRING TOGETHER A BROAD COMMUNITY BASED GROUP OF STAKEHOLDERS COMPOSED OF EDUCATIONAL LEADERS, COMMUNITY ORGANIZATIONS, FAMILIES, STUDENTS AND TEACHERS TO SEEK SOLUTIONS TO RHODE ISLANDS COMPLEX CHALLENGES AND TO SUPPORT EQUITABLE AND HIGH QUALITY EDUCATION FOR ALL STUDENTS IN RHODE ISLAND BY ENGAGING IN A MULTI-SECTORAL APPROACH.

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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 $590,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $590,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,738

Fundraising Expenses $0

Program Expenses $121,106

Other Expenses $35,368

TOTAL EXPENSES $121,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$590,000	N/A	N/A
Expenses	$121,106	N/A	N/A
Net Income	$468,894	N/A	N/A

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

N/A

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR CAPELLAN	EXECUTIVE DI	15.00	Officer Director	$60,000	$0	$60,000
DANIELLE BARRON	DIRECTOR	N/A	Director	$0	$0	$0
CLARISSA HERNANDEZ	DIRECTOR	N/A	Director	$0	$0	$0
JOSE R POLANCO	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$590,000	$121,106	$468,944	$468,894

RHODE ISLAND EDUCATION COLLECTIVE INC