THE PROVIDENCE EYE

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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

Deborah Schimberg

Phone

4014390116

Tax Period

2024-01-01 to 2024-12-31

THE PROVIDENCE EYE, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $206K in total revenue in fiscal year 2024. Revenue surged 1688% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 93% operating margin.

Mission

The Providence Eye is a nonprofit journalistic initiative devoted to informing and empowering the public about events and issues of concern to residents and visitors of Providence, RI, and environs.

Program Service Accomplishments

Program 1

Expenses: $4,454 Revenue: $0

Publish original, independent news online and produce a weekly newsletter all focused on the Providence, RI metro area.

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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 $200,701

Program Service Revenue $0

Investment Income $0

Other Revenue $5,219

TOTAL REVENUE $205,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,000

Fundraising Expenses $1,150

Program Expenses $4,454

Other Expenses $13,369

TOTAL EXPENSES $15,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,920	$11,516	+16.9%
Expenses	$15,369	$2,278	+5.7%
Net Income	$190,551	$9,238	+19.6%

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

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
Fraser Lang	President	3	Officer Director	$0	$0	$0
Christopher Barrett	Treasurer	3	Officer Director	$0	$0	$0
Marsha Miller	Secretary	5	Officer Director	$0	$0	$0
Deborah Schimberg	Director	25	Director	$0	$0	$0
Julie Van Noppen	Director	2	Director	$0	$0	$0
Joseph Baer	Director	2	Director	$0	$0	$0
Carole Saltz	Director	5	Director	$0	$0	$0
Roseanne Camacho	Director	1	Director	$0	$0	$0
Rochelle Lee	Director	1	Director	$0	$0	$0
Philip Eil	Director	1	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	$205,920	$15,369	$199,808	$190,551