Operation Stand Down Rhode Island

Nonprofit profile at a glance

EIN
050475772
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Johnston, RI, USA
Phone
4013734730
Rating
87
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$5,176,493
Expenses
$5,186,649
Assets
$5,999,157
Liabilities
$2,352,836

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • ERIK WALLIN ESQ (EXECUTIVE DIRECTOR)
  • ANTHONY DEQUATTRO (PRESIDENT/CHAIRMAN)

People named in this filing

  • ERIK WALLIN ESQ (EXECUTIVE DIRECTOR)
  • ANTHONY DEQUATTRO (PRESIDENT/CHAIRMAN)
  • RICHARD LEVESQUE (VP)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Operation stand down Rhode Island (osdri) is an independent 501 (c) (3) nonprofit organization whose mission is to provide a "hand up, not a hand out." the mission is to strengthen the veteran community by providing crucial wrap around services.

What it reported doing in 2024

Throughout america's history, it has been our military members' training, values, leadership, teamwork, and "can do attitude" that carried our nation through great challenges of our times. These same skills make veterans good for an employer's bottom line. Despite these invaluable attributes, our veterans face many challenges in reintegrating into the workforce. Whether it is limited "in-demand" work skills, unstable housing, physical or emotional injuries, the organization's veteran employment and training specialists can help. The organization is able to work with all veterans in need of work through both private and state grant programs. The real pathways program administered by the organization is funded in part by funds received through the governor's workforce board "real pathways ri program." real pathways ri is a workforce development initiative designed to address employement challenges of individuals with barriers to employment. Combining the resources of the organizations 66 units of permanent and transitional housing for homeless disabled veterans, the ssvf, and the real pathways programs, the organization implements the "whole veteran" approach focusing on removing barriers to employment. The organization's real pathways employment and training program is focused on providing veterans the employemnt and training services they need in order to re-enter the labor force. Job placement, training, job development, career counseling, and resume preparation, are among the services that are provided. Supportive services such as clothing, temporary financial assistance with housing, referral to medical and substance abuse treatment, childcare, legal assistance, and transportation coordination are also provided to meet the needs of this target group. All veterans and veteran spouses are eligible for employment and training assistance. Some types of assistance under the program may be limited based income.

Operating model

Revenue model
Grant-funded. 68% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.4%; rating input score 96
  • Program expense ratio: 96.2%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.2%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 1.16; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 11.5% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 10.6% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 96.4% of revenue deployed · 96.2% of spending went to programs
  • Governance: 11 of 12 board members independent · 7 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $5M in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 32/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.