Rhode Island Cares Foundation

Nonprofit profile at a glance

EIN
432107840
IRS 990-EZ coverage
2010–2017
Forms available
Form 990-EZ 2017
Location
Providence, RI, USA
Phone
4012746347
Rating
38
Verdict
REVIEW
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$58,768
Expenses
$1,995
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • STEPHANIE CHAFEE (PRESIDENT)

People named in this filing

  • STEPHANIE CHAFEE (PRESIDENT)
  • ANDREW W DAVIS (SECRETARY)
  • DOMENIC DELMONICO (DIRECTOR)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Rhode Island cares foundation was formed as a non-profit organization for the exclusive benefit of, and to support the functions of the Rhode Island free clinic, inc. The Rhode Island free clinic, inc. Is a non-profit organization that provides free, quality medical care and preventive health service to individuals who do not have health insurance or cannot afford health insurance.

What it reported doing in 2017

To support the functions of the Rhode Island free clinic, inc. The Rhode Island free clinic, inc. Is a non-profit organization that provides free, quality medical care and preventive health service to individuals who do not have health insurance or cannot afford health insurance.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 54
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 96.6%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -2.7% per year; rating input score 0; 43rd percentile among comparable filings
  • Revenue growth: 44.4% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: -4.3% per year; rating input score 0; 29th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2010 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.