Rhode Island Track And Field Foundation
Rhode Island Track And Field Foundation: Declining Assets, Minimal Revenue
EIN: 222532942 · North Kingstown, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $32K |
| Net Assets | $57K |
| Transparency Score | 45/100 |
Is Rhode Island Track And Field Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rhode Island Track And Field Foundation
Rhode Island Track And Field Foundation (EIN: 222532942) is a nonprofit organization based in North Kingstown, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Track And Field Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Track And Field Foundation is a micro nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of -20.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $32K |
| Surplus / Deficit | $-11,952 |
| Total Assets | $57K |
| Total Liabilities | $1 |
| Net Assets | $57K |
| Operating Margin | -59.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 21.2 months |
Financial Health Grade: B
In 2016, Rhode Island Track And Field Foundation reported a deficit of $12K with expenses exceeding revenue, holds 21.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2012–2016), Rhode Island Track And Field Foundation's revenue has declined at a compound annual growth rate (CAGR) of -20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +1.2% | +19.4% | -17.4% |
| 2015 | -0.5% | -24.0% | -9.2% |
| 2014 | -59.9% | -2.8% | -16.9% |
| 2013 | -1.0% | -30.8% | +17.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rhode Island Track And Field Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Rhode Island Track And Field Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures are reported in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rhode Island Track And Field Foundation's IRS 990 filings:
- Zero revenue reported across all available years (2012-2016), raising questions about operational funding.
- Zero program service expenses reported, suggesting a lack of direct charitable impact.
- Consistent decline in assets without corresponding program activity or revenue generation.
- Lack of clarity on how the organization sustains itself or plans to achieve its mission with no reported income.
Strengths
The following positive indicators were identified for Rhode Island Track And Field Foundation:
- Maintains tax-exempt status despite minimal activity.
Frequently Asked Questions about Rhode Island Track And Field Foundation
Is Rhode Island Track And Field Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Track And Field Foundation (EIN: 222532942) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Rhode Island Track And Field Foundation spend its money?
Detailed spending breakdown data is not yet available for Rhode Island Track And Field Foundation. Check back for updated IRS 990 analysis.
Are donations to Rhode Island Track And Field Foundation tax-deductible?
Rhode Island Track And Field Foundation is registered as a tax-exempt nonprofit (EIN: 222532942). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rhode Island Track And Field Foundation located?
Rhode Island Track And Field Foundation is headquartered in North Kingstown, Rhode Island and files with the IRS under EIN 222532942.
How many years of IRS 990 filings does Rhode Island Track And Field Foundation have?
Rhode Island Track And Field Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Rhode Island Track And Field Foundation do?
Rhode Island Track And Field Foundation is a nonprofit organization in the Unknown sector, located in North Kingstown, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Rhode Island Track And Field Foundation have?
Rhode Island Track And Field Foundation reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Rhode Island Track And Field Foundation's total assets?
Rhode Island Track And Field Foundation holds total assets of N/A as reported in IRS 990 filings.
Where is Rhode Island Track And Field Foundation located?
Rhode Island Track And Field Foundation is based in North Kingstown, Rhode Island.
What is Rhode Island Track And Field Foundation's EIN?
Rhode Island Track And Field Foundation's Employer Identification Number (EIN) is 222532942. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rhode Island Track And Field Foundation?
Rhode Island Track And Field Foundation is classified under NTEE code Unknown (Unknown).
Is Rhode Island Track And Field Foundation a registered 501(c)(3)?
Rhode Island Track And Field Foundation appears in IRS records (EIN: 222532942). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Rhode Island Track And Field Foundation file IRS Form 990?
Yes, Rhode Island Track And Field Foundation has 5 IRS Form 990 filings on record. The most recent covers tax period 201602.
What was Rhode Island Track And Field Foundation's revenue in 2016?
In the 201602 filing period, Rhode Island Track And Field Foundation reported total revenue of $20,239, total expenses of $32,191, and net assets of $56,824.
Is Rhode Island Track And Field Foundation's revenue growing or declining?
Rhode Island Track And Field Foundation's revenue is relatively stable. Revenue went from $20,005 (201502) to $20,239 (201602), a +1.2% change. Based on 5 filings on record.
What is Rhode Island Track And Field Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Rhode Island Track And Field Foundation covers tax period 201602. It shows revenue of $20,239, expenses of $32,191, total assets of $56,824, and liabilities of $1.
Is Rhode Island Track And Field Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Rhode Island Track And Field Foundation shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Rhode Island Track And Field Foundation?
The following concerns were identified: Zero revenue reported across all available years (2012-2016), raising questions about operational funding.. Zero program service expenses reported, suggesting a lack of direct charitable impact.. Consistent decline in assets without corresponding program activity or revenue generation.. Lack of clarity on how the organization sustains itself or plans to achieve its mission with no reported income.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rhode Island Track And Field Foundation's strengths?
Positive indicators for Rhode Island Track And Field Foundation include: Maintains tax-exempt status despite minimal activity.. These findings are derived from AI analysis of the organization's financial filings.
How does Rhode Island Track And Field Foundation compensate executives?
Executive compensation cannot be assessed as no compensation figures are reported in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of zero revenue and zero program expenses, what is the actual operational status and purpose of the Rhode Island Track And Field Foundation?
The filings suggest the organization is largely inactive in terms of generating income or conducting direct charitable programs, primarily holding and slowly depleting assets.
How does the organization manage to cover any administrative or compliance costs without reporting any revenue?
It's likely that any minimal administrative costs are being covered by the existing asset base, which has been steadily declining over the years.
Filing History
IRS 990 filing history for Rhode Island Track And Field Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Rhode Island Track And Field Foundation's revenue has declined by 60%, moving from $51K to $20K. Total assets decreased by 26.7% over the same period, from $78K to $57K. Total functional expenses fell by 39%, from $53K to $32K. In its most recent filing year (2016), Rhode Island Track And Field Foundation reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1 in liabilities against $57K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $57K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $20K | $32K | $57K | $1 | — | View 990 |
| 2015 | $20K | $27K | $69K | $1 | — | View 990 |
| 2014 | $20K | $36K | $76K | $1 | — | View 990 |
| 2013 | $50K | $37K | $91K | $1 | — | View 990 |
| 2012 | $51K | $53K | $78K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $20K, expenses of $32K, and assets of $57K (revenue +1.2% year-over-year).
- 2015: Revenue of $20K, expenses of $27K, and assets of $69K (revenue -0.5% year-over-year).
- 2014: Revenue of $20K, expenses of $36K, and assets of $76K (revenue -59.9% year-over-year).
- 2013: Revenue of $50K, expenses of $37K, and assets of $91K (revenue -1.0% year-over-year).
- 2012: Revenue of $51K, expenses of $53K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Track And Field Foundation:
Data Sources and Methodology
This transparency report for Rhode Island Track And Field Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.