GREATER NEWPORT CHAMBER OF COMMERCE

EIN: 050190960

NEWPORT, RI

Total Revenue
$613,400
Total Expenses
$658,539
Total Assets
$724,420
Net Assets
$423,074
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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
1920
Legal Domicile
RI
Principal Officer
ERIN DONOVAN-BOYLE
Phone
4018471608
Tax Period
2023-01-01 to 2023-12-31

GREATER NEWPORT CHAMBER OF COMMERCE, founded in 1920, is a small nonprofit that reported $613K in total revenue in fiscal year 2023.

Mission

PROMOTE ECONOMIC, CIVIC, AND SOCIAL WELFARE OF THE PEOPLE OF NEWPORT COUNTY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $351,658
Program Service Revenue $175,826
Investment Income $11,898
Other Revenue $74,018
TOTAL REVENUE $613,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $492,497
Fundraising Expenses $0
Other Expenses $166,042
TOTAL EXPENSES $658,539

Year-over-Year Comparison

2023 2022 Change
Revenue $613,400 $606,346 +0.0%
Expenses $658,539 $637,205 +0.0%
Net Income $-45,139 $-30,859 +0.5%
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

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Governance

Voting Members
34
Independent Members
34
Employees
6
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
7
$120,244
Total Directors
33
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIN DONOVAN-BOYLE PRESIDENT & 40.00
Officer
$120,244 $0 $120,244
GAIL ALOFSIN EXECUTIVE CO 1.00
Director
$0 $0 $0
CJ BARONE DIRECTOR 0.50
Director
$0 $0 $0
ORLA BRANDOS DIRECTOR 0.50
Director
$0 $0 $0
KIM CAIRO DIRECTOR 0.50
Director
$0 $0 $0
BILL CARDINAL DIRECTOR 0.50
Director
$0 $0 $0
LAURA CORISTINE DIRECTOR 0.50
Director
$0 $0 $0
RICHARD CROMWELL TREASURER 1.25
Officer Director
$0 $0 $0
BILL DEWITT DIRECTOR 0.50
Director
$0 $0 $0
MORGAN EVERSON DIRECTOR 0.50
Director
$0 $0 $0
FRANK FLANAGAN DIRECTOR 0.50
Director
$0 $0 $0
MATT GIRARD DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH NICHOLSON JR DIRECTOR 0.50
Director
$0 $0 $0
ROCKY KEMPENAAR DIRECTOR 0.50
Director
$0 $0 $0
SANDY KRISTIANSSON DIRECTOR 0.50
Director
$0 $0 $0
REBECCA LEBLANC DIRECTOR 0.50
Director
$0 $0 $0
MARY JOY LU DIRECTOR 0.50
Director
$0 $0 $0
MOLLY MAGEE DIRECTOR 0.50
Director
$0 $0 $0
LELAND MERRILL SECRETARY 1.25
Officer Director
$0 $0 $0
MICHAEL MONTI DIRECTOR 0.50
Director
$0 $0 $0
KEVIN O'LEARY DIRECTOR 0.50
Director
$0 $0 $0
CRISTINA OFFENBERG LEGAL COUNSE 1.25
Officer Director
$0 $0 $0
JENNY PARTRIDGE DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH PRATT CHAIRMAN EX 1.25
Officer Director
$0 $0 $0
LISA RAIOLA DIRECTOR 0.50
Director
$0 $0 $0
EVAN ROSE DIRECTOR 0.50
Director
$0 $0 $0
CRAIG SCULOS DIRECTOR 0.50
Director
$0 $0 $0
EVAN SMITH EX OFFICIO 0.50
Director
$0 $0 $0
TOBIAS STAPLETON DIRECTOR 0.50
Director
$0 $0 $0
ANDREW TAVARES CHAIRMAN 1.25
Officer Director
$0 $0 $0
NATHAN TILMAN DIRECTOR 0.50
Director
$0 $0 $0
MELISSA VARAO VICE CHAIR 1.25
Officer Director
$0 $0 $0
MATT VARGAS EXECUTIVE CO 1.00
Director
$0 $0 $0
RICHARD WILLIS DIRECTOR 0.50
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
2023 $613,400 $658,539 $724,420 $-45,139
2022 $606,346 $637,205 $782,544 $-30,859
2021 $720,886 $654,853 $814,195 $66,033
2020 $747,070 $621,914 $771,256 $125,156
2018 $931,109 $736,817 $870,165 $194,292
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