RHODE ISLAND FOOD DEALERS ASSOCIATION (EIN 050256539) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1910

Legal Domicile

Principal Officer

SCOTT BROMBERG

Phone

4014310880

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND FOOD DEALERS ASSOCIATION, founded in 1910, is a small nonprofit that reported $120K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $183K exceeded revenue, resulting in a 52% operating deficit.

Mission

TRADE ASSOCIATION THAT SERVES THE FOOD INDUSTRY THROUGH EDUCATION, MEMBERS SERVICES AND PROVIDING A UNIFIED VOICE FOR THE INDUSTRY BEFORE STATE AND LOCAL GOVERNMENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $88,427

Investment Income $1,557

Other Revenue $30,394

TOTAL REVENUE $120,378

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $92,484

Fundraising Expenses $0

Other Expenses $85,551

TOTAL EXPENSES $183,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,378	$174,382	-0.3%
Expenses	$183,035	$204,906	-0.1%
Net Income	$-62,657	$-30,524	+1.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCA CARNEVALE	CHAIRPERSON	1.50	Officer Director	$0	$0	$0
JOE MAGGIACOMO	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
SUSAN BUDLONG	2ND VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
DARREN DEANGELIS	TREASURER	0.50	Officer Director	$0	$0	$0
HANNAH GRAHAM	SECRETARY	0.50	Officer Director	$0	$0	$0
SCOTT DANIS	PAST CHAIRPERSON EMERITUS	0.50	Officer Director	$0	$0	$0
SCOTT BROMBERG	PRESIDENT/EXECUTIVE DIRECTOR	40.00	Officer	$85,000	$0	$85,000

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	No data	No data	No data	No data
2023	$120,378	$183,035	$332,690	$-62,657
2022	$174,382	$204,906	$376,743	$-30,524
2021	$327,214	$200,508	$399,527	$126,706
2020	$217,652	$214,177	$286,054	$3,475
2019	$192,988	$222,263	$274,183	$-29,275
2018	$218,215	$224,080	$308,119	$-5,865

RHODE ISLAND FOOD DEALERS ASSOCIATION