CENTRAL FALLS, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE MISSION OF RHODE ISLAND FOOD DEALERS ASSOCIATION IS TO REPRESENT THE INDUSTRY; TO ASSIST THE RETAIL AND SUPPLY MEMBERS IN INCREASING THEIR CURRENT AND FUTURE EFFECTIVENESS AND PROFITABILITY THROUGH INFORMATION, EDUCATION, AND LEGISLATIVE REPRESENTATION; AND TO EMPHASIZE A HIGH STANDARD OF INTEGRITY, QUALITY, AND EFFICIENCY IN THE CONDUCT OF THE INDUSTRY.
ANNUAL AND INTERIM MEETINGS AND PROGRAMS - TO PROVIDE ITS MEMBERS WITH INFORMATION RELATING TO INDUSTRY MATTERS TO IMPROVE SERVICES TO THEIR CUSTOMERS. PROGRAMS INCLUDE ENERGY CONSERVATION AND LOWER...
ANNUAL AND INTERIM MEETINGS AND PROGRAMS - TO PROVIDE ITS MEMBERS WITH INFORMATION RELATING TO INDUSTRY MATTERS TO IMPROVE SERVICES TO THEIR CUSTOMERS. PROGRAMS INCLUDE ENERGY CONSERVATION AND LOWER COST GROUP PROGRAMS FOR ELECTRICITY AND NATURAL GAS. IN ADDITION THE ORGANIZATION HAS PROVIDED SEMINARS AND TRAINING IN FOOD SAFETY, WIC PROGRAM REVIEWS AND SNAP PROGRAM UPDATES.
ANNUAL CONVENTION - TO INFORM MEMBERS ABOUT INDUSTRY TRENDS AND TO PROVIDE A FORUM FOR DISCUSSION AMONG MEMBERS AS TO INDUSTRY PROBLEMS AND ISSUES.
THE RHODE ISLAND FOOD DEALERS ASSOCIATION ACTIVELY UNDERTAKES MANY ISSUES OF IMPORTANCE TO OUR MEMBERSHIP BY BEING INVOLVED WITH MANY STATE REGULATORY AND SOCIAL DEPARTMENTS, AS WELL AS FEDERAL...
THE RHODE ISLAND FOOD DEALERS ASSOCIATION ACTIVELY UNDERTAKES MANY ISSUES OF IMPORTANCE TO OUR MEMBERSHIP BY BEING INVOLVED WITH MANY STATE REGULATORY AND SOCIAL DEPARTMENTS, AS WELL AS FEDERAL AGENCIES, TO GIVE OUR INPUT INTO ANY NEW OR EXISTING REGULATIONS THAT AFFECT OR MAY EFFECT OUR MEMBERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare RHODE ISLAND FOOD DEALERS ASSOCIATION with other nonprofits in Rhode Island and across the country.