RHODE ISLAND FARM BUREAU FEDERATION INC

EIN: 050276860

W GREENWICH, RI

Total Revenue
$166,156
Total Expenses
$292,734
Total Assets
$1,537,899
Net Assets
$1,535,336
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
RI
Principal Officer
HENRY WRIGHT III
Phone
4013853339
Tax Period
2023-01-01 to 2023-12-31

RHODE ISLAND FARM BUREAU FEDERATION INC, founded in 1953, is a small nonprofit that reported $166K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $293K exceeded revenue, resulting in a 76% operating deficit.

Mission

AGRICULTURAL ADVOCACY - FUNDS FROM ALL SOURCES USED TO IMPROVE AGRICULTURAL INDUSTRY IN STATE OF RHODE ISLAND AND SUPPORT OF THE RHODE ISLAND FARM BUREAU LAND TRUST.

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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 $1,197
Program Service Revenue $60,555
Investment Income $72,638
Other Revenue $31,766
TOTAL REVENUE $166,156

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,044
Fundraising Expenses $0
Program Expenses $292,734
Other Expenses $185,690
TOTAL EXPENSES $292,734

Year-over-Year Comparison

2023 2022 Change
Revenue $166,156 $245,907 -0.3%
Expenses $292,734 $345,330 -0.2%
Net Income $-126,578 $-99,423 +0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUIS VINAGRO JR DIRECTOR 0.00
Director
$0 $0 $0
PETER GAVITT DIRECTOR 0.00
Director
$0 $0 $0
WILLIAM STAMP III DIRECTOR 0.00
Director
$0 $0 $0
EDWIN LAPRISE DIRECTOR 0.00
Director
$0 $0 $0
BRENDA FREDERICKSON DIRECTOR 0.00
Director
$0 $0 $0
DONALD HOPKINS DIRECTOR 0.00
Director
$0 $0 $0
JEAN HELGER-BENTO DIRECTOR 0.00
Director
$0 $0 $0
ANN MARIE BOUTHILLETTE DIRECTOR 0.00
Director
$0 $0 $0
JOE POLSENO DIRECTOR 0.00
Officer Director
$0 $0 $0
MAGGIE LAPRISE COLE YOUNG AG PROFESSIONAL CHAI 0.00
Director
$0 $0 $0
CHANDLER NEALE DIRECTOR 0.00
Director
$0 $0 $0
ROB SWANSON DIRECTOR 0.00
Director
$0 $0 $0
TIMOTHY GALLAGHER SECRETARY 0.00
Officer
$0 $0 $0
KEVIN BREENE VICE PRESIDENT 0.00
Officer
$0 $0 $0
SUSANNA CAMACHO TREASURER 0.00
Officer
$0 $0 $0
HENRY B WRIGHT III PRESIDENT 0.00
Officer
$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
2024 No data No data No data No data
2023 $166,156 $292,734 $1,537,899 $-126,578
2022 $245,907 $345,330 $1,562,144 $-99,423
2021 $239,536 $276,440 $1,965,180 $-36,904
2020 $177,005 $345,633 $1,842,968 $-168,628
2019 $236,690 $307,526 $1,970,912 $-70,836
2018 $308,172 $312,347 $1,862,645 $-4,175
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