RHODE ISLAND ASSOCIATION OF REALTORS INC (EIN 050316314) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Principal Officer

PHILIP B TEDESCO

Phone

4017853650

Tax Period

2024-01-01 to 2024-12-31

RHODE ISLAND ASSOCIATION OF REALTORS INC, founded in 1963, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE CONTINUING EDUCATION AND INFORMATION TO MEMBERS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,783,726

Investment Income $95,327

Other Revenue $1,768,014

TOTAL REVENUE $3,647,067

Expense Breakdown

Grants Paid $7,845

Salaries & Benefits $2,950,316

Fundraising Expenses $0

Program Expenses $3,838,284

Other Expenses $880,123

TOTAL EXPENSES $3,838,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,647,067	$3,280,816	+0.1%
Expenses	$3,838,284	$3,511,765	+0.1%
Net Income	$-191,217	$-230,949	-0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$493,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEANN D'ETTORE	DIRECTOR	1.00	Director	$0	$0	$0
SALLY HERSEY	PRESIDENT	20.00	Officer Director	$0	$0	$0
AGUEDA DEL BORGO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PEREIRA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WILLIAM FAIN	TREASURER	5.00	Officer Director	$0	$0	$0
CHRISTOPHER WHITTEN	PRESIDENT-ELECT	20.00	Officer Director	$0	$0	$0
BRYANT DA CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER PARMENIDEZ	SECRETARY	5.00	Officer Director	$0	$0	$0
BRUCE ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ANTONI	DIRECTOR	1.00	Director	$0	$0	$0
DEAN DETONNANCOURT	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA DORAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID IANNUCCILLI	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LEYS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH LUCA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KARL MARTONE	DIRECTOR	1.00	Director	$0	$0	$0
SALVATORE MOIO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCARALIA	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD STACHURSKI	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR YATSKO	DIRECTOR	1.00	Director	$0	$0	$0
JULIE FRESHMAN	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS SLOCUM	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA ROBITAILLE	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MORAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA RUSSO	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON KRASNOWIECKI	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA WARNER	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA MESENBOURG	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MCCRANN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LEMME	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
FABIOLA BRUNACHE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MORETTI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SACCOCCIO	DIRECTOR	1.00	Director	$0	$0	$0
JASON BOULAY	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP TEDESCO	CEO	40.00	Officer	$327,673	$65,714	$393,387
CLAUDIA CHAPPELLE	CFO	40.00	Officer	$90,215	$9,936	$100,151

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	$3,647,067	$3,838,284	$4,572,701	$-191,217
2023	$3,280,816	$3,511,765	$4,581,399	$-230,949
2022	$3,503,299	$3,380,837	$4,745,040	$122,462
2021	$3,323,074	$3,225,411	$5,016,397	$97,663
2020	$3,380,052	$3,277,423	$4,761,054	$102,629
2019	$3,158,092	$3,192,990	$4,611,643	$-34,898
2018	$3,086,753	$3,128,330	$4,510,036	$-41,577

RHODE ISLAND ASSOCIATION OF REALTORS INC