NORTHERN RHODE ISLAND CHAMBER OF COMMERCE

EIN: 050456611

LINCOLN, RI

Total Revenue
$837,867
Total Expenses
$808,567
Total Assets
$644,938
Net Assets
$511,986
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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
1991
Legal Domicile
RI
Principal Officer
ELIZABETH CATUCCI
Phone
4013341000
Tax Period
2024-01-01 to 2024-12-31

NORTHERN RHODE ISLAND CHAMBER OF COMMERCE, founded in 1991, is a small nonprofit that reported $838K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $809K left a modest 3% surplus.

Mission

THE NORTHERN RHODE ISLAND CHAMBER OF COMMERCE STRENGTHENS THE ECONOMIC CLIMATE THROUGH BUSINESS LEADERSHIP THAT FOSTERS MEMBER AND COMMUNITY PROSPERITY

Program Service Accomplishments

Program 1

THE ACTIVITIES REPORTED HEREIN HELP THE NORTHERN RHODE ISLAND CHAMBER OF COMMERCE TO COORDINATE THE COMMON BUSINESS/ INTERESTS OF ITS 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $409,183
Program Service Revenue $422,161
Investment Income $6,523
Other Revenue $0
TOTAL REVENUE $837,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $485,795
Fundraising Expenses $0
Other Expenses $322,772
TOTAL EXPENSES $808,567

Year-over-Year Comparison

2024 2023 Change
Revenue $837,867 $964,297 -0.1%
Expenses $808,567 $878,660 -0.1%
Net Income $29,300 $85,637 -0.7%
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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Governance

Voting Members
34
Independent Members
34
Employees
4
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
4
$157,476
Total Directors
35
$157,476
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH CATUCCI PRESIDENT 40.00
Officer Director
$157,476 $0 $157,476
JEFFREY P CASCIONE IMMEDIATE PAST CHAIR 0.00
Officer Director
$0 $0 $0
JENNIFER MORRISON CHAIR ELECT 0.00
Officer Director
$0 $0 $0
AMY VOGEL CHAIR 0.00
Officer Director
$0 $0 $0
JACK BIROLINI MEMBER 0.00
Director
$0 $0 $0
LUIS LOURENCO MEMBER 0.00
Director
$0 $0 $0
DEBRA BOORY MEMBER 0.00
Director
$0 $0 $0
DANIEL OROVITZ MEMBER 0.00
Director
$0 $0 $0
AN LE MEMBER 0.00
Director
$0 $0 $0
JEAN HARRINGTON MEMBER 0.00
Director
$0 $0 $0
JULIAN EMERICH MEMBER 0.00
Director
$0 $0 $0
MICHAEL GAMBOLI MEMBER 0.00
Director
$0 $0 $0
LORI SPANGLER MEMBER 0.00
Director
$0 $0 $0
SCOTT LAJOIE MEMBER 0.00
Director
$0 $0 $0
JOCELYN NACCI MEMBER 0.00
Director
$0 $0 $0
WILLIAM HUNT MEMBER 0.00
Director
$0 $0 $0
CARL LISA SR MEMBER 0.00
Director
$0 $0 $0
TRACY TAVARES MEMBER 0.00
Director
$0 $0 $0
ADRIANA DAWSON MEMBER 0.00
Director
$0 $0 $0
DONALD TROPPOLI MEMBER 0.00
Director
$0 $0 $0
JENIFER GIROUX MEMBER 0.00
Director
$0 $0 $0
MARC STREISAND MEMBER 0.00
Director
$0 $0 $0
GREG BORENGASSER MEMBER 0.00
Director
$0 $0 $0
JOE DORAZIO MEMBER 0.00
Director
$0 $0 $0
JACK LEVIS MEMBER 0.00
Director
$0 $0 $0
STEVEN NOYES MEMBER 0.00
Director
$0 $0 $0
STEVEN HUGHES MEMBER 0.00
Director
$0 $0 $0
AMY RICCITELLI MEMBER 0.00
Director
$0 $0 $0
BETTY ROBSON MEMBER 0.00
Director
$0 $0 $0
DANIEL HOLMANDER MEMBER 0.00
Director
$0 $0 $0
MICHAEL SOUZA MEMBER 0.00
Director
$0 $0 $0
ELIZABETH MCCLAINE MEMBER 0.00
Director
$0 $0 $0
MICHAEL SOLOMON MEMBER 0.00
Director
$0 $0 $0
CHRISTOPHER THOMAS MEMBER 0.00
Director
$0 $0 $0
GREGG TUMEINSKI MEMBER 0.00
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
2025 No data No data No data No data
2024 $837,867 $808,567 $644,938 $29,300
2023 $964,297 $878,660 $642,444 $85,637
2022 $942,701 $864,136 $483,495 $78,565
2021 $780,872 $671,662 $460,378 $109,210
2020 $696,081 $625,534 $223,433 $70,547
2019 $706,574 $719,441 $187,448 $-12,867
2018 $715,369 $669,415 $171,019 $45,954
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