Newport Rifle Club

EIN: 050465474 Recreation & Sports

Middletown, RI

Total Revenue
$105,438
Total Expenses
$73,952
Total Assets
$735,061
Net Assets
$699,783
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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
2001
Legal Domicile
RI
Principal Officer
ROBERT KING
Phone
4018475678
Tax Period
2024-01-01 to 2024-12-31

Newport Rifle Club, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $105K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $31K, a strong 30% operating margin.

Mission

SEE PART III LINE 1 STATEMENT

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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 $91,108
Program Service Revenue $2,932
Investment Income $11,398
Other Revenue $0
TOTAL REVENUE $105,438

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $73,952
Other Expenses $73,952
TOTAL EXPENSES $73,952

Year-over-Year Comparison

2024 2023 Change
Revenue $105,438 $125,652 -0.2%
Expenses $73,952 $82,743 -0.1%
Net Income $31,486 $42,909 -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

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

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Governance

Voting Members
651
Independent Members
651
Employees
N/A
Volunteers
48

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DKeith Silvia President 5.00
Officer
$0 $0 $0
David Huth Vice President 5.00
Officer
$0 $0 $0
Lisa Knowles Secretary 5.00
Officer
$0 $0 $0
Robert King Treasurer 10.00
Officer
$0 $0 $0
Kevin Mathis Executive Officer 5.00
Officer
$0 $0 $0
David Balasco Chief Instructor 5.00
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 $105,438 $73,952 $735,061 $31,486
2023 $125,652 $82,743 $702,650 $42,909
2022 $101,182 $71,950 $659,731 $29,232
2021 $132,242 $68,036 $629,773 $64,206
2020 $98,189 $70,092 $563,818 $28,097
2019 $97,135 $82,251 $533,865 $14,884
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