GREATER PROVIDENCE WARWICK CONVENTION AND VISITORS BUREAU (EIN 050487503) - 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

1995

Legal Domicile

Principal Officer

KRISTEN ADAMO

Phone

4014560200

Tax Period

2024-07-01 to 2025-06-30

GREATER PROVIDENCE WARWICK CONVENTION AND VISITORS BUREAU, founded in 1995, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2024. Expenses of $7.4M left a modest 3% surplus.

Mission

TO PROMOTE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE GREATER PROVIDENCE AND WARWICK AREA BY ATTRACTING CONVENTIONS AND VISITOR BUSINESS THROUGH SOLICITATION, SERVICING, MARKETING, AND THE DEVELOPMENT OF CONVENTION, VISITOR AND TOURIST ACTIVITIES IN THE AREA.

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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 $570,318

Program Service Revenue $6,999,770

Investment Income $30,340

Other Revenue $19,552

TOTAL REVENUE $7,619,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,487,269

Fundraising Expenses $0

Other Expenses $3,878,331

TOTAL EXPENSES $7,365,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,619,980	$7,262,956	+0.0%
Expenses	$7,365,600	$6,721,502	+0.1%
Net Income	$254,380	$541,454	-0.5%

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

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

$244,819

Total Directors

$244,819

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC WEINER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFFREY HIRSH	CHAIR	1.00	Officer Director	$0	$0	$0
JOE WILSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE VENTURINI	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH SHIBLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
WALTER ANDREWS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALYSSA KARAM	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
VANDANA KUMARI	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTH FERRAZZANO	BOARD MEMBER	1.00	Director	$0	$0	$0
ARNALDO ALMONTE	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA LEHMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER MARSELLA	TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH DUNTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE ANTIGNANO	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN HURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN ADAMO	PRESIDENT & CEO	37.50	Officer Director	$221,730	$23,089	$244,819
TOM RIEL	VP/SALES & SERVICES	37.50	Highest	$180,046	$20,367	$200,413
KATHLEEN CESERETTI	DIRECTOR OF NATIONAL ACCOU	37.50	Highest	$128,430	$17,427	$145,857
ERIN DEGULIS	SR. DIRECTOR OF VISITOR SE	37.50	Highest	$109,854	$21,184	$131,038
ANISSA LADD	DIRECTOR OF SALES	37.50	Highest	$131,520	$17,004	$148,524
CHRISTINE PHILLIPS	SR DIRECTOR OF COMMUNITY A	37.50	Highest	$115,380	$16,924	$132,304
ALISSA BATEMAN	VP MARKETING AND COMMUNICATIONS	37.50	Highest	$111,651	$6,488	$118,139
LAURA DESTEFANIS	FINANCE/ADMINISTRATIVE MANAGER	37.50	Highest	$106,359	$16,341	$122,700
KERRI FURTADO	DIRECTOR OF NATIONAL ACCOU	37.50	Highest	$100,984	$21,687	$122,671
ALANA O'HARE	SENIOR DIRECTOR OF COMMUNICATIONS	37.50	Highest	$100,854	$16,140	$116,994
JONATHAN WALKER	EXECUTIVE DIRECTOR OF RI SPORTS COMMISSION	37.50	Highest	$100,627	$15,807	$116,434

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	$7,619,980	$7,365,600	$5,121,156	$254,380
2024	$7,262,956	$6,721,502	$5,022,607	$541,454
2023	$5,525,697	$4,906,083	$4,618,458	$619,614
2022	$4,084,659	$3,773,554	$2,735,510	$311,105
2021	$3,400,025	$2,692,457	$2,565,053	$707,568
2020	$3,288,294	$3,259,102	$1,345,846	$29,192
2019	$4,126,765	$4,050,022	$1,484,778	$76,743
2018	$4,004,500	$3,984,389	$1,505,645	$20,111

GREATER PROVIDENCE WARWICK CONVENTION AND VISITORS BUREAU