Rhode Island Saltwater Anglers Association

EIN: 050497421 Public & Societal Benefit

COVENTRY, RI

Total Revenue
$364,784
Total Expenses
$310,331
Total Assets
$433,572
Net Assets
$430,891
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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
2003
Legal Domicile
RI
Principal Officer
Greg Vespe
Phone
4018262121
Tax Period
2023-01-01 to 2023-12-31

Rhode Island Saltwater Anglers Association, founded in 2003, is a small nonprofit in the Public & Societal Benefit sector that reported $365K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $310K left a modest 15% surplus.

Mission

To provide a forum for recreational saltwater anglers and to provide education in various fishing techiques.

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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 $43,790
Program Service Revenue $300,343
Investment Income $10,602
Other Revenue $10,049
TOTAL REVENUE $364,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $90,614
Fundraising Expenses $0
Program Expenses $178,891
Other Expenses $219,717
TOTAL EXPENSES $310,331

Year-over-Year Comparison

2023 2022 Change
Revenue $364,784 $286,215 +0.3%
Expenses $310,331 $299,926 +0.0%
Net Income $54,453 $-13,711 -5.0%
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
13
Independent Members
13
Employees
2
Volunteers
1300

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
11
$83,071
Total Directors
14
$83,071
Key Employees
2
$83,071
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN FILLIATREAULT WOOD President 3.00
Officer Director
$0 $0 $0
Richard Hittinger Vice President 3.00
Officer Director
$0 $0 $0
Susan Lema Secretary 3.00
Officer Director
$0 $0 $0
STEPHEN SKENYON Treasurer 25.00
Officer Director
$0 $0 $0
David Michel Sergeant at Arms 3.00
Officer Director
$0 $0 $0
Greg Vespe Executive Director 60.00
Officer Director Key Emp
$36,400 $0 $36,400
Richard Reich Director 3.00
Director
$0 $0 $0
Robert Murray Director 3.00
Director
$0 $0 $0
GARY W JOHNSON DIRECTOR 3.00
Director
$0 $0 $0
Scott Travers Executive Director 60.00
Officer Director Key Emp Highest
$46,671 $0 $46,671
Fred Definis Vice President 3.00
Officer Director
$0 $0 $0
Karlis Kaugers Director 3.00
Officer Director
$0 $0 $0
Kraig Ruth Director 3.00
Officer Director
$0 $0 $0
Robert Marco Director 3.00
Officer 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
2024 No data No data No data No data
2023 $364,784 $310,331 $433,572 $54,453
2022 $286,215 $299,926 $374,800 $-13,711
2021 $114,883 $179,705 $430,207 $-64,822
2020 $343,042 $280,855 $459,809 $62,187
2019 $317,898 $284,218 $380,434 $33,680
2018 $297,185 $270,491 $322,694 $26,694
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