RI SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS (EIN 056013364) - 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

1905

Legal Domicile

Principal Officer

MICHELE FORCINO

Phone

4014654060

Tax Period

2023-05-01 to 2024-04-30

RI SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, founded in 1905, is a small nonprofit that reported $700K in total revenue in fiscal year 2023. Expenses of $793K exceeded revenue, resulting in a 13% operating deficit.

Mission

EMPOWERING INDIVIDUALS AND BUSINESSES, TODAY AND TOMORROW, THROUGH FINANCIAL EDUCATION, COLLABORATIVE INNOVATION, AND INCLUSIVE ADVOCACY FOR A PROSPEROUS RHODE ISLAND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $114,664

Program Service Revenue $544,002

Investment Income $3,264

Other Revenue $38,563

TOTAL REVENUE $700,493

Expense Breakdown

Grants Paid $3,105

Salaries & Benefits $311,192

Fundraising Expenses $0

Other Expenses $479,159

TOTAL EXPENSES $793,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$700,493	$698,556	+0.0%
Expenses	$793,456	$839,305	-0.1%
Net Income	$-92,963	$-140,749	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

196

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

$162,172

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA D TRAVIS	PRESIDENT	40.00	Officer	$145,845	$16,327	$162,172
BRIAN E BARBER	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY CASCIONE	DIRECTOR	2.00	Director	$0	$0	$0
BOYD E FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
ALEJANDRO HAZERA	DIRECTOR	2.00	Director	$0	$0	$0
NORMAN LEBLANC	DIRECTOR	2.00	Director	$0	$0	$0
STACEY NAKASIAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE L FORCINO	CHAIR	2.00	Officer Director	$0	$0	$0
EDWARD YAZBAK	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
JASON DAPONTE	CHAIR-ELECT	2.00	Officer Director	$0	$0	$0
DORYANNE HAMEL	TREASURER	2.00	Officer Director	$0	$0	$0
JONATHAN UCRAN	SECRETARY	2.00	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	$700,493	$793,456	$534,854	$-92,963
2023	$698,556	$839,305	$421,719	$-140,749
2022	$837,468	$774,780	$518,028	$62,688
2021	$946,019	$864,151	$583,895	$81,868

RI SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS