RI Society of Certified Public Acc… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

Michele Forcino

Phone

4013315720

Tax Period

2024-05-01 to 2025-04-30

RI Society of Certified Public Accountants, founded in 1905, is a small nonprofit that reported $607K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $676K exceeded revenue, resulting in a 11% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

CONTINUING PROFESSIONAL AND BUSINESS EDUCATION: OFFERED 120 LIVE STREAM COURSES AND 8,000 WEBINARS TO 1,650 MEMBERS / NON-MEMBERS.

Program 2

MEMBERSHIP DEVELOPMENT: PROVIDED SERVICES TO APPROXIMATELY 1,650 MEMBERS.

Program 3

ADVOCACY AND COMMUNICATIONS: CONDUCTED ADVOCACY AND COMMUNICATION ACTIVITIES ON BEHALF OF MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $173,720

Program Service Revenue $403,430

Investment Income $3,993

Other Revenue $25,509

TOTAL REVENUE $606,652

Expense Breakdown

Grants Paid $111,960

Salaries & Benefits $264,441

Fundraising Expenses $0

Other Expenses $299,624

TOTAL EXPENSES $676,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$606,652	$700,493	-0.1%
Expenses	$676,025	$793,456	-0.1%
Net Income	$-69,373	$-92,963	-0.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

115

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

$163,542

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	$17,697	$163,542
April Arruda	Director	2.00	Director	$0	$0	$0
Michael Azzollini	Director	2.00	Director	$0	$0	$0
Brian Barber	Director	2.00	Director	$0	$0	$0
Jeffrey Cascione	Director	2.00	Director	$0	$0	$0
Jason DaPonte	Chairman	2.00	Officer Director	$0	$0	$0
Michele Forcino	Chairman	2.00	Officer Director	$0	$0	$0
Boyd Foster	Director	2.00	Director	$0	$0	$0
Doryanne Hamel	Treasurer	2.00	Officer Director	$0	$0	$0
Alejandro Hazera	Director	2.00	Director	$0	$0	$0
Norman LeBlanc	Director	2.00	Director	$0	$0	$0
Jaclyn Morrocco	Director	2.00	Director	$0	$0	$0
Stacey Nakasian	Director	2.00	Director	$0	$0	$0
Erica Olibri	Director	2.00	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	$606,652	$676,025	$315,824	$-69,373
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