RHODE ISLAND BANKERS ASSOCIATION INC (EIN 056015433) - 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

1915

Legal Domicile

Principal Officer

FRANK CASALE

Phone

4014337850

Tax Period

2024-10-01 to 2025-09-30

RHODE ISLAND BANKERS ASSOCIATION INC, founded in 1915, is a small nonprofit in the Public & Societal Benefit sector that reported $333K in total revenue in fiscal year 2024. Expenses of $317K left a modest 5% surplus.

Mission

SEE 990, PART III, LINE 1

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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 $309,440

Program Service Revenue $15,591

Investment Income $7,555

Other Revenue $0

TOTAL REVENUE $332,586

Expense Breakdown

Grants Paid $2,075

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $314,964

TOTAL EXPENSES $317,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,586	$314,993	+0.1%
Expenses	$317,039	$307,419	+0.0%
Net Income	$15,547	$7,574	+1.1%

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

N/A

Volunteers

175

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRISTINA FEDEN	DIRECTOR/VP/SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK CASALE	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
JILLIAN J DESHIRO	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
KEITH D KELLY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN P TRACY	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN M PARENTE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE TANGEN	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY DERDERIAN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LEVEILLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SILVA	DIRECTOR (ENDED 3/13/25)	1.00	Director	$0	$0	$0
MICHAEL J SOLOMON	DIRECTOR (ENDED 4/30/25)	1.00	Director	$0	$0	$0
ELIZABETH D'AMATO	DIRECTOR	1.00	Director	$0	$0	$0
DAN HAGERTY	DIRECTOR	1.00	Director	$0	$0	$0
AMY WALSH	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN H DESHAW	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL A LEE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN J MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN M OATES	DIRECTOR	1.00	Director	$0	$0	$0
MARY E NOONS	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS M AMORIGGI	DIRECTOR	1.00	Director	$0	$0	$0
GARY A PIRRI	DIRECTOR	1.00	Director	$0	$0	$0
HASAN ALI	DIRECTOR (STARTED 3/13/25)	1.00	Director	$0	$0	$0
JAY FARLAND	DIRECTOR (STARTED 4/30/25)	1.00	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	$332,586	$317,039	$310,355	$15,547
2024	$314,993	$307,419	$306,350	$7,574
2023	$306,197	$286,174	$289,735	$20,023
2022	$280,556	$277,093	$265,369	$3,463
2021	$301,358	$244,100	$261,906	$57,258
2020	$259,883	$229,436	$204,648	$30,447
2019	$321,109	$279,583	$174,201	$41,526
2018	$239,748	$256,524	$132,675	$-16,776

RHODE ISLAND BANKERS ASSOCIATION INC