OIL HEAT INSTITUTE INC DBA ENERGY MARKETERS ASSOCIATION OF RI

EIN: 056015897

WARREN, RI

Total Revenue
$364,389
Total Expenses
$299,947
Total Assets
$434,744
Net Assets
$365,756
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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
1961
Legal Domicile
RI
Phone
4016194553
Tax Period
2024-06-01 to 2025-05-31

OIL HEAT INSTITUTE INC DBA ENERGY MARKETERS ASSOCIATION OF RI, founded in 1961, is a small nonprofit that reported $364K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 18% operating margin.

Mission

THE OIL HEAT INSTITUTE, INC. PROMOTES THE SALE OF OIL HEAT AND PROTECTS AND FOSTERS THE BEST INTEREST OF THE CONSUMER. THE INSTITUTE ACTS TO EXPLAIN INFORMATION TO MEMBERS OF THE OIL HEAT INDUSTRY AND THE CONSUMING PUBLIC. THE INSTITUTE ACTS TO PROMOTE REASONABLE LAWS, ORDINANCES, AND REGULATIONS AFFECTING THE PETROLEUM INDUSTRY IN GENERAL AND TO OPPOSE UNREASONABLE LAWS, ORDINANCES AND REGULATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $334,396
Investment Income $12,913
Other Revenue $7,080
TOTAL REVENUE $364,389

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,397
Fundraising Expenses $0
Program Expenses $299,947
Other Expenses $167,550
TOTAL EXPENSES $299,947

Year-over-Year Comparison

2024 2023 Change
Revenue $364,389 $276,785 +0.3%
Expenses $299,947 $215,107 +0.4%
Net Income $64,442 $61,678 +0.0%
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
14
Independent Members
14
Employees
3
Volunteers
10

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
4
$0
Total Directors
13
$92,830
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE E QUESNELLE Executive Dir. 0.00
Director
$92,830 $0 $92,830
MATTHEW NEWELL JR Secretary 0.00
Officer Director
$0 $0 $0
MICHAEL JANUARIO Director 0.00
Director
$0 $0 $0
THOMAS VESSELLA President 0.00
Officer Director
$0 $0 $0
KENNETH BOUSQUET Director 0.00
Director
$0 $0 $0
ANTHONY SANTORO JR Director 0.00
Director
$0 $0 $0
JENNIFER JOHNSON Vice President 0.00
Officer Director
$0 $0 $0
NICHOLAS J MICHELETTI Director 0.00
Director
$0 $0 $0
STEVEN H KITCHIN Director 0.00
Director
$0 $0 $0
MARJORIE WONG Director 0.00
Director
$0 $0 $0
WILLIAM REICHERT JR Treasurer 0.00
Officer Director
$0 $0 $0
MARC DUPUIS Director 0.00
Director
$0 $0 $0
ROBERT GOULART Director 0.00
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 $364,389 $299,947 $434,744 $64,442
2024 $276,785 $215,107 $361,815 $61,678
2023 $239,309 $251,657 $326,635 $-12,348
2022 $218,052 $245,327 $285,135 $-27,275
2021 $216,113 $205,581 $304,057 $10,532
2020 $154,344 $152,938 $284,813 $1,406
2019 $249,092 $254,718 $318,872 $-5,626
2018 $231,052 $202,050 $300,848 $29,002
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