RHODE ISLAND COLLEGE ALUMNI ASSOCI… - 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

1975

Legal Domicile

Principal Officer

GEORGIA FORTUNATO

Phone

4014568105

Tax Period

2022-07-01 to 2023-06-30

RHODE ISLAND COLLEGE ALUMNI ASSOCIATION, founded in 1975, is a micro nonprofit in the Education sector that reported $25K in total revenue in fiscal year 2022. Revenue fell 132% from the prior year — a significant decline worth monitoring.

Mission

THE RHODE ISLAND COLLEGE ALUMNI ASSOCIATION'S MISSION IS TO PROMOTE LIFELONG RELATIONSHIPS BETWEEN CURRENT AND FUTURE ALUMNI OF RHODE ISLAND COLLEGE AND TO STRENGTHEN COMMUNICATION AND ENGAGEMENT BETWEEN ALUMNI AND THE COLLEGE. TO CREATE AND NURTURE OPPORTUNITIES FOR PERSONAL AND FINANCIAL INVESTMENT INTO RHODE ISLAND COLLEGE'S FUTURE.

Program Service Accomplishments

Program 1

Expenses: $15,000

FINANCIAL SUPPORT TO RHODE ISLAND COLLEGE INCLUDING NEED-BASED SCHOLARSHIPS TO STUDENTS. APPROXIMATELY 15 STUDENTS WERE AWARDED RICOCHET AWARDS.

Program 2

Expenses: $7,891

THE ALUMNI AWARDS ARE PRESENTED ANNUALLY TO GRADUATES AND COMMUNITY LEADERS WHO BRING HONOR UPON THEMSELVES AND THE COLLEGE. THEIR PERSONAL AND PROFESSIONAL ACHIEVEMENTS AND SERVICE AID THE...

THE ALUMNI AWARDS ARE PRESENTED ANNUALLY TO GRADUATES AND COMMUNITY LEADERS WHO BRING HONOR UPON THEMSELVES AND THE COLLEGE. THEIR PERSONAL AND PROFESSIONAL ACHIEVEMENTS AND SERVICE AID THE COMMUNITY, RHODE ISLAND COLLEGE AND/OR THE ALUMNI ASSOCIATION.

Program 3

HOMECOMING FAMILY WEEKEND EVENT SPONSORED BY THE ALUMNI ASSOCIATION ON BEHALF OF THE COLLEGE. ACTIVITIES FOR FAMILIES WITH CHILDREN OF ALL AGES WERE PROVIDED.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $27,479

Program Service Revenue $0

Investment Income $239

Other Revenue $-52,809

TOTAL REVENUE $-25,091

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $24,257

Program Expenses $22,891

Other Expenses $132,002

TOTAL EXPENSES $147,002

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-25,091	$77,490	-1.3%
Expenses	$147,002	$81,105	+0.8%
Net Income	$-172,093	$-3,615	+46.6%

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

N/A

Volunteers

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

$31,543

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGIA FORTUNATO	PRESIDENT	0.50	Officer Director	$0	$0	$0
HILLARY LIMA	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KEVIN SAN	TREASURER	0.50	Officer Director	$0	$0	$0
PAMELA RYAN	SECRETARY	0.50	Officer Director	$0	$0	$0
COLLEEN CALLAHAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DANNY SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBRA SERVELLO	BOARD MEMBER	0.50	Director	$0	$0	$0
DIANE MEDEROS	BOARD MEMBER	0.50	Director	$0	$0	$0
ELANA YEE	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANCESCA MALERBA	BOARD MEMBER	0.50	Director	$0	$0	$0
KENNEDY RYAN	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN MCHUGH	BOARD MEMBER	0.50	Director	$0	$0	$0
MADDIE LEBLANC-BORSARI	BOARD MEMBER	0.50	Director	$0	$0	$0
MIA PALOMOBO	BOARD MEMBER	0.50	Director	$0	$0	$0
MONICA PAIGE	BOARD MEMBER	0.50	Director	$0	$0	$0
PIEDADE LEMOS	BOARD MEMBER	0.50	Director	$0	$0	$0
RATHA SEN	BOARD MEMBER	0.50	Director	$0	$0	$0
SANDRA ENOS	BOARD MEMBER	0.50	Director	$0	$0	$0
SARAH COURTEMANCHE	BOARD MEMBER	0.50	Director	$0	$0	$0
SHAWN ANDREWS	BOARD MEMBER	0.50	Director	$0	$0	$0
SUZANNA ALBA	BOARD MEMBER	0.50	Director	$0	$0	$0
TAMAR RUSSELL BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL SMITH	BOARD MEMBER (UNTIL 6/23)	0.50	Director	$0	$0	$0
EMMANUEL ECHEVARRIA	BOARD MEMBER (UNTIL 9/22)	0.50	Director	$0	$0	$0
ROBIN MONTVILO	BOARD MEMBER (UNTIL 10/22)	0.50	Director	$0	$0	$0
RACHEL GREENLEAF	DIRECTOR OF ALUMNI RELATIONS	35.00	Officer	$0	$0	$31,543

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	$-25,091	$147,002	$455,746	$-172,093
2022	$77,490	$81,105	$638,211	$-3,615
2021	$16,422	$116,533	$615,782	$-100,111
2020	$46,609	$201,001	$715,893	$-154,392
2019	$147,072	$217,904	$870,285	$-70,832
2018	$110,931	$242,422	$965,437	$-131,491

RHODE ISLAND COLLEGE ALUMNI ASSOCIATION