RHODE ISLAND COLLEGE ALUMNI ASSOCIATION

EIN: 056051361 501(c)(3) Education

PROVIDENCE, RI

Total Revenue
$-25,091
Total Expenses
$147,002
Total Assets
$455,746
Net Assets
$440,074
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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
1975
Legal Domicile
RI
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

TO PROMOTE RELATIONSHIPS BETWEEN CURRENT AND FUTURE ALUMNI OF RHODE ISLAND COLLEGE.

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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 (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
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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
22
Independent Members
22
Employees
N/A
Volunteers
22

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
5
$31,543
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
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
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