RHODE ISLAND MANUFACTURERS ASSOCIATION (EIN 061493481) - 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

1997

Legal Domicile

Principal Officer

KEVIN PAPA

Phone

4017510160

Tax Period

2024-08-01 to 2025-07-31

RHODE ISLAND MANUFACTURERS ASSOCIATION, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $421K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

Rhode Island Manufacturers Associations mission is to promote manufacturing in the state of Rhode Island

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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 $265,908

Program Service Revenue $0

Investment Income $9,860

Other Revenue $145,492

TOTAL REVENUE $421,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,954

Fundraising Expenses $0

Program Expenses $397,376

Other Expenses $272,178

TOTAL EXPENSES $440,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,260	$588,422	-0.3%
Expenses	$440,132	$506,297	-0.1%
Net Income	$-18,872	$82,125	-1.2%

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

Volunteers

N/A

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
CRAIG PICKELL	CHAIRMAN	005.00	Officer Director	$0	$0	$0
CHRISTOPHER GOODWIN	VICE CHAIR	005.00	Officer Director	$0	$0	$0
KEVIN PAPA	TREASURER	005.00	Officer Director	$0	$0	$0
ERNIE MOREIRA	DIRECTOR	005.00	Officer Director	$0	$0	$0
DAN SHEDD	DIRECTOR	005.00	Director	$0	$0	$0
JOSEPH MATTIELO	DIRECTOR	005.00	Director	$0	$0	$0
ROBERT NANGLE	DIRECTOR	005.00	Director	$0	$0	$0
ELLIS WALDMAN	DIRECTOR	005.00	Director	$0	$0	$0
KEVIN PRUE	DIRECTOR	005.00	Director	$0	$0	$0
TED WILLIAMS	DIRECTOR	005.00	Director	$0	$0	$0
MARCIA BLOUNT	DIRECTOR	005.00	Director	$0	$0	$0
BRAD DEAN SR	DIRECTOR	005.00	Director	$0	$0	$0
MARK COUSINEAU	DIRECTOR	005.00	Director	$0	$0	$0
MELISSA TRAVIS	DIRECTOR	005.00	Director	$0	$0	$0
JEFF POLUCHA	DIRECTOR	005.00	Director	$0	$0	$0
PETER PISASALE	DIRECTOR	005.00	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	$421,260	$440,132	$562,834	$-18,872
2024	$588,422	$506,297	$451,597	$82,125
2023	$534,915	$453,669	$395,993	$81,246
2022	$525,108	$452,070	$348,388	$73,038
2021	$291,050	$215,002	$297,971	$76,048

RHODE ISLAND MANUFACTURERS ASSOCIATION