Rhode Island Saltwater Anglers Foundation Inc (EIN 200904353) - 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

2004

Legal Domicile

Principal Officer

Greg Vespe

Phone

4018262121

Tax Period

2023-01-01 to 2023-12-31

Rhode Island Saltwater Anglers Foundation Inc, founded in 2004, is a micro nonprofit in the Environment sector that reported $15K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $17K exceeded revenue, resulting in a 19% operating deficit.

Mission

Charitable, educational & scientific

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,715

Program Service Revenue $0

Investment Income $809

Other Revenue $0

TOTAL REVENUE $14,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,928

Other Expenses $17,233

TOTAL EXPENSES $17,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,524	$40,490	-0.6%
Expenses	$17,233	$31,112	-0.4%
Net Income	$-2,709	$9,378	-1.3%

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

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
Dawn Filliatreault Wood	President	1.00	Officer Director	$0	$0	$0
Richard Hittinger	Vice President	1.00	Officer Director	$0	$0	$0
Scott Travers	Executive Director	1.00	Officer Director	$0	$0	$0
Susan Lema	Secretary	1.00	Officer Director	$0	$0	$0
Stephen Skenyon	Treasurer	1.00	Officer Director	$0	$0	$0
David Michel	Sergeant at Arms	1.00	Officer Director	$0	$0	$0
Gary Johnson	DIRECTOR	1.00	Director	$0	$0	$0
Robert Murray	DIRECTOR	1.00	Director	$0	$0	$0
Richard Reich	Director	1.00	Director	$0	$0	$0
Robert Marco	Director	1.00	Director	$0	$0	$0
Kraig Ruth	Director	1.00	Director	$0	$0	$0
Karlis Kaugers	Director	1.00	Director	$0	$0	$0
Fred Difinis	Vice President	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$14,524	$17,233	$96,528	$-2,709
2022	$40,490	$31,112	$98,234	$9,378
2021	$29,611	$2,660	$88,856	$26,951
2020	$50,484	$20,915	$61,905	$29,569
2019	$22,984	$43,136	$32,337	$-20,152
2018	$43,160	$44,175	$52,488	$-1,015

Rhode Island Saltwater Anglers Foundation Inc