NAMI Rhode Island

EIN: 222805141 501(c)(3) Mental Health

Providence, RI

Total Revenue
$248,097
Total Expenses
$412,417
Total Assets
$323,184
Net Assets
$313,603
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
RI
Principal Officer
Charles A Speicher
Phone
4013313060
Tax Period
2024-07-01 to 2025-06-30

NAMI Rhode Island, founded in 1985, is a small nonprofit in the Mental Health sector that reported $248K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $412K exceeded revenue, resulting in a 66% operating deficit.

Mission

The mission of NAMI Rhode Island is to educate the public about mental illness; to offer resources and support to all whose lives are touched by mental illness; to advocate at every level to ensure the rights and dignity of those with mental illness; and to promote research in the science and treatment of mental illness.

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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 $264,296
Program Service Revenue $0
Investment Income $4,700
Other Revenue $-20,899
TOTAL REVENUE $248,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $138,688
Fundraising Expenses $15,513
Program Expenses $334,939
Other Expenses $273,729
TOTAL EXPENSES $412,417

Year-over-Year Comparison

2024 2023 Change
Revenue $248,097 $511,061 -0.5%
Expenses $412,417 $388,926 +0.1%
Net Income $-164,320 $122,135 -2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
5
Volunteers
75

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
$77,165
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Duryea President 1.00
Officer Director
$0 $0 $0
Rachel Auclair Vice President 1.00
Officer Director
$0 $0 $0
Charles A Speicher Charles Speicher Treasurer 1.00
Officer Director
$0 $0 $0
Charles Feldman Secretary 1.00
Officer Director
$0 $0 $0
John McCarthy Director 1.00
Director
$0 $0 $0
Daisy Bassen MD Director 1.00
Director
$0 $0 $0
John Toracinta Director 1.00
Director
$0 $0 $0
Christine Earley Director 1.00
Director
$0 $0 $0
Judy Ferris Director 1.00
Director
$0 $0 $0
Monica Connolly Director 1.00
Director
$0 $0 $0
Caitlyn FLynn Director 1.00
Director
$0 $0 $0
Beth Lamarre Executive Director 40.00
Officer
$0 $0 $77,165
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 $248,097 $412,417 $323,184 $-164,320
2024 $511,061 $388,926 $483,316 $122,135
2023 $504,716 $280,121 $366,643 $224,595
2022 $269,663 $240,665 $136,244 $28,998
2021 $227,675 $243,715 $127,646 $-16,040
2020 $260,397 $209,857 $143,684 $50,540
2019 $219,282 $234,656 $73,736 $-15,374
2018 $269,655 $244,526 $84,619 $25,129
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