NAMI Rhode Island

🔒

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

1985

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $334,939

The Organization coordinates the advocacy efforts of various support groups and represents families on the various advocacy boards of state agencies that regulate mental health issues.

🔒

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 (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

🔒

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

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

$77,165

Total Directors

Key Employees

Highest Compensated

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