NORTHERN RHODE ISLAND BOARD OF REA… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

MICHELLE KEACH

Phone

4013336343

Tax Period

2023-01-01 to 2023-12-31

NORTHERN RHODE ISLAND BOARD OF REALTORS INC, founded in 1967, is a small nonprofit that reported $243K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $219K left a modest 10% surplus.

Mission

NORTHERN RHODE ISLAND BOARD OF REALTORS MISSION IS TO PROMOTE THE BEST INTERESTS OF OUR MEMBERS AND OUR COMMUNITIES THROUGH ADVOCACY, PROFESSIONAL DEVELOPMENT AND PARTNERSHIPS.

Program Service Accomplishments

Program 1

CONTINUING EDUCATION CLASSES ARE OFFERED TO MEMBERS. CLASSES ARE REQUIRED IN ORDER FOR MEMBERS TO MAINTAIN THEIR PROFESSIONAL LICENSES.

Program 2

THE ORGANIZATION COLLECTS DUES FROM ITS MEMBERS FOR THE LOCAL CHAPTER, AS WELL AS THE STATE AND NATIONAL CHAPTER IN ORDER TO PROVIDE PROFESSIONAL STANDARDS, NETWORKING AND ADVOCACY SERVICES TO ITS...

THE ORGANIZATION COLLECTS DUES FROM ITS MEMBERS FOR THE LOCAL CHAPTER, AS WELL AS THE STATE AND NATIONAL CHAPTER IN ORDER TO PROVIDE PROFESSIONAL STANDARDS, NETWORKING AND ADVOCACY SERVICES TO ITS MEMBERS.

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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 $172,172

Program Service Revenue $35,047

Investment Income $21,487

Other Revenue $14,361

TOTAL REVENUE $243,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $218,524

TOTAL EXPENSES $218,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,067	$217,256	+0.1%
Expenses	$218,524	$222,837	0.0%
Net Income	$24,543	$-5,581	-5.4%

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
ANNE MCCRANN	PRESIDENT-ELECT	0.50	Director	$0	$0	$0
MICHELLE KEACH	PRESIDENT	0.50	Director	$0	$0	$0
ALEXANDER PARMENIDEZ	PAST PRESIDENT	0.50	Director	$0	$0	$0
ALIESHA NOONAN	SECRETARY	0.50	Director	$0	$0	$0
JENNIFER LEMME	TREASURER	0.50	Director	$0	$0	$0
KRISTIE BELMONT	DIRECTOR	0.50	Director	$0	$0	$0
FATIMA DEZIEL	DIRECTOR	0.50	Director	$0	$0	$0
JOHANNA ECHEVARRIA	DIRECTOR	0.50	Director	$0	$0	$0
JUAN RIOS	DIRECTOR	0.50	Director	$0	$0	$0
ALISSA ST JACQUES	DIRECTOR	0.50	Director	$0	$0	$0
DUANE BOUCHER	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNE SILVA	CEO	15.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$243,067	$218,524	$647,394	$24,543
2022	$217,256	$222,837	$636,735	$-5,581
2021	$218,471	$193,376	$637,027	$25,095
2020	$187,345	$136,158	$608,984	$51,187
2019	$226,373	$166,116	$563,851	$60,257

NORTHERN RHODE ISLAND BOARD OF REALTORS INC