THE PROVIDENCE TOURISM FUND

EIN: 263240427 501(c)(3) Public & Societal Benefit

PROVIDENCE, RI

Total Revenue
$132,000
Total Expenses
$204,258
Total Assets
$274,174
Net Assets
$274,174
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
RI
Principal Officer
ALEXIS GORRIARAN
Phone
4014382373
Tax Period
2023-01-01 to 2023-12-31

THE PROVIDENCE TOURISM FUND, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $132K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $204K exceeded revenue, resulting in a 55% operating deficit.

Mission

TO WORK IN CONJUNCTION WITH THE CONVENTION CENTER AUTHORITY TO PROMOTE, ENCOURAGE, & CREATE TOURISM IN THE CITY OF PROVIDENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $132,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $132,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $203,048
Other Expenses $204,258
TOTAL EXPENSES $204,258

Year-over-Year Comparison

2023 2022 Change
Revenue $132,000 $347,500 -0.6%
Expenses $204,258 $46,427 +3.4%
Net Income $-72,258 $301,073 -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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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
4

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER BRAMLEY PRESIDENT 1.00
Officer Director
$0 $0 $0
ALEXIS GORRAIRAN VICE PRESIDENT/TREASURER 1.00
Officer Director
$0 $0 $0
SERENA CONLEY SECRETARY 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
2023 $132,000 $204,258 $274,174 $-72,258
2022 $347,500 $46,427 $356,128 $301,073
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