THE COMMERCIAL FISHERIES CENTER OF RHODE ISLAND INC

EIN: 872476405 501(c)(3) Food, Agriculture & Nutrition

WAKEFIELD, RI

Total Revenue
$402,769
Total Expenses
$237,428
Total Assets
$338,751
Net Assets
$338,751
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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
2021
Legal Domicile
RI
Principal Officer
FRED MATTERA
Phone
4017414178
Tax Period
2024-01-01 to 2024-12-31

THE COMMERCIAL FISHERIES CENTER OF RHODE ISLAND INC, founded in 2021, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $403K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 41% operating margin.

Mission

TO PRESERVE COMMERCIAL FISHING AS A PROFESSION, CULTURE AND WAY OF LIFE THROUGH PROMOTING SUSTAINABILITY OF THE RESOURCE. THE ORGANIZATION ALSO BRINGS AWARENESS TO THE LOCAL FISHING COMMUNITY THROUGH FUNDRAISING AND ADVOCACY.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $10,000

FISHING INDUSTRY PRESERVATION, ADVOCACY AND OUTREACH

Program 2
Expenses: $233,415 Revenue: $392,228

SEAFOOD DISTRIBUTION PROGRAM - PROVIDES FREE, FRESH SUSTAINABLE SEAFOOD TO LOCAL COMMUNITIES TO FEED FAMILIES IN NEED.

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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 $270,287
Program Service Revenue $132,228
Investment Income $254
Other Revenue $0
TOTAL REVENUE $402,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $750
Program Expenses $233,415
Other Expenses $237,428
TOTAL EXPENSES $237,428

Year-over-Year Comparison

2024 2023 Change
Revenue $402,769 $251,359 +0.6%
Expenses $237,428 $97,336 +1.4%
Net Income $165,341 $154,023 +0.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BROWN PRESIDENT 5.00
Director
$0 $0 $0
MICHAEL MARCHETTI TREASURER 5.00
Director
$0 $0 $0
BRIAN THIBEAULT SECRETARY 5.00
Director
$0 $0 $0
GREG MATARONAS VICE PRESIDENT 5.00
Director
$0 $0 $0
RICHARD BELLEVANCE DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL MCGIVNEY DIRECTOR 2.00
Director
$0 $0 $0
TODD SUTTON DIRECTOR 2.00
Director
$0 $0 $0
LANNY DELLINGER DIRECTOR 2.00
Director
$0 $0 $0
ALAN EAGLES DIRECTOR 2.00
Director
$0 $0 $0
FRED MATTERA EXECUTIVE DIRECTOR 10.00
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 $402,769 $237,428 $338,751 $165,341
2023 $251,359 $97,336 $173,410 $154,023
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