THE COMMERCIAL FISHERIES CENTER OF RHODE ISLAND INC (EIN 872476405) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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
2024	$402,769	$237,428	$338,751	$165,341
2023	$251,359	$97,336	$173,410	$154,023

THE COMMERCIAL FISHERIES CENTER OF RHODE ISLAND INC