Rhode Island Fishermens Future Viability Trust 3 Revolution Wind

EIN: 934041255 Human Services

North Kingstown, RI

Total Revenue
$200,000
Total Expenses
$79
Total Assets
$199,921
Net Assets
$199,921
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
RI
Principal Officer
Christopher Lee
Phone
4019964894
Tax Period
2023-01-01 to 2023-12-31

Rhode Island Fishermens Future Viability Trust 3 Revolution Wind, founded in 2023, is a small nonprofit in the Human Services sector that reported $200K in total revenue in fiscal year 2023. The organization ran a surplus of $200K, a strong 100% operating margin.

Mission

Rhode Island Fishermen's Future Viability Trust 3 (Revolution Wind Project), Inc. is organized to provide for compensatory mitigation and the establishment of a direct compensation program as required in the matter in RE Revolution Wind, LLC application to construct and maintain two 23-mile submarine export cables through the west passage of Narragansett Bay to the cable landing location in North Kingstown and other associated facilities.

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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 $200,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $79
Other Expenses $79
TOTAL EXPENSES $79

Year-over-Year Comparison

2023 2022 Change
Revenue $200,000 N/A N/A
Expenses $79 N/A N/A
Net Income $199,921 N/A N/A
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

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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
7
Independent Members
7
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
6
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Lee Director 1.00
Director
$0 $0 $0
Michael Marchetti Director 1.00
Director
$0 $0 $0
Richard Bellavance Jr Director 1.00
Director
$0 $0 $0
Anne Hawkins Director 1.00
Director
$0 $0 $0
Spencer Seitz Director 1.00
Director
$0 $0 $0
Katie Almeida Director 1.00
Director
$0 $0 $0
Frederick Mattera Director 1.00
Director
$0 $0 $0
Christopher Lee President 1.00
Officer
$0 $0 $0
Michael Marchetti Vice President 1.00
Officer
$0 $0 $0
Richard Bellavance Jr Vice President 1.00
Officer
$0 $0 $0
Anne Hawkins Vice President 1.00
Officer
$0 $0 $0
Spencer Seitz Secretary 1.00
Officer
$0 $0 $0
Michael Marchetti Treasurer 1.00
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 $200,000 $79 $199,921 $199,921
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