Rhode Island Association Of Insurance & Financial Advisors Inc
- Assets
- $11.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 10/1943
- Data as of
- 12/2021
- EIN
- 05-6015364
Organization Overview
Rhode Island Association Of Insurance & Financial Advisors Inc is located in Warwick, RI. The organization was established in 1943. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Association Of Insurance & Financial Advisors Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Rhode Island Association Of Insurance & Financial Advisors Inc generated $28.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $30.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CONTINUING EDUCATIONAL PROGRAMS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John T Howard President | 10 | $0 | |
Brian Falconer Immediate Past President | 10 | $0 | |
Jonathan Matrullo State National Committeepe | 10 | $0 | |
Mark A Male Treasurer/executive Direct | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,795 |
| Membership dues | $24,563 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,358 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10,125 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2 |
| Other expenses | $20,796 |
| Total expenses | $30,923 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,031 |
| Other assets | $0 |
| Total assets | $11,031 |
| Total liabilities | $850 |
| Net assets or fund balances | $10,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Insurers Insolvency Fund Boston, MA | $220,667,916 | $27,762,839 |
Virginia Property And Casualty Insurance Luaranty Association Boston, MA | $164,456,339 | $15,741,691 |
Massachusetts Credit Union Share Insurance Corporation Newton, MA | $143,887,479 | $8,027,079 |
Workers Compensation Research Institute Cambridge, MA | $14,727,537 | $8,149,473 |
Trust For Aquarion Co Welfare Benefits Bridgeport, CT | $16,181,846 | $8,880,527 |
Rhode Island Property & Casualty Insurance Guaranty Association Boston, MA | $20,211,661 | $1,211,306 |
Advance Mfg Co Inc Employees Benefit Trust Westfield, MA | $296,936 | $5,936,452 |
Jeol Usa Inc Voluntary Employees Benefit Plan Trust Peabody, MA | $1,948,079 | $4,838,408 |
Mutual Savings Central Fund Inc Woburn, MA | $526,717,944 | $6,907,559 |
Maine Insurance Guaranty Association Boston, MA | $35,291,460 | $3,682,476 |
New England Automotive Dealers Insurance Tr East Bridgwater, MA | $340,006 | $2,171,015 |
Carlingswitch Incorporated Employee Benefits Trust Plainville, CT | $36,590 | $2,078,418 |