Credit Union Association of Rhode Island
Nonprofit profile at a glance
- EIN
- 050208936
- IRS 990 coverage
- 2011–2014
- Forms available
- Form 990 2014
- Location
- Marlborough, MA, USA
- Phone
- 8008421242
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $306,199
- Expenses
- $327,521
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- PAUL C GENTILE (PRESIDENT & CEO)
- DANIEL F EGAN JR (FORMER PRESIDENT)
Highest reported compensation
- PAUL C GENTILE (PRESIDENT & CEO): $443,217 total reported compensation
- PAUL E MAYER (SENIOR VP-FINANCE): $171,604 total reported compensation
- MARY ANN B CLANCY (SENIOR VP-COUNSEL): $169,880 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To represent the interests of member credit unions in the state of Rhode Island by providing legislative and public advocacy, education and training, product development and operational support.
What it reported doing in 2014
The association provides educational financing and other services to its members credit unions. Member dues allow for such services to be provided at the approximate cost to provide them.
Operating model
- Revenue model
- Membership-supported. 82% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 82
- Sustainability: 13
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -7%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 45.5%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -2.1% per year; rating input score 0; 29th percentile among comparable filings
- Asset growth: -33.3% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 12 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $443K · 20 people listed · 3 of 6 pay-setting controls reported
- Consistency: 8 of 8 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 4 filing years from 2011 to 2014
- Contacts: How to reach this organization
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 25/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 4/100.