Rhode Island Fishermens Future Viability Trust Inc

Nonprofit profile at a glance

EIN
873618332
IRS 990 coverage
2021–2025
Forms available
Form 990 2025
Location
Cranston, RI, USA
Phone
4019964894
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$2,727,705
Expenses
$482,913
Assets
$13,249,509
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Christopher Lee (President)
  • Michael Marchetti (Vice President)
  • Richard Bellavance Jr (Vice President)
  • Anne Hawkins (Vice President)

People named in this filing

  • Christopher Lee (Director)
  • Michael Marchetti (Director)
  • Richard Bellavance Jr (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Rhode Island Fishermen's Future Viability Trust, Inc. is organized to further the continued viability and success of the fishing industry in Rhode Island and to provide funds to address concerns regarding safety and effective fishing in and around the Vineyard Wind Project area and in and around wind farms in general.

What it reported doing in 2025

Secured $2,500,000 of grants for the purpose of addressing safety and effective fishing around the Vinyeard Wind project.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 47
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 96
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 24.6%; rating input score 25
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 82.3%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 27.44; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: 94% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: 34.7% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 24.6% of revenue deployed · 100% of spending went to programs
  • Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $483K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 4 filed related-organization links
  • 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 — Financial Efficiency: Mission deployment rate scored 25/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.