Civic Intelligence

Rhode Island Optometric Association

990 • Fiscal year 2023 • EIN 05-0302254

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 04, 2024

8 Valley Stream DriveCumberland, RI 02864

(401) 949-0433

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

61st percentile

6.2%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$80,715

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 26.9% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

0.2%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$233,870

Up $24,377 (+12%) from 2022

Net Assets

Up

$233,870

Up $24,377 (+12%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$299,573

Up $710 (+0.2%) from 2022

Expenses

Down

$280,911

Down $4,603 (-1.6%) from 2022

Net Income

Up

$18,662

Up $5,313 (+40%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $271,602Liabilities 2010: $0Net Assets 2010: $271,6022010Assets 2011: $246,498Liabilities 2011: $0Net Assets 2011: $246,4982011Assets 2012: $259,249Liabilities 2012: $0Net Assets 2012: $259,2492012Assets 2013: $229,594Liabilities 2013: $0Net Assets 2013: $229,5942013Assets 2014: $221,781Liabilities 2014: $0Net Assets 2014: $221,7812014Assets 2015: $203,692Liabilities 2015: $0Net Assets 2015: $203,6922015Assets 2016: $203,687Liabilities 2016: $0Net Assets 2016: $203,6872016Assets 2017: $176,397Liabilities 2017: $0Net Assets 2017: $176,3972017Assets 2018: $166,091Liabilities 2018: $9,967Net Assets 2018: $156,1242018Assets 2019: $186,598Liabilities 2019: $0Net Assets 2019: $186,5982019Assets 2020: $207,045Liabilities 2020: $0Net Assets 2020: $207,0452020Assets 2021: $229,159Liabilities 2021: $0Net Assets 2021: $229,1592021Assets 2022: $209,493Liabilities 2022: $0Net Assets 2022: $209,4932022Assets 2023: $233,870Liabilities 2023: $0Net Assets 2023: $233,8702023Assets 2024: $286,077Liabilities 2024: $0Net Assets 2024: $286,0772024

Highlighted filing

2023

Assets$233,870
Liabilities$0
Net Assets$233,870

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2010: $226,6792010Expenses 2011: $246,6912011Expenses 2012: $263,5652012Revenue 2013: $258,395Expenses 2013: $288,050Net Income 2013: -$29,6552013Revenue 2014: $238,209Expenses 2014: $264,101Net Income 2014: -$25,8922014Revenue 2015: $251,596Expenses 2015: $267,091Net Income 2015: -$15,4952015Revenue 2016: $274,849Expenses 2016: $283,004Net Income 2016: -$8,1552016Revenue 2017: $261,250Expenses 2017: $294,915Net Income 2017: -$33,6652017Revenue 2018: $281,207Expenses 2018: $284,440Net Income 2018: -$3,2332018Revenue 2019: $283,389Expenses 2019: $268,218Net Income 2019: $15,1712019Revenue 2020: $246,018Expenses 2020: $231,784Net Income 2020: $14,2342020Revenue 2021: $266,637Expenses 2021: $255,572Net Income 2021: $11,0652021Revenue 2022: $298,863Expenses 2022: $285,514Net Income 2022: $13,3492022Revenue 2023: $299,573Expenses 2023: $280,911Net Income 2023: $18,6622023Revenue 2024: $337,587Expenses 2024: $289,914Net Income 2024: $47,6732024

Highlighted filing

2023

Revenue$299,573
Expenses$280,911
Net Income$18,662
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$299,573
Mission and Program Overview

Mission

Conventions and seminars were developed to provide continuing education to all members. Continuing education is necessary to fulfill the state's licensure requirements and to maintain professional competancy in the profession of optometry. The rioa also provides information and guidance to its members regarding laws, rules, and regulations that may affect its members and consults with its members when input is needed to form positions and policy. As with any healthcare field, state and federal issues can impact its members and its members need to be kept abreast of such things. The rioa is also affiliated with its national organization, the aoa, which provides national level information, group benefits, and regional education seminars. Finally the rioa provides information to its members regarding insurance carrier and billing issues as they frequently change.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$169,977$186,907▲ $16,930
Cash and Non-Interest-Bearing Accounts$23,134$30,580▲ $7,446
Savings and Temporary Cash Investments$11,721$11,722▲ $1
Accounts Receivable$4,661$4,661→ $0
Total Assets$209,493$233,870▲ $24,377
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$209,493$233,870▲ $24,377
Total Net Assets Fund Balance$209,493$233,870▲ $24,377
Total Liabilities and Net Assets / Fund Balance$209,493$233,870▲ $24,377
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tim BoninExecutive DirectorPT$80,715$80,715

Board Members and Trustees

NameTitle
Katy AbarrImmediate Past President
Maria JablonskiPresident
Jad OsmanskiPresident-elect
Stephen Montaquila1st Vice President
Amy FalkDirector
Bryanna CaronDirector
DAWN O'SHEADirector
Jeff DepaoloDirector
Kriti BhagatDirector
Laura LakinDirector
Lori DuquetteDirector
Kirsten HealeySecretary
Steven W SantosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$211,761
Program Service Revenue
$74,405
Investment Income
$11,215
Other Revenue
$2,192
All Other Contributions
$11,900
Change in Net Assets
$18,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$200,196
Salaries, Compensation, and Employee Benefits$80,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$80,715
Fees for Services Lobbying---$48,000
Conferences and Meetings---$22,632
Other Expenses---$7,091
Travel---$6,231
Information Technology---$2,091
Insurance---$1,520
Fees for Services Accounting---$1,500
All Other Expenses---$842
Office Expenses---$433
Total Functional Expenses$0$0$0$280,911
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$55,987
Current Year Nondeductible Lobbying and Political Cost$55,800
Political Expenditures$7,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy was provided electronically to the board members prior to filing the return.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Rhode Island Optometric Association
EIN
05-0302254
Phone
4019490433
Address
8 VALLEY STREAM DRIVE, CUMBERLAND, RI 02864

Signing Officer

Name
Dr Steven W Santos
Title
Treasurer
Phone
4019490433
Signed
2024-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Steven W Santos
Formed
1949
Legal Domicile
Ri
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Mullen Scorpio & Cerilli
Address
67 CEDAR STREET, PROVIDENCE, RI 02903
Preparer
Anthony W Scorpio
Phone
4017513860
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd01
IRS990/PrincipalOfficerNm0DR STEVEN W SANTOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc1ATTENDANCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt047725
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt047725
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126680
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0216661
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010070
IRS990/PYOtherExpensesAmt0204531
IRS990/PYOtherRevenueAmt03327
IRS990/PYProgramServiceRevenueAmt068805
IRS990/PYRevenuesLessExpensesAmt013349
IRS990/PYSalariesCompEmpBnftPaidAmt080983
IRS990/PYTotalExpensesAmt0285514
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0298863
IRS990/ReconcilationRevenueExpnssAmt018662
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011721
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011722
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt057199
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0199861
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt0187
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt055800
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt055987
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/PoliticalExpendituresAmt07800
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0OPTOMETRY IS A STATE REGULATED PROFESSION. THEREFORE IT IS INCUMBENT UPON THE ASSOCIATION TO HAVE A STRONG AND ACTIVE VOICE IN THE LEGISLATURE. THE ASSOCIATIONS POLITICAL ACTIVES INCLUDE MEETINGS WITH LEGISLATORS AND TESTIFYING BEFORE COMMITTEES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TaxableAmt0-1212
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY WAS PROVIDED ELECTRONICALLY TO THE BOARD MEMBERS PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0RHODE ISLAND OPTOMETRIC ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0RHODE ISLAND OPTOMETRIC ASSOCIATION POLITICAL ACTION COMMITTEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0050422715
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MEETINGS WITH LEGISLATORS AND TESTIFYING BEFORE COMMITTEES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 438
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GREENVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002828
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0RI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0209493
IRS990/TotalAssetsEOYAmt0233870
IRS990/TotalAssetsGrp/BOYAmt0209493
IRS990/TotalAssetsGrp/EOYAmt0233870
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0211761
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0280911
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0209493
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0233870
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt074405
IRS990/TotalReportableCompFromOrgAmt080715
IRS990/TotalRevenueGrp/ExclusionAmt011215
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt076597
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0299573
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0209493
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0233870
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt06231
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08 VALLEY STREAM DRIVE
IRS990/USAddress/CityNm0CUMBERLAND
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002864
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.RIOA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR STEVEN W SANTOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04019490433
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RHODE ISLAND OPTOMETRIC ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0RHOD
ReturnHeader/Filer/EIN0050302254
ReturnHeader/Filer/PhoneNum04019490433
ReturnHeader/Filer/USAddress/AddressLine1Txt08 VALLEY STREAM DRIVE
ReturnHeader/Filer/USAddress/CityNm0CUMBERLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002864
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050392605
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MULLEN SCORPIO & CERILLI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt067 CEDAR STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PROVIDENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002903
ReturnHeader/PreparerPersonGrp/PhoneNum04017513860
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY W SCORPIO
ReturnHeader/ReturnTs02024-11-05T07:59:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.86$0.00$2.86$3.38$2.90$0.48
2023Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$3.00$2.81$0.19
2022Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$2.99$2.86$0.13
2021Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$2.67$2.56$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$2.46$2.32$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$2.83$2.68$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.66$0.10$1.56$2.81$2.84$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$2.61$2.95$0.34
2016Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$2.75$2.83$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$2.52$2.67$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$2.38$2.64$0.26
2013Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$2.58$2.88$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.00$2.59$2.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.00$2.46$2.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.00$2.72$2.27
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)6 • <$500k nonprofits