Urban League of Rhode Island c/o P… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

Peter Furness Esq

Phone

4013515000

Tax Period

2023-07-01 to 2024-06-30

Urban League of Rhode Island c/o Peter Furness Esq, founded in 1939, is a micro nonprofit that reported $32K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $132K exceeded revenue, resulting in a 314% operating deficit.

Mission

To assist in developing solutions to improve conditions in problem ridden communitiesaffected by racial inequalities.

Program Service Accomplishments

Program 1

Expenses: $80,345 Revenue: $5,270

Social services such as case management, advocacy and public policy.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,168

Program Service Revenue $5,270

Investment Income $20,467

Other Revenue $0

TOTAL REVENUE $31,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,478

Fundraising Expenses $0

Program Expenses $80,345

Other Expenses $95,739

TOTAL EXPENSES $132,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,905	$991,382	-1.0%
Expenses	$132,217	$45,834	+1.9%
Net Income	$-100,312	$945,548	-1.1%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beverly E Ledbetter Esq	Board Chair	2.00	Officer Director	$0	$0	$0
Bettye Williams Clanton	Director	2.00	Director	$0	$0	$0
Andre Howell	Treasurer	2.00	Officer Director	$0	$0	$0
Glenn Prescod	Director	2.00	Director	$0	$0	$0
Marcus Mitchell	Director	2.00	Director	$0	$0	$0
Grace Gonzalez	Director	2.00	Director	$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
2024	$31,905	$132,217	No data	$-100,312
2023	$991,382	$45,834	$708,669	$945,548
2022	$18,994	$122,450	$1,368,088	$-103,456
2021	$28,767	$118,273	$1,471,542	$-89,506
2020	$60,180	$81,939	$1,561,048	$-21,759
2019	$62,250	$47,092	$1,584,666	$15,158
2018	$46,437	$74,412	$1,556,079	$-27,975

Urban League of Rhode Island c/o Peter Furness Esq