PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF RHODE ISLAND, founded in 1979, is a small nonprofit in the Education sector that reported $616K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $595K left a modest 3% surplus.
INTERPRET FOR THE GENERAL PUBLIC THE ROLE AND CONTRIBUTIONS OF INDEPENDENT INSTITUTIONS OF HIGHER LEARNING IN RHODE ISLAND; SERVE AS A CENTRAL SOURCE OF INFORMATION FOR APPRORIATE PUBLIC AND PRIVATEAGENCIES, AS WELL AS THE GENERAL PUBLIC.
COLLECTED, ACCUMULATED AND DISSEMINATED INFORMATION AND DATA TO THE EIGHT MEMEBER INSTITUTION INDEPENDENT COLLEGES AND UNIVERSITIES IN THE STATE OF RHODE ISLAND. COMMUNICATED WITH INDIVIDUALS...
COLLECTED, ACCUMULATED AND DISSEMINATED INFORMATION AND DATA TO THE EIGHT MEMEBER INSTITUTION INDEPENDENT COLLEGES AND UNIVERSITIES IN THE STATE OF RHODE ISLAND. COMMUNICATED WITH INDIVIDUALS, ORGANIZATIONS, AND THE GENERAL PUBLIC TO EXPLAIN THE CONTRIBUTIONS AND IMPACT OF THE EIGHT INDEPENDENT HIGHER EDUCATION INSTITUTIONS, EDUCATIONAL, SOCIAL, CULTURAL, AND ECONOMIC BENEFITS TO THE PEOPLE OF RHODE ISLAND AND PURSUED APPROPRIATE PARTNERSHIPS TO DO SO. WORKED COOPERATIVELY AND COLLABORATIVELY WITH OTHER INSTITUTIONS TO ASSIST IN MEETING THE SOCIAL, EDUCATIONAL AND HEALTH NEEDS. PARTICULARLY OF SCHOOL CHILDREN IN THE CITY OF PROVIDENCE AND THROUGHTOUT THE ENTIRE STATE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $615,942 | $561,436 | +0.1% |
| Expenses | $594,593 | $559,823 | +0.1% |
| Net Income | $21,349 | $1,613 | +12.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KELLI ARMSTRONG | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROSS GITTELL | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| REVERAND KENNETH SICARD | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTINA PAXSON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIE BERNANDO-SOUSA | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD GOUSE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CRYSTAL WILLIAMS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| IOANNIS MIAOULIS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL EGAN | PRESIDENT | 40.00 |
Officer
|
$250,789 | $71,422 | $322,211 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $615,942 | $594,593 | $398,511 | $21,349 |
| 2023 | $561,436 | $559,823 | $505,028 | $1,613 |
| 2022 | $554,368 | $528,680 | $300,102 | $25,688 |
| 2021 | $520,730 | $468,036 | $247,940 | $52,694 |
| 2020 | $493,545 | $438,709 | $308,394 | $54,836 |
| 2019 | $499,174 | $439,510 | $376,884 | $59,664 |
Compare ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF RHODE ISLAND with other nonprofits in Rhode Island and across the country.