RHODE ISLAND ASSISTED LIVING ASSOCIATION INC (EIN 050497725) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

MICHAEL MANGASARIAN

Phone

4014358888

Tax Period

2024-01-01 to 2024-12-31

RHODE ISLAND ASSISTED LIVING ASSOCIATION INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $482K in total revenue in fiscal year 2024. The organization ran a surplus of $88K, a strong 18% operating margin.

Mission

TO REPRESENT THE INTERESTS OF ASSISTED LIVING COMMUNITIES IN RHODE ISLAND BY ADVOCATING FOR THE HIGHEST LEVEL OF INDEPENDENCE AND QUALITY OF LIFE FOR SENIORS. RIALA SERVES AS THE VOICE OF ASSISTED LIVING IN RHODE ISLAND BY PROVIDING INFORMATION, EDUCATION, TRAINING AND ADVOCATING ON BEHALF OF OUR VALUED MEMBERS AND THE POPULATION THEY SERVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $42,137

Program Service Revenue $439,532

Investment Income $2,842

Other Revenue $-2,904

TOTAL REVENUE $481,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,212

Fundraising Expenses $0

Other Expenses $206,620

TOTAL EXPENSES $393,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$481,607	$463,364	+0.0%
Expenses	$393,832	$511,870	-0.2%
Net Income	$87,775	$-48,506	-2.8%

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

$83,673

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREN YABUT	CHAIR	1.00	Officer Director	$0	$0	$0
LINDA SILVEIRA	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
KAREN PECK	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
JASEN CROZIER	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL CRISCIONE	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN LANGLOIS	SECRETARY	1.00	Officer Director	$0	$0	$0
MAGGIE CONNELLY	SEATED DIRECTOR	1.00	Director	$0	$0	$0
LYNN MARIE ALMEIDA	SEATED DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BRITO	SEATED DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE CABANA	SEATED DIRECTOR	1.00	Director	$0	$0	$0
HAIGOUHI CORRIVEAU	SEATED DIRECTOR	1.00	Director	$0	$0	$0
ALBERT PETERSON	SEATED DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW REEBER ESQ	SEATED DIRECTOR	1.00	Director	$0	$0	$0
JOHN STEFANIK	SEATED DIRECTOR	1.00	Director	$0	$0	$0
AKSHAY TALWAR	SEATED DIRECTOR	1.00	Director	$0	$0	$0
VINCENT MESSINA	SEATED DIRECTOR	1.00	Director	$0	$0	$0
HANAN BABIKIR BEDRI	EXECUTIVE DIRECTOR	40.00	Officer	$83,673	$0	$83,673

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	$481,607	$393,832	$639,578	$87,775
2023	$463,364	$511,870	$543,735	$-48,506
2022	$427,451	$425,868	$573,038	$1,583
2021	$418,739	$399,213	$461,609	$19,526
2020	$344,860	$370,581	$412,572	$-25,721
2019	$428,982	$406,568	$440,509	$22,414
2018	$413,047	$388,094	$411,456	$24,953

RHODE ISLAND ASSISTED LIVING ASSOCIATION INC