RHODE ISLAND BLACK STORYTELLERS

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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

2000

Legal Domicile

Principal Officer

VALERIE TUTSON

Phone

4015638998

Tax Period

2023-10-01 to 2024-09-30

RHODE ISLAND BLACK STORYTELLERS, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $264K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $316K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROMOTE AWARENESS OF BLACK STORYTELLING

Program Service Accomplishments

Program 1

Expenses: $255,888 Revenue: $69,688

TO PROMOTE THE AWARENESS, APPRECIATION AND APPLICATION OF BLACK STORYTELLERS THROUGH PERFORMANCES, EDUCATIONAL AND CULTURAL EXPERIENCES FOR RHODE ISLAND AUDIENCES.

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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 $183,137

Program Service Revenue $69,688

Investment Income $0

Other Revenue $10,758

TOTAL REVENUE $263,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,823

Fundraising Expenses $23,417

Program Expenses $255,888

Other Expenses $219,388

TOTAL EXPENSES $316,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,583	$337,351	-0.2%
Expenses	$316,211	$295,660	+0.1%
Net Income	$-52,628	$41,691	-2.3%

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

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

$60,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD PRICE JR	PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
CLARISSA WALKER PHD	SECRETARY	1.00	Officer Director	$0	$0	$0
EMILIA PENA-DISLA	DIRECTOR	1.00	Director	$0	$0	$0
CHONTELL NELSON-WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JOSH AVILA	DIRECTOR	1.00	Director	$0	$0	$0
TOSIN OJUGBELE	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE TUTSON	EXECUTIVE DIRECTOR	30.00	Officer	$60,643	$0	$60,643

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	$263,583	$316,211	$239,098	$-52,628
2023	$337,351	$295,660	$181,997	$41,691
2022	$262,803	$240,578	$144,406	$22,225