FRIENDS OF ARI INC C/O EDWARD GRAN… - 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

1997

Legal Domicile

Principal Officer

PAUL MACARI

Phone

2033232400

Tax Period

2021-07-01 to 2022-06-30

FRIENDS OF ARI INC C/O EDWARD GRANELLI TREASURER, founded in 1997, is a micro nonprofit that reported $122K in total revenue in fiscal year 2021. Revenue fell 145% from the prior year — a significant decline worth monitoring.

Mission

FRIENDS OF ARI, INC. WAS ESTABLISHED ON OCTOBER 10, 1997 TO SOLICIT AND DISTRIBUTE FUNDS TO ANY PUBLIC CHARITIES SERVING PEOPLE WITH DEVELOPMENTAL DISABILITIES AND TO PROVIDE HOUSING OPPORTUNITIES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. DISTRIBUTIONS WILL BE MADE TO PUBLIC CHARITIES IN THE GREATER STAMFORD AREA INCLUDING ARI OF CONNECTICUT, INC.

Program Service Accomplishments

Program 1

PROVIDED HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS AND RAISED FUNDS FOR CONTRIBUTION TO ORGANIZATIONS PROVIDING SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS IN GREATER STAMFORD AREA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $-121,710

TOTAL REVENUE $-121,710

Expense Breakdown

Grants Paid $753,555

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $756,055

Other Expenses $2,500

TOTAL EXPENSES $756,055

Year-over-Year Comparison

	2021	2020	Change
Revenue	$-121,710	$269,412	-1.5%
Expenses	$756,055	$7,114	+105.3%
Net Income	$-877,765	$262,298	-4.3%

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

N/A

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
PAUL MACARI	BOARD PRESIDENT	10.00	Director	$0	$0	$0
EDWARD GRANELLI	BOARD TREASURER	10.00	Director	$0	$0	$0
PHILIP MOLSTRE	BOARD SECRETARY	10.00	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
2022	$-121,710	$756,055	No data	$-877,765
2021	$269,412	$7,114	$877,765	$262,298
2020	$-16,426	$250,000	$615,467	$-266,426
2019	$21,196	$119,207	$881,893	$-98,011
2018	$93,522	$70,290	$979,904	$23,232

FRIENDS OF ARI INC C/O EDWARD GRANELLI TREASURER