AFRICAN ALLIANCE OF RHODE (AARI)

EIN: 201688094 501(c)(3) Human Services

Providence, RI

Total Revenue
$677,090
Total Expenses
$512,137
Total Assets
$674,266
Net Assets
$659,811
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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
2003
Legal Domicile
RI
Principal Officer
Julius Kolawole
Phone
4013315535
Tax Period
2024-01-01 to 2024-12-31

AFRICAN ALLIANCE OF RHODE (AARI), founded in 2003, is a small nonprofit in the Human Services sector that reported $677K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 24% operating margin.

Mission

Advocacy for peoples of African descent

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $318,569
Program Service Revenue $358,521
Investment Income $0
Other Revenue $0
TOTAL REVENUE $677,090

Expense Breakdown

Grants Paid $0
Salaries & Benefits $133,173
Fundraising Expenses $0
Program Expenses $333,241
Other Expenses $378,964
TOTAL EXPENSES $512,137

Year-over-Year Comparison

2024 2023 Change
Revenue $677,090 $398,212 +0.7%
Expenses $512,137 $238,602 +1.1%
Net Income $164,953 $159,610 +0.0%
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

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Governance

Voting Members
11
Independent Members
10
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIUS KOLAWOLE President 0.00
Officer 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 $677,090 $512,137 $674,266 $164,953
2023 $398,212 $238,602 $378,991 $159,610
2022 $373,363 $207,354 $355,327 $166,009
2021 $297,701 $273,410 $248,148 $24,291
2020 $275,996 $119,921 $222,857 $156,075
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