AFRICAN ALLIANCE OF RHODE ISLAND (… - 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

2003

Legal Domicile

Principal Officer

JULIUS KOLAWOLE

Tax Period

2025-01-01 to 2025-12-31

AFRICAN ALLIANCE OF RHODE ISLAND (AARI), founded in 2003, is a small nonprofit in the Human Services sector that reported $380K in total revenue in fiscal year 2025. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $341K left a modest 10% surplus.

Mission

AARI has successfully launched community gardens, health and wellness programs, a 6-acre farm in Johnston, and cultural events that celebrate and preserve African traditions

Program Service Accomplishments

Program 1

Expenses: $317,707 Revenue: $132,625

REFUGEES FARMING AND GARDENING PROGRAMS

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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 (2025)

Revenue Breakdown

Contributions & Grants $247,508

Program Service Revenue $132,625

Investment Income $0

Other Revenue $0

TOTAL REVENUE $380,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,443

Fundraising Expenses $0

Program Expenses $317,707

Other Expenses $151,657

TOTAL EXPENSES $341,100

Year-over-Year Comparison

	2025	2024	Change
Revenue	$380,133	$677,090	-0.4%
Expenses	$341,100	$512,137	-0.3%
Net Income	$39,033	$164,953	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIUS KOLAWOLE	PRESIDENT	015.00	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
2025	$380,133	$341,100	$921,893	$39,033
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

AFRICAN ALLIANCE OF RHODE ISLAND (AARI)