RHODE ISLAND COMMUNITY ACTION ASSO… - 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

1992

Legal Domicile

Principal Officer

PAUL SALERA

Phone

4019214968

Tax Period

2024-07-01 to 2025-06-30

RHODE ISLAND COMMUNITY ACTION ASSOCIATION, founded in 1992, is a small nonprofit that reported $334K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

SERVE RHODE ISLAND'S NETWORK OF COMMUNITY ACTION AGENCIES THROUGH TRAINING, AND TECHNICAL ASSISTANCE, PUBLIC EDUCATION, CAPACITY BUILDING, AND FOR THE DEVELOPMENT OF PUBLIC POLICY TO ADDRESS THE IMPACT OF POVERTY IN OUR STATE.

Program Service Accomplishments

Program 1

Expenses: $177,499

COMMUNITY SERVICE BLOCK GRANT - TO PROVIDE ASSISTANCE TO STATES AND LOCAL COMMUNITIES, WORKING THROUGH A NETWORK OF COMMUNITY ACTION AGENCIES AND OTHER NEIGHBORHOOD-BASED ORGANIZATIONS, FOR THE...

COMMUNITY SERVICE BLOCK GRANT - TO PROVIDE ASSISTANCE TO STATES AND LOCAL COMMUNITIES, WORKING THROUGH A NETWORK OF COMMUNITY ACTION AGENCIES AND OTHER NEIGHBORHOOD-BASED ORGANIZATIONS, FOR THE REDUCTION OF POVERTY, REVITALIZATION OF LOW-INCOME COMMUNITIES, AND EMPOWERMENT OF LOW-INCOME FAMILIES AND INDIVIDUALS IN RURAL AND URBAN AREAS TO BECOME FULLY SELF-SUFFICIENT.

Program 2

Expenses: $42,120

OCS: LEGAL TRAINING AND TECHNICAL ASSISTANCE - TO SUPPORT ENHANCED STATE, REGIONAL AND NATIONAL T/TA TO STRENGTHEN AND EXPAND THE CAPACITY AND ABILITY OF COMMUNITY ACTION AGENCIES TO DEAL WITH LEGAL ISSUES, ESPECIALLY THOSE DEALING WITH THE FINANCIAL MANAGEMENT AND GOVERNANCE OF THEIR AGENCIES FUNDED UNDER CSBG.

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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 $332,907

Program Service Revenue $0

Investment Income $0

Other Revenue $606

TOTAL REVENUE $333,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,599

Fundraising Expenses $0

Program Expenses $219,619

Other Expenses $233,977

TOTAL EXPENSES $325,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$333,513	$307,232	+0.1%
Expenses	$325,576	$313,800	+0.0%
Net Income	$7,937	$-6,568	-2.2%

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 SALERA	BOARD CO-CHAIRMAN	2.50	Officer Director	$0	$0	$0
RILWAN FEYISITAN	BOARD CO-CHAIRMAN	0.50	Officer Director	$0	$0	$0
DAVID BODAH	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BANNO	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH DESANTIS	DIRECTOR	0.50	Director	$0	$0	$0
BENEDICT LESSING	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS MANSFIELD	DIRECTOR	0.50	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	$333,513	$325,576	$194,024	$7,937
2024	$307,232	$313,800	$214,632	$-6,568
2023	$293,691	$302,364	$187,284	$-8,673
2022	$334,803	$317,736	$161,362	$17,067
2021	$328,973	$344,796	$176,140	$-15,823
2020	$188,455	$231,884	$207,065	$-43,429
2019	$273,309	$285,221	$250,946	$-11,912
2018	$1,367,329	$1,369,955	$251,562	$-2,626

RHODE ISLAND COMMUNITY ACTION ASSOCIATION