THE ALCOVE

EIN: 331823797 501(c)(3) Human Services

PROVIDENCE, RI

Total Revenue
$295,543
Total Expenses
$352,080
Total Assets
$168,572
Net Assets
$153,343
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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
2024
Legal Domicile
RI
Principal Officer
MARISA ALBANESE
Phone
4014433345
Tax Period
2025-01-01 to 2025-12-31

THE ALCOVE, founded in 2024, is a small nonprofit in the Human Services sector that reported $296K in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $352K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE ALCOVE CREATES COLLECTIVE MOMENTUM THROUGH INCLUSIVE AND INTENTIONAL CONNECTIONS FOR AND BY WOMEN AND GENDER EXPANSIVE PEOPLE. THE ALCOVE ENVISIONS A WORLD WHERE COMMUNITIES ARE ROOTED IN GENDER EQUITY AND WHERE PEOPLE ACROSS IDENTITIES HAVE MEANINGFUL SPACES TO GATHER. WE WILL EDUCATE BY AMPLIFYING THE WORK AND LIVES OF INSPIRING WOMEN AND GENDER EXPANSIVE INDIVIDUALS IN RHODE ISLAND AND BEYOND; AND BUILD PURPOSEFUL CONNECTIONS BETWEEN COMMUNITY MEMBERS WHILE OFFERING THEM A SAFE AND ACCESSIBLE FEMINIST HAVEN IN WHICH TO MEET.

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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 (2025)

Revenue Breakdown

Contributions & Grants $294,941
Program Service Revenue $0
Investment Income $0
Other Revenue $602
TOTAL REVENUE $295,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $273,633
Fundraising Expenses $6,491
Program Expenses $293,751
Other Expenses $78,447
TOTAL EXPENSES $352,080

Year-over-Year Comparison

2025 2024 Change
Revenue $295,543 $225,000 +0.3%
Expenses $352,080 $15,120 +22.3%
Net Income $-56,537 $209,880 -1.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
1

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
4
$104,530
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE HOLLAND PRESIDENT 2.00
Officer Director
$0 $0 $0
MARISA ALBANESE TREASURER 1.00
Officer Director
$0 $0 $0
FELICIA SALINAS-MONIZ SECRETARY 1.00
Officer Director
$0 $0 $0
DANA BORRELLI-MURRAY DIRECTOR 1.00
Director
$0 $0 $0
MARCELA BETANCUR DIRECTOR 1.00
Director
$0 $0 $0
TOUBA GHADESSI DIRECTOR 1.00
Director
$0 $0 $0
SARA GILKENSON DIRECTOR 1.00
Director
$0 $0 $0
AMANDA STRAUSS EXECUTIVE DIRECTOR 40.00
Officer
$98,530 $6,000 $104,530
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 $295,543 $352,080 $168,572 $-56,537
2024 No data No data No data No data
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