RHODE ISLAND BLACK BUSINESS ASSOCIATION

EIN: 451454867 Community Improvement

PROVIDENCE, RI

Total Revenue
$1,577,829
Total Expenses
$1,159,570
Total Assets
$2,071,761
Net Assets
$765,693
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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
2011
Legal Domicile
RI
Principal Officer
LISA RANGLIN
Phone
4013831179
Tax Period
2023-01-01 to 2023-12-31

RHODE ISLAND BLACK BUSINESS ASSOCIATION, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $418K, a strong 27% operating margin.

Mission

TO HELP BLACK AND MINORITY BUSINESS GROW

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,142,128
Program Service Revenue $394,680
Investment Income $30,734
Other Revenue $10,287
TOTAL REVENUE $1,577,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $726,223
Fundraising Expenses $77,985
Program Expenses $534,917
Other Expenses $347,035
TOTAL EXPENSES $1,159,570

Year-over-Year Comparison

2023 2022 Change
Revenue $1,577,829 $986,623 +0.6%
Expenses $1,159,570 $798,585 +0.5%
Net Income $418,259 $188,038 +1.2%
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

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Governance

Voting Members
16
Independent Members
16
Employees
5
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
na na N/A
$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 No data No data No data No data
2023 $1,577,829 $1,159,570 $2,071,761 $418,259
2022 $986,623 $798,585 $1,433,712 $188,038
2021 $497,184 $451,503 $398,537 $45,681
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