RIAFC FOUNDATION

EIN: 451840670 501(c)(3) Public Safety

PROVIDENCE, RI

Total Revenue
$237,082
Total Expenses
$297,140
Total Assets
$73,262
Net Assets
$23,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
RI
Principal Officer
WILLIAM GIANNINI
Tax Period
2019-01-01 to 2019-12-31

RIAFC FOUNDATION, founded in 2011, is a small nonprofit in the Public Safety sector that reported $237K in total revenue in fiscal year 2019. Expenses of $297K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE PURPOSE OF THIS NON-PROFIT CORPORATION IS TO BE A PUBLIC CHARITY WHOSE FOCUS IS TO RAISE FUNDS,AND DISSEMINATE THOSE FUNDS, TO AID THE EDUCATION AND TRAINING OF THE FIRE SERVICE AS WELL AS TO SUPPORT,AND WORK CLOSELY WITH ORGANIZTIONS AND MEMBERS OF THE COMMUNITY WHOSE CHARITABLE EFFORTS STRENGTHEN THE FIRE SERVICE AND THE COMMUNITY IN GENERAL. TO ACCOMPLISH THIS PURPOSE THE FOUNDATION SHALL: A) PROVIDE FOR THE ASSEMBLY OF RIAFC FOUNDATION DIRECTORS AND EXECUTIVE BOARD MEMBERS TO DISCUSS WAYS AND MEANS TO RAISE AND DISSEMINATE FUNDS THAT WILL BE USED FOR THE BETTERMENT OF THE FIRE SERVICE AND THE COMMUNITY IN GENERAL. B)TO COOPERATE WITH ALL ALLIED AND INTERESTED ORGANIZATIONS THAT PROMOTE PROGRAMS THAT FURTHER THE EDUCATION AND TRAINING GOALS AND OBJECTIVES OF THE FIRE SERVICE. C)TO HELP FUND AND ENCOURAGE THE DEVELOPMENT OF PUBLIC EDUCATION IN FIRE PREVENTION FOR THE PRESERVATION OF HUMAN LIFE AND PROTECTION OF PROPERTY AND MATERIAL RESOURCES FROM DESTRUCTION BY FIRE. D)TO FINANC

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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 (2019)

Revenue Breakdown

Contributions & Grants $235,776
Program Service Revenue $0
Investment Income $1,306
Other Revenue $0
TOTAL REVENUE $237,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $7,066
Program Expenses $285,796
Other Expenses $297,140
TOTAL EXPENSES $297,140

Year-over-Year Comparison

2019 2018 Change
Revenue $237,082 N/A N/A
Expenses $297,140 N/A N/A
Net Income $-60,058 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
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
6
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BRADLEY DIRECTOR N/A
Director
$0 $0 $0
KENNETH FINLAY DIRECTOR N/A
Director
$0 $0 $0
RICHARD PETRIN DIRECTOR N/A
Director
$0 $0 $0
KIMBERLY DAWSON SECRETARY N/A
Officer
$0 $0 $0
WILLIAM GIANNINI TREASURER N/A
Officer
$0 $0 $0
STUART PEARSON VICE PRESIDE N/A
Officer
$0 $0 $0
RICHARD SUSI ASSISANT SEC N/A
Officer
$0 $0 $0
RICHARD SUSI OTHER OFFICE N/A
Officer
$0 $0 $0
TIMOTHY WALSH PRESIDENT N/A
Officer
$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
2019 $237,082 $297,140 $73,262 $-60,058
2019 $287,082 $297,140 $73,262 $-10,058
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