Friends of Rhode Island Ave NE (EIN 460716370) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

Friends of Rhode Island Ave NE, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $656K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

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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 (2023)

Revenue Breakdown

Contributions & Grants $656,275

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $656,275

Expense Breakdown

Grants Paid $121,423

Salaries & Benefits $203,072

Fundraising Expenses $4

Program Expenses $666,086

Other Expenses $384,691

TOTAL EXPENSES $709,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$656,275	$704,909	-0.1%
Expenses	$709,186	$691,457	+0.0%
Net Income	$-52,911	$13,452	-4.9%

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

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

$115,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michaela Blanchard	Executive Director	40.00	Officer	$115,250	$0	$115,250
Chloe Fedyna	Director	1.00	Director	$0	$0	$0
Malik Edwards	Director	1.00	Director	$0	$0	$0
Evette Banfield	Secretary	2.00	Officer Director	$0	$0	$0
Monica Leibovitz	Treasurer	2.00	Officer Director	$0	$0	$0
Carlos Davis	Chair	2.00	Officer Director	$0	$0	$0
Jack Sterne	Vice Chair	1.00	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
2024	$656,275	$709,186	$253,033	$-52,911
2023	$704,909	$691,457	$185,266	$13,452
2022	$671,740	$660,740	$316,922	$11,000
2021	$863,293	$848,212	$187,731	$15,081
2020	$917,571	$892,322	$175,623	$25,249
2019	$853,055	$794,713	$278,607	$58,342
2018	$576,122	$594,440	$223,483	$-18,318

Friends of Rhode Island Ave NE