ACHIEVEMENT FIRST RHODE ISLAND INC C/O ACHIEVEMENT FIRST INC (EIN 461986417) - 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

2012

Legal Domicile

Principal Officer

JAMES WILEY

Phone

2037733223

Tax Period

2022-07-01 to 2023-06-30

ACHIEVEMENT FIRST RHODE ISLAND INC C/O ACHIEVEMENT FIRST INC, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $53.4M in total revenue in fiscal year 2022. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $49.6M left a modest 7% surplus.

Mission

THE MISSION OF ACHIEVEMENT FIRST RHODE ISLAND IS TO STRENGTHEN THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP-TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. THE SCHOOL SERVES STUDENTS FROM LOW INCOME HOUSEHOLDS IN PROVIDENCE AND SURROUNDING COMMUNITIES IN RHODE ISLAND. THE SCHOOL OFFERS KINDERGARTEN THROUGH TENTH GRADE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,783,142

Program Service Revenue $47,281,077

Investment Income $295,632

Other Revenue $27,444

TOTAL REVENUE $53,387,295

Expense Breakdown

Grants Paid $8,585

Salaries & Benefits $26,735,074

Fundraising Expenses $41,000

Program Expenses $43,538,365

Other Expenses $22,822,215

TOTAL EXPENSES $49,565,874

Year-over-Year Comparison

	2022	2021	Change
Revenue	$53,387,295	$43,534,059	+0.2%
Expenses	$49,565,874	$42,905,154	+0.2%
Net Income	$3,821,421	$628,905	+5.1%

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

477

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WILEY	TREASURER	1.00	Officer Director	$0	$0	$0
JO-ANN SCHOFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN IGLIOZZI	DIRECTOR	1.00	Director	$0	$0	$0
MACKY MCCLEARLY	DIRECTOR	1.00	Director	$0	$0	$0
MARYELLEN BUTKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MAYOR BRETT SMILEY	CHAIR	1.00	Officer Director	$0	$0	$0
MAYOR CHARLES LOMBARDI	DIRECTOR	1.00	Director	$0	$0	$0
MAYOR JORGE ELORZA	OUTGOING CHAIR	1.00	Officer Director	$0	$0	$0
AJA DAVIS	PRINCIPAL	40.00	Highest	$164,812	$18,474	$183,286
ANDREW WALKER	PRINCIPAL	40.00	Highest	$148,246	$10,624	$158,870
BREONNA M HUDGINS	PRINCIPAL	40.00	Highest	$144,174	$12,034	$156,208
DONAVAN L TRACEY	PRINCIPAL	40.00	Highest	$166,063	$9,388	$175,451
MINDY RICE	ACADEMIC DEAN & PRINCIPAL	40.00	Highest	$145,126	$2,500	$147,626

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$53,387,295	$49,565,874	$80,620,877	$3,821,421
2022	$43,534,059	$42,905,154	$69,973,568	$628,905
2021	$34,238,868	$28,500,972	$19,683,627	$5,737,896
2020	$24,759,125	$24,585,613	$16,165,743	$173,512
2020	$24,759,125	$24,585,613	$16,165,743	$173,512
2019	$19,491,830	$19,236,974	$14,183,256	$254,856
2018	$16,256,869	$16,207,891	$9,799,560	$48,978

ACHIEVEMENT FIRST RHODE ISLAND INC C/O ACHIEVEMENT FIRST INC