RHODE ISLAND BLACK HERITAGE SOCIETY

EIN: 510189067 501(c)(3) Arts, Culture & Humanities

PROVIDENCE, RI

Total Revenue
$605,738
Total Expenses
$510,821
Total Assets
$196,937
Net Assets
$196,937
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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
1976
Legal Domicile
RI
Principal Officer
THERESA GUZMAN STOKES
Phone
4013432620
Tax Period
2023-01-01 to 2023-12-31

RHODE ISLAND BLACK HERITAGE SOCIETY, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $606K in total revenue in fiscal year 2023. Revenue surged 1038% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 16% operating margin.

Mission

THE PROMOTION AND PRESERVATION OF RHODE ISLAND'S AFRICAN AMERICAN ARTIFACTS

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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 $604,836
Program Service Revenue $734
Investment Income $168
Other Revenue $0
TOTAL REVENUE $605,738

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $312,957
Fundraising Expenses $0
Program Expenses $510,821
Other Expenses $187,864
TOTAL EXPENSES $510,821

Year-over-Year Comparison

2023 2022 Change
Revenue $605,738 $53,243 +10.4%
Expenses $510,821 $382,549 +0.3%
Net Income $94,917 $-329,306 -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
3
Independent Members
3
Employees
6
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
3
$116,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THERESA GUZMAN STOKES VICE PRESIDE 40.00
Officer
$95,000 $0 $95,000
KEITH STOKES DIRECTOR 5.00
Officer
$21,000 $0 $21,000
DON MAYS PRESIDENT 5.00
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
2023 $605,738 $510,821 $196,937 $94,917
2021 $578,383 $171,692 $431,326 $406,691
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