RI COMMUNITIES FOR ADDICTION RECOV… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

SANDRA VALENTINE

Phone

4014752960

Tax Period

2024-07-01 to 2025-06-30

RI COMMUNITIES FOR ADDICTION RECOVERY EFFORTS INC, founded in 1999, is a small nonprofit in the Mental Health sector that reported $830K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

RICARES IS A GRASS ROOTS EFFORT, FOCUSED ON CREATING A SOCIALLY JUST COMMUNITY FOR ALL RHODE ISLANDERS IMPACTED BY SUBSTANCE USE DISORDER. WE APPROACH STIGMA LIKE A CROSSROADS, WITH A LENS TO ADVOCATE FOR CHANGE.

Program Service Accomplishments

Program 1

Expenses: $734,310

TO SUPPORT THE ORGANIZATION'S MISSION, EFFORTS ARE MADE IN THE AREAS OF ADVOCACY AND EDUCATION, CERTIFICATION OF RECOVERY HOUSING INITIATIVES AND PROMOTION OF AWARENESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $828,259

Program Service Revenue $1,514

Investment Income $17

Other Revenue $0

TOTAL REVENUE $829,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $536,206

Fundraising Expenses $377

Program Expenses $734,310

Other Expenses $271,845

TOTAL EXPENSES $808,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$829,790	$754,320	+0.1%
Expenses	$808,051	$719,691	+0.1%
Net Income	$21,739	$34,629	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AKOSUA DANKWAH	DIRECTOR	1.00	Director	$0	$0	$0
LORI DORSEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HANRAHAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MCCLURE	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN MONTVILO	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA BOSS	VICE CHAIR	2.00	Officer	$0	$0	$0
LINDSAY GARCIA	CHAIR	2.00	Officer	$0	$0	$0
PAUL MAKOWSKI	SECRETARY	2.00	Officer	$0	$0	$0
ALEX WEST	TREASURER	2.00	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
2025	$829,790	$808,051	$557,384	$21,739
2024	$754,320	$719,691	$214,183	$34,629
2023	$390,082	$346,719	$119,260	$43,363
2022	$585,611	$571,859	$103,454	$13,752
2021	$690,518	$748,575	$134,651	$-58,057
2019	$335,490	$298,331	$154,310	$37,159

RI COMMUNITIES FOR ADDICTION RECOVERY EFFORTS INC