FINANCIAL ALLIANCE FOR REPRESENTATION AND EMPOWERMENT

EIN: 920759505 Community Improvement

COLUMBUS, OH

Total Revenue
$538,500
Total Expenses
$422,658
Total Assets
$25,140
Net Assets
$24,843
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
OH
Principal Officer
NICOLE RIDLEY
Phone
6143305068
Tax Period
2025-01-01 to 2025-12-31

FINANCIAL ALLIANCE FOR REPRESENTATION AND EMPOWERMENT, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $538K in total revenue in fiscal year 2025. The organization ran a surplus of $116K, a strong 22% operating margin.

Mission

TO INCREASE AND DRIVE INCLUSION WITHIN THE FINANCIAL SERVICES INDUSTRY AND COMMUNITIES THAT IT SERVES

Program Service Accomplishments

Program 1

FARE HBCU SECURITIES INDUSTRY ESSENTIALS (SIE) SCHOLARSHIP PROGRAM THE FARE HBCU SIE SCHOLARSHIP PROGRAM AIMS TO SUPPORT STUDENTS ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS) BY...

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FARE HBCU SECURITIES INDUSTRY ESSENTIALS (SIE) SCHOLARSHIP PROGRAM THE FARE HBCU SIE SCHOLARSHIP PROGRAM AIMS TO SUPPORT STUDENTS ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS) BY COVERING THE COST OF THE SECURITIES INDUSTRY ESSENTIALS (SIE) EXAM. THE SIE EXAM IS A FOUNDATIONAL REQUIREMENT FOR CAREERS IN THE SECURITIES INDUSTRY AND DEMONSTRATES AN INDIVIDUAL'S KNOWLEDGE OF CORE FINANCIAL CONCEPTS. PROGRAM BENEFITS: -FULL REIMBURSEMENT FOR THE SIE EXAM FEE -ACCESS TO STUDY MATERIALS AND RESOURCES -GUIDANCE FROM FINANCIAL SERVICES PROFESSIONALS -INCREASED CAREER OPPORTUNITIES WITHIN THE INDUSTRY

Program 2

FARE CFP CERTIFICATION SCHOLARSHIP THE FARE CFP CERTIFICATION SCHOLARSHIP SUPPORTS INDIVIDUALS FROM UNDERREPRESENTED COMMUNITIES WHO ASPIRE TO BECOME CERTIFIED FINANCIAL PLANNERS (CFP). THE...

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FARE CFP CERTIFICATION SCHOLARSHIP THE FARE CFP CERTIFICATION SCHOLARSHIP SUPPORTS INDIVIDUALS FROM UNDERREPRESENTED COMMUNITIES WHO ASPIRE TO BECOME CERTIFIED FINANCIAL PLANNERS (CFP). THE SCHOLARSHIP PROVIDES FINANCIAL ASSISTANCE TO COVER A PORTION OF THE COST ASSOCIATED WITH EARNING THE CFP DESIGNATION. SCHOLARSHIP BENEFITS: -FINANCIAL ASSISTANCE FOR CFP COURSEWORK AND EXAM FEES -NETWORKING OPPORTUNITIES WITH INDUSTRY PROFESSIONALS -CAREER MENTORSHIP AND GUIDANCE -PATHWAY TO INCREASE DIVERSE REPRESENTATION IN FINANCIAL PLANNING

Program 3

HBCU LIVE HBCU LIVE IS FARE'S SIGNATURE ANNUAL EVENT DESIGNED TO CONNECT HBCU STUDENTS WITH FINANCIAL SERVICES PROFESSIONALS THROUGH INTERACTIVE WORKSHOPS, PANEL DISCUSSIONS, AND NETWORKING...

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HBCU LIVE HBCU LIVE IS FARE'S SIGNATURE ANNUAL EVENT DESIGNED TO CONNECT HBCU STUDENTS WITH FINANCIAL SERVICES PROFESSIONALS THROUGH INTERACTIVE WORKSHOPS, PANEL DISCUSSIONS, AND NETWORKING OPPORTUNITIES. THIS HIGH- ENERGY EVENT PROVIDES STUDENTS WITH THE TOOLS AND KNOWLEDGE NEEDED TO EXCEL IN THE FINANCIAL SERVICES INDUSTRY. KEY FEATURES OF HBCU LIVE: -PANEL DISCUSSIONS: INDUSTRY EXPERTS SHARE INSIGHTS ON CAREER PATHWAYS, FINANCIAL LITERACY, AND INDUSTRY TRENDS. -WORKSHOPS: HANDS-ON SESSIONS FOCUSED ON PROFESSIONAL DEVELOPMENT, RESUME BUILDING, AND INTERVIEW PREPARATION. -NETWORKING OPPORTUNITIES: STUDENTS ENGAGE WITH RECRUITERS, MENTORS, AND INDUSTRY LEADERS. -STUDENT COMPETITIONS & SCHOLARSHIPS: PARTICIPANTS HAVE THE CHANCE TO WIN SCHOLARSHIPS AND OTHER CAREER-BUILDING OPPORTUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $538,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $538,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $222,428
Fundraising Expenses $0
Other Expenses $200,230
TOTAL EXPENSES $422,658

Year-over-Year Comparison

2025 2024 Change
Revenue $538,500 $551,670 0.0%
Expenses $422,658 $723,152 -0.4%
Net Income $115,842 $-171,482 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
1

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
2
$150,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE RIDLEY EXECUTIVE DI 40.00
Officer
$150,000 $0 $150,000
KRISTI RODRIGUEZ PRESIDENT 5.00
Officer Director
$0 $0 $0
SHANI ARMON BOARD MEMBER 5.00
Director
$0 $0 $0
RHONDA BURNS BOARD MEMBER 5.00
Director
$0 $0 $0
REGINA CURRY BOARD MEMBER 5.00
Director
$0 $0 $0
DONALD ELLENBERGER BOARD MEMBER 5.00
Director
$0 $0 $0
CLARENCE KNOX BOARD MEMBER 5.00
Director
$0 $0 $0
SHAREEN LUZE BOARD MEMBER 5.00
Director
$0 $0 $0
KIZMET MOORE BOARD MEMBER 5.00
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
2025 $538,500 $422,658 $25,140 $115,842
2024 $551,670 $723,152 $24,536 $-171,482
2023 $385,000 $304,517 $87,659 $80,483
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