Rhode Island Association Of Facilities For The Aging
Rhode Island Association Of Facilities For The Aging: Consistent Revenue, Declining Assets
EIN: 223048457 · Wallingford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $258K |
| Total Expenses | $279K |
| Program Spending | 70% |
| Net Assets | $32K |
| Transparency Score | 65/100 |
Is Rhode Island Association Of Facilities For The Aging Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhode Island Association Of Facilities For The Aging directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rhode Island Association Of Facilities For The Aging
Rhode Island Association Of Facilities For The Aging (EIN: 223048457) is a nonprofit organization based in Wallingford, CT. The organization reported total revenue of $258K and total assets of $56K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Association Of Facilities For The Aging's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Association Of Facilities For The Aging is a small nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $279K |
| Surplus / Deficit | $-32,131 |
| Total Assets | $97K |
| Total Liabilities | $65K |
| Net Assets | $32K |
| Operating Margin | -13.0% |
| Debt-to-Asset Ratio | 67.2% |
| Months of Reserves | 4.2 months |
Financial Health Grade: C
In 2023, Rhode Island Association Of Facilities For The Aging reported a deficit of $32K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 67.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Rhode Island Association Of Facilities For The Aging's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +4.2% | -16.0% |
| 2022 | +1.4% | +32.4% | -56.9% |
| 2021 | +0.5% | -0.6% | +27.5% |
| 2020 | -17.5% | -17.8% | +111.4% |
| 2019 | +7.3% | +0.2% | +79.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rhode Island Association Of Facilities For The Aging with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Rhode Island Association Of Facilities For The Aging allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.2%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rhode Island Association Of Facilities For The Aging's IRS 990 filings:
- Total assets have significantly declined from $268,937 in 2021 to $56,423 in 2023, raising concerns about long-term financial stability.
- The organization consistently operates at a deficit, with expenses exceeding revenue in most reported years (e.g., $279,400 expenses vs. $247,269 revenue in 2023).
Strengths
The following positive indicators were identified for Rhode Island Association Of Facilities For The Aging:
- Consistent revenue generation over the past several years, averaging around $250,000 annually.
- Low liability levels relative to assets in recent years, suggesting manageable debt.
Frequently Asked Questions about Rhode Island Association Of Facilities For The Aging
Is Rhode Island Association Of Facilities For The Aging a legitimate charity?
Rhode Island Association Of Facilities For The Aging (EIN: 223048457) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $258K. 2 red flags identified. 2 strengths noted. Financial health grade: C.
How does Rhode Island Association Of Facilities For The Aging spend its money?
Rhode Island Association Of Facilities For The Aging directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Rhode Island Association Of Facilities For The Aging tax-deductible?
Rhode Island Association Of Facilities For The Aging is registered as a tax-exempt nonprofit (EIN: 223048457). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rhode Island Association Of Facilities For The Aging's spending goes to programs?
Rhode Island Association Of Facilities For The Aging directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Rhode Island Association Of Facilities For The Aging located?
Rhode Island Association Of Facilities For The Aging is headquartered in Wallingford, Connecticut and files with the IRS under EIN 223048457.
How many years of IRS 990 filings does Rhode Island Association Of Facilities For The Aging have?
Rhode Island Association Of Facilities For The Aging has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $258K in total revenue.
What does Rhode Island Association Of Facilities For The Aging do?
Rhode Island Association Of Facilities For The Aging is a nonprofit organization in the Unknown sector, located in Wallingford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Rhode Island Association Of Facilities For The Aging have?
Rhode Island Association Of Facilities For The Aging reported total revenue of $257,634. Based on 14 IRS 990 filings on record.
What are Rhode Island Association Of Facilities For The Aging's total assets?
Rhode Island Association Of Facilities For The Aging holds total assets of $56,423 as reported in IRS 990 filings.
Where is Rhode Island Association Of Facilities For The Aging located?
Rhode Island Association Of Facilities For The Aging is based in Wallingford, Connecticut.
What is Rhode Island Association Of Facilities For The Aging's EIN?
Rhode Island Association Of Facilities For The Aging's Employer Identification Number (EIN) is 223048457. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rhode Island Association Of Facilities For The Aging?
Rhode Island Association Of Facilities For The Aging is classified under NTEE code Unknown (Unknown).
Is Rhode Island Association Of Facilities For The Aging a registered 501(c)(3)?
Rhode Island Association Of Facilities For The Aging appears in IRS records (EIN: 223048457). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Rhode Island Association Of Facilities For The Aging file IRS Form 990?
Yes, Rhode Island Association Of Facilities For The Aging has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Rhode Island Association Of Facilities For The Aging's revenue in 2023?
In the 202312 filing period, Rhode Island Association Of Facilities For The Aging reported total revenue of $247,269, total expenses of $279,400, and net assets of $97,447.
Is Rhode Island Association Of Facilities For The Aging's revenue growing or declining?
Rhode Island Association Of Facilities For The Aging's revenue is growing. Revenue went from $233,537 (202212) to $247,269 (202312), a +5.9% change. Based on 14 filings on record.
What is Rhode Island Association Of Facilities For The Aging's most recent 990 filing?
The most recent IRS Form 990 filing for Rhode Island Association Of Facilities For The Aging covers tax period 202312. It shows revenue of $247,269, expenses of $279,400, total assets of $97,447, and liabilities of $65,472.
How much does Rhode Island Association Of Facilities For The Aging spend on programs vs administration?
Based on IRS 990 analysis, Rhode Island Association Of Facilities For The Aging allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Rhode Island Association Of Facilities For The Aging a trustworthy charity?
Based on AI analysis of IRS 990 data, Rhode Island Association Of Facilities For The Aging shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Rhode Island Association Of Facilities For The Aging?
The following concerns were identified: Total assets have significantly declined from $268,937 in 2021 to $56,423 in 2023, raising concerns about long-term financial stability.. The organization consistently operates at a deficit, with expenses exceeding revenue in most reported years (e.g., $279,400 expenses vs. $247,269 revenue in 2023).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rhode Island Association Of Facilities For The Aging's strengths?
Positive indicators for Rhode Island Association Of Facilities For The Aging include: Consistent revenue generation over the past several years, averaging around $250,000 annually.. Low liability levels relative to assets in recent years, suggesting manageable debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Rhode Island Association Of Facilities For The Aging compensate executives?
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Rhode Island Association Of Facilities For The Aging?
• Financial statements are available through public filings, but detailed program breakdowns are not readily accessible. • The organization consistently reports 0% lobbying costs, indicating a focus away from direct political advocacy. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is driving the significant and consistent decline in total assets, particularly from 2021 to 2023?
The data shows a sharp drop in assets from $268,937 in 2021 to $56,423 in 2023, while liabilities have also decreased. This could indicate asset liquidation, significant write-offs, or a shift in financial strategy that warrants further investigation into specific balance sheet items.
Given the consistent operating deficits, how is the organization sustaining its operations without a substantial decline in revenue?
Despite consistent deficits (e.g., $32,131 in 2023), the organization maintains stable revenue. This suggests that the deficits are being covered by drawing down reserves, non-operating income not reflected in 'r', or potentially through asset sales, which aligns with the observed decline in total assets.
Filing History
IRS 990 filing history for Rhode Island Association Of Facilities For The Aging showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Rhode Island Association Of Facilities For The Aging's revenue has grown by 33.6%, moving from $185K to $247K. Total assets increased by 129.6% over the same period, from $42K to $97K. Total functional expenses rose by 40.6%, from $199K to $279K. In its most recent filing year (2023), Rhode Island Association Of Facilities For The Aging reported a deficit of $32K, with expenses exceeding revenue. The organization holds $65K in liabilities against $97K in assets (debt-to-asset ratio: 67.2%), resulting in net assets of $32K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $247K | $279K | $97K | $65K | — | — |
| 2022 | $234K | $268K | $116K | $52K | — | View 990 |
| 2021 | $230K | $202K | $269K | $170K | — | View 990 |
| 2020 | $229K | $204K | $211K | $140K | — | View 990 |
| 2019 | $278K | $248K | $100K | $66K | — | — |
| 2018 | $259K | $247K | $55K | $52K | — | View 990 |
| 2017 | $258K | $239K | $60K | $68K | — | — |
| 2016 | $264K | $222K | $29K | $56K | — | View 990 |
| 2015 | $240K | $205K | $29K | $99K | — | View 990 |
| 2014 | $228K | $209K | $31K | $135K | — | View 990 |
| 2013 | $225K | $206K | $33K | $156K | — | View 990 |
| 2012 | $191K | $209K | $48K | $191K | — | View 990 |
| 2011 | $195K | $222K | $20K | $145K | — | View 990 |
| 2010 | $185K | $199K | $42K | $132K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $247K, expenses of $279K, and assets of $97K (revenue +5.9% year-over-year).
- 2022: Revenue of $234K, expenses of $268K, and assets of $116K (revenue +1.4% year-over-year).
- 2021: Revenue of $230K, expenses of $202K, and assets of $269K (revenue +0.5% year-over-year).
- 2020: Revenue of $229K, expenses of $204K, and assets of $211K (revenue -17.5% year-over-year).
- 2019: Revenue of $278K, expenses of $248K, and assets of $100K (revenue +7.3% year-over-year).
- 2018: Revenue of $259K, expenses of $247K, and assets of $55K (revenue +0.3% year-over-year).
- 2017: Revenue of $258K, expenses of $239K, and assets of $60K (revenue -2.2% year-over-year).
- 2016: Revenue of $264K, expenses of $222K, and assets of $29K (revenue +9.9% year-over-year).
- 2015: Revenue of $240K, expenses of $205K, and assets of $29K (revenue +5.3% year-over-year).
- 2014: Revenue of $228K, expenses of $209K, and assets of $31K (revenue +1.1% year-over-year).
- 2013: Revenue of $225K, expenses of $206K, and assets of $33K (revenue +17.7% year-over-year).
- 2012: Revenue of $191K, expenses of $209K, and assets of $48K (revenue -1.6% year-over-year).
- 2011: Revenue of $195K, expenses of $222K, and assets of $20K (revenue +5.1% year-over-year).
- 2010: Revenue of $185K, expenses of $199K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Association Of Facilities For The Aging:
Data Sources and Methodology
This transparency report for Rhode Island Association Of Facilities For The Aging is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.