Alzheimer's Association Rhode Island Chapter

Nonprofit profile at a glance

EIN
050445962
IRS 990 coverage
2010–2015
Forms available
Form 990 2015
Location
Providence, RI, USA
Phone
4014210008
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies, Associations

Reported finances

Revenue
$812,795
Expenses
$790,266
Assets
$417,129
Liabilities
$28,643

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • JACQUELINE WALDON CPA (PRESIDENT AND CHAIR)
  • PAMELA G HALLAGAN (VICE PRESIDENT)
  • DONNA M MCGOWAN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DONNA M MCGOWAN (EXECUTIVE DIRECTOR): $124,185 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To eliminate alzheimer's disease through the advancement of research; to provide and enhance care and support for all affected; and to reduce the risk of dementia through the promotion of brain health.

What it reported doing in 2015

Education about alzheimer's disease and awareness of the association are key to accelerating progress. We strive to make more people aware of the services available for those facing this disease and the benefits of early detection. Thousands of rhode islanders have signed up as alzheimer's association "champions" to move this cause forward. Public awareness also includes active management of public perception and awareness of the alzheimer's association. We are committed to actively enhancing brand value, maintaining and increasing volunteer recruitment and education, and are responsible for strategic communications management and implementation in the field.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 86
  • Accountability: 100
  • Sustainability: 40
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82%; rating input score 82
  • Program expense ratio: 84.4%; rating input score 84
  • Fundraising efficiency: $4.75 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.8%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 15.7%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 11.2% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: -0.6% per year; rating input score 0; 31st percentile among comparable filings

Details

  • Where the money goes: 82% of revenue deployed · 84.4% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $667K in reported program spending
  • Leadership: top reported pay $124K · 10 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.