Financial Alliance for Representation and Empowerment

Nonprofit profile at a glance

EIN
920759505
IRS 990 coverage
2023–2025
Forms available
Form 990 2025
Location
Columbus, OH, USA
Phone
6143305068
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$538,500
Expenses
$422,658
Assets
$25,140
Liabilities
$297

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • KRISTI RODRIGUEZ (PRESIDENT)

Highest reported compensation

  • NICOLE RIDLEY (EXECUTIVE DI): $150,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To increase and drive inclusion within the financial services industry and communities that it serves

What it reported doing in 2025

Fare mentorship program the fare mentorship program exists to support black professionals with career growth and professional development opportunities. This mentorship program will serve as an industry best practice to elevate awareness in the financial services industry. To create synergy and alignment with financial services industry leaders, the fare mentorship program will utilize content from the american college of financial services to reinforce mentorship circles of four student mentees who will be paired with a fare firm consultant, manager, director, avp, or vp level leader/mentor depending on career goals and interests. Program highlights: -one-on-one mentorship opportunities -career development sessions and industry insights -resume and interview coaching -access to exclusive networking events

Operating model

Revenue model
Membership-supported. 99% of the money available for current operations came from membership dues.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 44
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.7%; rating input score 54
  • Program expense ratio: 68.4%; rating input score 68
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 21.5%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 35.5%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 26.9% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 15.6% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: -68.3% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 53.7% of revenue deployed · 68.4% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $150K · 9 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.