Riafc Foundation

Nonprofit profile at a glance

EIN
451840670
IRS 990-EZ coverage
2016–2024
Forms available
Form 990 2019, Form 990-EZ 2024
Location
Providence, RI, USA
Phone
4016920795
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Disaster Preparedness and Relief Services

Reported finances

Revenue
$56,083
Expenses
$48,053
Assets
$43,350

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • JOHN SILVA III (PRESIDENT)

People named in this filing

  • CRYSTALE PERRY (SECRETARY)
  • RICHARD SUSI (ASSISANT SEC)
  • MICHAEL GINGELL (VICE PRESIDE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of this non-profit corporation is to be a public charity whose focus is to raise funds, and disseminate those funds, to aid the education and training of the fire service as well as to support, and work closely with organiztions and members of the community whose charitable efforts strengthen the fire service and the community in general. To accomplish this purpose the foundation shall: a) provide for the assembly of riafc foundation directors and executive board members to discuss ways and means to raise and disseminate funds that will be used for the betterment of the fire service and the community in general. B)to cooperate with all allied and interested organizations that promote programs that further the education and training goals and objectives of the fire service. C)to help fund and encourage the development of public education in fire prevention for the preservation of human life and protection of property and material resources from destruction by fire. D)to financ

What it reported doing in 2024

Raised funds for training & education

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
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 a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 100
  • Sustainability: 51
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.1%; rating input score 68
  • Program expense ratio: 77.7%; rating input score 78

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 14.3%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.9; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -5.5% per year; rating input score 0; 35th percentile among comparable filings
  • Revenue growth: -17.7% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -14.8% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 68.1% of revenue deployed · 77.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $37K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.