RIVERVIEW FOUNDATION (EIN 010488477) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

VINCENT ATRIPALDI

Phone

2077297399

Tax Period

2023-01-01 to 2023-12-31

RIVERVIEW FOUNDATION is a 501(c)(3) with EIN 010488477, based in BRUNSWICK, ME. Founded in 1994, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,441,320 in total revenue and $1,519,791 in total expenses, with net assets of $-111,254.

Mission

IMPROVE THE LIVES OF CHILDREN, TEENS AND ADULTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $120,690

Program Service Revenue $1,317,241

Investment Income $4,768

Other Revenue $-1,379

TOTAL REVENUE $1,441,320

Expense Breakdown

Grants Paid $3,139

Salaries & Benefits $670,949

Fundraising Expenses $0

Program Expenses $1,321,246

Other Expenses $845,703

TOTAL EXPENSES $1,519,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,441,320	$1,148,174	+0.3%
Expenses	$1,519,791	$1,294,598	+0.2%
Net Income	$-78,471	$-146,424	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$169,431

Total Directors

$190,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT J ATRIPALDI	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW M ATRIPALDI	TREASURER	40.00	Officer Director	$104,000	$0	$104,000
MARTHA G HIAT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL J MECSAS	SECRETARY	40.00	Officer Director	$65,431	$0	$65,431
HELEN WHITEWATER	DIRECTOR	1.00	Director	$20,800	$0	$20,800

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
2024	No data	No data	No data	No data
2023	$1,441,320	$1,519,791	$262,218	$-78,471
2022	$1,148,174	$1,294,598	$202,444	$-146,424
2021	$969,672	$1,134,523	$362,354	$-164,851
2020	$1,135,231	$805,308	$541,490	$329,923
2019	$794,526	$717,125	$178,558	$77,401
2018	$601,231	$682,892	$191,699	$-81,661

RIVERVIEW FOUNDATION