RIVERWALK EDUCATION FOUNDATION INC (EIN 010758906) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

FAWZY SHEMSHACK

Phone

2109571955

Tax Period

2024-07-01 to 2025-06-30

RIVERWALK EDUCATION FOUNDATION INC, founded in 2002, is a major nonprofit in the Education sector that reported $150.7M in total revenue in fiscal year 2024.

Mission

Our mission drives academic and socio-emotional development (see Schedule O) through a rigorous college preparatory, STEM-based learning model. The model is anchored on 21st century skills, embraced by a character-building approach, and delivered in an enriching, safe, and student-centered learning environment.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $142,793,915

Program Service Revenue $6,604,168

Investment Income $1,297,101

Other Revenue $1,150

TOTAL REVENUE $150,696,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,077,732

Fundraising Expenses $0

Program Expenses $99,818,311

Other Expenses $60,386,798

TOTAL EXPENSES $148,464,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,696,334	$141,902,616	+0.1%
Expenses	$148,464,530	$135,577,344	+0.1%
Net Income	$2,231,804	$6,325,272	-0.6%

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

1832

Volunteers

N/A

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

$628,901

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FAWZY SHEMSHACK	SUPERINTENDANT	40.00	Officer	$210,024	$0	$210,024
ATNAN EKIN	REGIONAL EX. DIRECTOR	40.00		$157,925	$0	$157,925
MAKSATMYRAT ALTIYEV	REGIONAL EX. DIRECTOR	40.00		$151,746	$0	$151,746
KEVIN DEMIRCI	COO	40.00	Officer	$147,244	$0	$147,244
MUSTAFA KILILIOGLU	CFO	40.00	Officer	$140,892	$0	$140,892
GURAY TAYSEVER	PRINCIPAL	40.00		$140,134	$0	$140,134
HACI DILLI	PRINCIPAL	40.00		$139,465	$0	$139,465
MAGDALENA RIVERA	INSTRUCTIONAL COOR	40.00		$138,242	$0	$138,242
MURAT TUNCA	HIGH SCHOOL DIRECT	40.00		$136,854	$0	$136,854
ZEKERIYA YUKSEL	DIRECTOR OF AUDIT	40.00		$135,637	$0	$135,637
ELIZABETH JAMES	CHIEF ACADEMIC	40.00	Officer	$130,741	$0	$130,741
DR SULEYMAN TEK	President	5.00	Officer Director	$0	$0	$0
DR TURGAY KORKMAZ	Secretary	5.00	Officer Director	$0	$0	$0
CHRISTOPHER JOHN GIESEKE	Vice President	5.00	Officer Director	$0	$0	$0
GEORGE PEDRAZA	Board Member	5.00	Officer Director	$0	$0	$0
DENIS AKHIYAROV	Board Member	5.00	Officer Director	$0	$0	$0

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
2025	$150,696,334	$148,464,530	$529,739,349	$2,231,804
2024	$141,902,616	$135,577,344	$441,924,786	$6,325,272
2023	$128,443,292	$133,277,490	$397,745,881	$-4,834,198
2022	$109,250,212	$115,828,820	$396,093,988	$-6,578,608
2021	$86,377,334	$85,579,635	$247,569,158	$797,699
2020	$63,633,991	$61,611,240	$214,251,618	$2,022,751
2019	$43,344,697	$44,279,379	$25,447,534	$-934,682
2018	$32,999,216	$31,286,854	$20,395,132	$1,712,362

RIVERWALK EDUCATION FOUNDATION INC