THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE

EIN: 020400703 501(c)(3) Human Services

EXETER, NH

Total Revenue
$48,627,698
Total Expenses
$53,714,180
Total Assets
$199,457,460
Net Assets
$-84,151,422
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NH
Principal Officer
JULIE CLARK
Phone
6036581786
Tax Period
2023-07-01 to 2024-06-30

THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $48.6M in total revenue in fiscal year 2023. Expenses of $53.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO ESTABLISH, OWN, AND MAINTAIN CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES FOR THE ELDERLY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $570,580
Program Service Revenue $44,676,586
Investment Income $3,327,887
Other Revenue $52,645
TOTAL REVENUE $48,627,698

Expense Breakdown

Grants Paid $230,149
Salaries & Benefits $24,329,577
Fundraising Expenses $0
Program Expenses $42,945,214
Other Expenses $29,154,454
TOTAL EXPENSES $53,714,180

Year-over-Year Comparison

2023 2022 Change
Revenue $48,627,698 $45,582,706 +0.1%
Expenses $53,714,180 $50,759,977 +0.1%
Net Income $-5,086,482 $-5,177,271 0.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
689
Volunteers
262

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
6
$427,836
Total Directors
19
$545,232
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTINE VOGEL CEO 0.80
Director
$0 $40,317 $545,232
KIMBERLY GASKELL VP OF OPERATIONS 15.00
Officer
$0 $16,588 $276,929
LINDA MCCARTHY SR. DIRECTOR OF HEALTH SERVICES 40.00
Highest
$182,797 $33,593 $216,390
TRACY JEFFERS ASSOCIATE EXECUTIVE DIRECTOR 40.00
Highest
$157,500 $4,676 $162,176
LISA CLARK SALES MANAGER 40.00
Highest
$150,523 $23,982 $174,505
JULIE CLARK EXECUTIVE DIRECTOR 40.00
Officer
$149,532 $1,375 $150,907
CRYSTAL HAYES DIRECTOR OF CULINARY OPERATIONS 40.00
Highest
$141,130 $7,220 $148,350
PATRICIA CROTHERS NURSE PRACTITIONER 40.00
Highest
$131,143 $24,013 $155,156
SUSAN DESJARDINS CHAIR 0.50
Officer Director
$0 $0 $0
REBECCA SMITH VICE CHAIR 0.50
Officer Director
$0 $0 $0
MIKE HICKEY TREASURER 0.50
Officer Director
$0 $0 $0
DEBORAH KARMOZYN CLERK AND RESIDENT TRUSTEE 0.50
Officer Director
$0 $0 $0
DAN CHARTRAND TRUSTEE 0.50
Director
$0 $0 $0
KIRSTEN CORAZZINI TRUSTEE 0.50
Director
$0 $0 $0
TOM DONOVAN TRUSTEE 0.50
Director
$0 $0 $0
DEBBY MILLER TRUSTEE (AS OF JANUARY 2024) 0.50
Director
$0 $0 $0
PATRICK PARISI TRUSTEE 0.50
Director
$0 $0 $0
WALTER BURGIN RESIDENT TRUSTEE 0.50
Director
$0 $0 $0
RALPH RAGUCCI RESIDENT TRUSTEE 0.50
Director
$0 $0 $0
BILL STAFFORD RESIDENT TRUSTEE 0.50
Director
$0 $0 $0
DAVID BROWNELL CHAIR (LEFT JUNE 18, 2024) 0.50
Director
$0 $0 $0
MIKE ROWAN TRUSTEE (LEFT APRIL 2024) 0.50
Director
$0 $0 $0
JOHN PROCHILO TRUSTEE (LEFT JUNE 18, 2024) 0.50
Director
$0 $0 $0
JASON SMITH TRUSTEE (LEFT JUNE 18, 2024) 0.50
Director
$0 $0 $0
TIM RILEY TRUSTEE (LEFT AUGUST 2023) 0.50
Director
$0 $0 $0
SUSAN WOODS TRUSTEE (LEFT JUNE 18, 2024) 0.50
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 No data No data No data No data
2024 $48,627,698 $53,714,180 $199,457,460 $-5,086,482
2023 $45,582,706 $50,759,977 $195,729,835 $-5,177,271
2022 $45,820,937 $45,475,251 $189,550,060 $345,686
2021 $41,599,957 $44,124,304 $198,833,454 $-2,524,347
2020 $44,240,411 $44,274,985 $186,307,257 $-34,574
2019 $44,762,166 $42,070,521 $191,039,747 $2,691,645
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