RIVERS EDGE ACADEMY

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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

2007

Legal Domicile

Principal Officer

MEGHAN CAVALIER

Phone

6512340150

Tax Period

2017-07-01 to 2018-06-30

RIVERS EDGE ACADEMY, founded in 2007, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2017. Expenses of $1.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE MISSION OF RIVERS EDGE ACADEMY IS, IN PARTNERSHIP WITH PARENTS AND COMMUNITY, TO PREPARE URBAN HIGH SCHOOL STUDENTS FOR THEIR FURTHER EDUCATION AND CAREER WITH RIGOROUS ACADEMICS, INNOVATIVE PROJECTS AND AN INTERDISCIPLINARY RIVER-FOCUSED CURRICULUM.

Program Service Accomplishments

Program 1

Expenses: $1,283,569 Revenue: $10,502

RIVER'S EDGE ACADEMY CHALLENGES STUDENTS TO DISCOVER THEIR GREATNESS BY LEARNING THROUGH EXPERIENCE IN A SMALL, SUPPORTIVE COMMUNITY. REA IS A CHARTER PUBLIC HIGH SCHOOL LOCATED ON THE WEST SIDE OF ST. PAUL. THE BOARD OF DIRECTORS AND STAFF ARE COMMITTED TO PROVIDING A HIGH QUALITY ACADEMIC PROGRAM WITH AN EMPHASIS ON EXPERIENTIAL LEARNING. RIVER'S EDGE ACADEMY PARTNERS WITH EXPEDITIONARY LEARNING SCHOOLS AND THE VOYAGEUR OUTWARD BOUND SCHOOL TO PROVIDE LEADERSHIP AND CHARACTER DEVELOPMENT. THE COMMUNITY SERVES LESS THAN 100 STUDENTS AND PREPARES STUDENTS FOR POST SECONDARY EDUCATION WITH 100% OF GRADUATES BEING ACCEPTED INTO COLLEGE. STUDENTS PARTICIPATE IN WEEKLY FIELD WORK INCLUDING SERVICE PROJECTS, COLLEGE VISITS AND ACADEMIC FIELD TRIPS VISITING MUSEUM, LABS, LIBRARIES AND NATURAL SPACES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $1,318,993

Program Service Revenue $7,553

Investment Income $0

Other Revenue $2,949

TOTAL REVENUE $1,329,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,154,862

Fundraising Expenses $2,425

Program Expenses $1,283,569

Other Expenses $481,126

TOTAL EXPENSES $1,635,988

Year-over-Year Comparison

	2017	2016	Change
Revenue	$1,329,495	$1,318,351	+0.0%
Expenses	$1,635,988	$1,613,141	+0.0%
Net Income	$-306,493	$-294,790	+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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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

$149,809

Total Directors

$106,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS RUPP	CHAIR	5.00	Officer Director	$0	$0	$0
ALEXANDRA MCDONOUGH	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JEN PETERSON	TREASURER	5.00	Officer Director	$0	$0	$0
MARGARET SKOLD	MEMBER	5.00	Director	$0	$0	$0
EMILY LUNDBERG	SECRETARY/TEACHER	45.00	Officer Director	$37,015	$6,892	$43,907
SKY DAVEY	MEMBER/TEACHER	45.00	Director	$53,309	$9,048	$62,357
WENDY BOPPERT	MEMBER	5.00	Director	$0	$0	$0
MEGHAN CAVALIER	EXECUTIVE DIRECTOR	40.00	Officer	$94,189	$11,713	$105,902

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
2018	$1,329,495	$1,635,988	$1,260,007	$-306,493