THE RIVERS SCHOOL CORPORATION (EIN 042104457) - 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

1924

Legal Domicile

Principal Officer

RYAN DAHLEM

Phone

7812359300

Tax Period

2024-07-01 to 2025-06-30

THE RIVERS SCHOOL CORPORATION, founded in 1924, is a mid-sized nonprofit that reported $45.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $99.2M represent 26 months of operating reserves.

Mission

THE RIVERS SCHOOL IS A COED COLLEGE PREPARATORY DAY SCHOOL FOR GRADES 6 THROUGH 12. RIVERS INSPIRES EVERY STUDENT TO PURSUE EXCELLENCE, THRIVE IN A COMMUNITY OF CONNECTION AND BELONGING, AND CREATE THEIR OWN PATH TO A LIFE OF IMPACT AND PURPOSE.

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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 $5,977,168

Program Service Revenue $38,507,688

Investment Income $899,780

Other Revenue $483,297

TOTAL REVENUE $45,867,933

Expense Breakdown

Grants Paid $7,458,044

Salaries & Benefits $25,242,794

Fundraising Expenses $2,444,627

Program Expenses $36,407,859

Other Expenses $12,629,672

TOTAL EXPENSES $45,362,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,867,933	$41,602,559	+0.1%
Expenses	$45,362,860	$43,496,212	+0.0%
Net Income	$505,073	$-1,893,653	-1.3%

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

428

Volunteers

342

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

$1,117,665

Total Directors

Key Employees

$354,636

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN D ROSE JR	PRESIDENT	2.50	Officer Director	$0	$0	$0
ALISON HALL	CLERK	1.80	Officer Director	$0	$0	$0
ALISON MONAGHAN	TRUSTEE	0.80	Director	$0	$0	$0
ANDREW C DELINSKY	TRUSTEE	0.80	Director	$0	$0	$0
CHRIS LEE	TRUSTEE	0.80	Director	$0	$0	$0
DERRICK ROSSI	TRUSTEE	0.80	Director	$0	$0	$0
JAMES CROOM	TRUSTEE	0.80	Director	$0	$0	$0
JOHN MALDONADO	TRUSTEE	0.80	Director	$0	$0	$0
JONATHAN H PAUL	VICE PRESIDENT - TERMED 6/4/25	2.50	Officer Director	$0	$0	$0
JULIE CONDRON	TRUSTEE	0.80	Director	$0	$0	$0
JULIE LEE	TRUSTEE	0.80	Director	$0	$0	$0
KATHRYN FAGIN	TRUSTEE	0.80	Director	$0	$0	$0
KENNETH STILLWELL	TREASURER	1.80	Officer Director	$0	$0	$0
KIERA CARLISLE	TRUSTEE	0.80	Director	$0	$0	$0
LOUISE CUMMINGS	OFFICER	1.80	Officer Director	$0	$0	$0
LUCIUS TAYLOR	TRUSTEE - ELECTED 6/4/25	0.80	Director	$0	$0	$0
MARC CARTER	TRUSTEE - ELECTED 6/4/25	0.80	Director	$0	$0	$0
MARC ROSENFELD	TRUSTEE	0.80	Director	$0	$0	$0
MARK BENJAMIN	OFFICER - ELECTED 6/4/25	1.80	Officer Director	$0	$0	$0
MEGHAN G SWENSON	OFFICER - ELECTED 6/4/25	1.80	Officer Director	$0	$0	$0
MICHAEL LEE	TRUSTEE	0.80	Director	$0	$0	$0
PENELOPE R FIREMAN	TRUSTEE	0.80	Director	$0	$0	$0
PETER WALTER	VICE PRESIDENT - ELECTED 6/4/25	1.80	Officer Director	$0	$0	$0
RACHEL HUNTER-GOLDMAN	TRUSTEE	0.80	Director	$0	$0	$0
ROGER RANDALL	TRUSTEE	1.00	Director	$0	$0	$0
SAMIA KIRMANI	TRUSTEE - ELECTED 6/4/25	0.80	Director	$0	$0	$0
SCOTT HOLMES	TRUSTEE	0.80	Director	$0	$0	$0
SHEILA HIATT	OFFICER - TERMED 6/4/25	1.80	Officer Director	$0	$0	$0
SUSAN JANOSKY	TRUSTEE - TERMED 6/24/25	0.80	Director	$0	$0	$0
SUSAN RAPPLE	TRUSTEE - TERMED 6/24/25	0.80	Director	$0	$0	$0
JONATHAN D WASSERMAN	CHIEF FINANCIAL OFFICER	60.00	Officer	$268,495	$24,817	$293,312
JOAN WHALEN	ASSISTANT CLERK	37.50	Officer	$88,283	$31,966	$120,249
RYAN S DAHLEM	HEAD OF SCHOOL	60.00	Officer	$540,421	$163,683	$704,104
KRISTEN KELLEHER	ASSOC HEAD SCHOOL DEVEL&EX	60.00	Key Emp	$271,702	$82,934	$354,636
COLETTE PORTER	DIRECTOR OF MARKETING & CO	50.00	Highest	$163,727	$10,578	$174,305
JAMES M LONG	ASSISTANT HEAD OF SCHOOL	50.00	Highest	$183,749	$54,022	$237,771
JENNY JUN-LEI KRAVITZ	DIRECTOR OF EQUITY & INCLUSION	50.00	Highest	$163,400	$61,926	$225,326
MELISSA ANDERSON	HEAD OF UPPER SCHOOL	50.00	Highest	$188,825	$127,819	$316,644
YASSINE TALHAOUI	DIRECTOR OF ADMISSIONS	50.00	Highest	$170,215	$23,308	$193,523
EDWARD V PARSONS	FORMER HEAD OF SCHOOL - TERMED 6/	0.00		$233,333	$14,263	$247,596

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	$45,867,933	$45,362,860	$128,206,705	$505,073
2024	$41,602,559	$43,496,212	$122,293,218	$-1,893,653
2023	$42,588,978	$40,409,782	$119,027,612	$2,179,196
2022	$38,447,500	$38,006,114	$114,545,125	$441,386
2021	$42,089,621	$35,648,594	$120,748,390	$6,441,027
2020	$38,414,586	$33,645,806	$108,581,499	$4,768,780
2019	$38,644,368	$32,861,440	$95,327,408	$5,782,928
2018	$39,683,094	$32,063,937	$90,055,345	$7,619,157

THE RIVERS SCHOOL CORPORATION