MILLER'S RIVER EDUCATIONAL COOPERATIVE INCORPORATED

EIN: 043065810 501(c)(3)

ROYALSTON, MA

Total Revenue
$1,367,275
Total Expenses
$1,363,562
Total Assets
$4,202,670
Net Assets
$3,065,330
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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
1989
Legal Domicile
MA
Principal Officer
JOHN RICHARDSON
Phone
9782493505
Tax Period
2024-07-01 to 2025-06-30

MILLER'S RIVER EDUCATIONAL COOPERATIVE INCORPORATED, founded in 1989, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Net assets of $3.1M represent 27 months of operating reserves.

Mission

OPERATION OF A PRIVATE ELEMENTARY SCHOOL FOR GRADES PRE-SCHOOL THROUGH SIX AND OTHER ADULT EDUCATIONAL PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $177,046
Program Service Revenue $1,141,842
Investment Income $26,523
Other Revenue $21,864
TOTAL REVENUE $1,367,275

Expense Breakdown

Grants Paid $207,268
Salaries & Benefits $812,002
Fundraising Expenses $1,895
Program Expenses $1,203,159
Other Expenses $344,292
TOTAL EXPENSES $1,363,562

Year-over-Year Comparison

2024 2023 Change
Revenue $1,367,275 $1,384,760 0.0%
Expenses $1,363,562 $1,188,648 +0.1%
Net Income $3,713 $196,112 -1.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
40
Volunteers
15

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN RICHARDSON PRESIDENT 2.00
Officer Director
$0 $0 $0
WALTER THORNTON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NANJI DAVISON TREASURER 1.00
Officer Director
$0 $0 $0
PENELOPE SULLIVAN SECRETARY 1.00
Officer Director
$0 $0 $0
WENDY DAVENPORT VILLAGE SCH BOARD 1.00
Director
$0 $0 $0
WILL SZAL VILLAGE SCH BOARD 1.00
Director
$0 $0 $0
CATHERINE SZAL VILLAGE SCH BOARD 1.00
Director
$0 $0 $0
RICK WALTON VILLAGE SCH BOARD 1.00
Director
$0 $0 $0
MISTY PEREZ TRUEDSON VILLAGE SCH BOARD 1.00
Director
$0 $0 $0
GWEN RICHARDSON VILLAGE SCH BOARD 1.00
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 $1,367,275 $1,363,562 $4,202,670 $3,713
2024 $1,384,760 $1,188,648 $4,054,559 $196,112
2023 $1,099,505 $984,890 $3,796,418 $114,615
2022 $1,159,453 $846,739 $3,656,087 $312,714
2021 $1,313,289 $822,212 $3,608,492 $491,077
2020 $781,917 $715,321 $3,114,336 $66,596
2019 $681,701 $731,374 $2,998,070 $-49,673
2018 $734,852 $547,639 $2,780,903 $187,213
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