FRIENDS OF THE RIVERS INC

EIN: 050608001 501(c)(3) Community Improvement

FORT WAYNE, IN

Total Revenue
$9,574
Total Expenses
$76,582
Total Assets
$675,499
Net Assets
$675,499
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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
2004
Legal Domicile
IN
Principal Officer
LYNNE GILMORE
Phone
2604276425
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF THE RIVERS INC, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $10K in total revenue in fiscal year 2025. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $77K exceeded revenue, resulting in a 700% operating deficit.

Mission

FRIENDS OF THE RIVERS: CELEBRATING FORT WAYNE'S RIVERS AS A SOURCE OF RECREATION, COMMUNITY ENGAGEMENT AND ECONOMIC DEVELOPMENT. FRIENDS OF THE RIVERS IS DEDICATED TO ENHANCING THE COMMUNITY'S APPRECIATION, EXPERIENCE, AND USE OF THE RIVERS. THE ORGANIZATION PROVIDES RIVER CRUISES ABOARD A 54-FOOT CANAL BOAT MODELED AFTER AN AUTHENTIC 1840'S CANAL BOAT BEGINNING IN 2017. THE 1840'S-STYLE, FLAT BOTTOM BOAT WILL ALLOW INDIVIDUALS TO EXPERIENCE THE RIVERS AND THE POTENTIAL THEY OFFER FOR DEVELOPMENT, RECREATION, AND EDUCATIONAL PROGRAMMING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $180
Program Service Revenue $9,394
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,574

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,113
Other Expenses $66,582
TOTAL EXPENSES $76,582

Year-over-Year Comparison

2025 2024 Change
Revenue $9,574 $47,621 -0.8%
Expenses $76,582 $75,370 +0.0%
Net Income $-67,008 $-27,749 +1.4%
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
13
Independent Members
13
Employees
N/A
Volunteers
13

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNNE GILMORE PRESIDENT 8.00
Officer Director
$0 $0 $0
DAVE GRANEY VICE PRESIDE 2.00
Officer Director
$0 $0 $0
JOY LOHSE SECRETARY 2.00
Officer Director
$0 $0 $0
CHERI BECKER DIRECTOR 2.00
Director
$0 $0 $0
JACQUELYN BUCK DIRECTOR 2.00
Director
$0 $0 $0
MIKE ERLER DIRECTOR 2.00
Director
$0 $0 $0
PAM HOLOCHER DIRECTOR 2.00
Director
$0 $0 $0
ALEC JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
RON MENZE DIRECTOR 2.00
Director
$0 $0 $0
NANCY STEWART DIRECTOR 2.00
Director
$0 $0 $0
IRENE WALTERS DIRECTOR 2.00
Director
$0 $0 $0
JOSIAH WELLS DIRECTOR 2.00
Director
$0 $0 $0
DAN WIRE DIRECTOR 2.00
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 $9,574 $76,582 $675,499 $-67,008
2024 $47,621 $75,370 $742,507 $-27,749
2023 $118,491 $143,299 $770,256 $-24,808
2022 $141,675 $137,403 $795,064 $4,272
2021 $82,234 $104,026 $790,792 $-21,792
2020 $27,925 $172,093 $812,584 $-144,168
2019 $198,594 $151,402 $855,065 $47,192
2018 $56,463 $99,276 $807,873 $-42,813
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