Hartford, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RIVERFRONT RECAPTURE INC, founded in 1981, is a community nonprofit in the Recreation & Sports sector that reported $4.5M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.3M left a modest 4% surplus.
Riverfront Recapture' s mission is to connect people with the Connecticut River. This is accomplished through its goal of restoring public access to the Connecticut River and recognizing its potential to improve the quality of life for the region by increasing recreational and economic opportunities.
ENTERTAINMENT AND EVENTS: Riverfront Recapture offers family-friendly entertainment in the parks, ranging from cultural performances to concerts and festivals. Riverfront Recapture produces many...
ENTERTAINMENT AND EVENTS: Riverfront Recapture offers family-friendly entertainment in the parks, ranging from cultural performances to concerts and festivals. Riverfront Recapture produces many events, such as the Riverfront Food Truck Festival, Asian Festival, and numerous music, dance, and arts events. Riverfront also collaborates with other organizations to present a diverse schedule of events, such as the Taste of the Caribbean, which celebrates Caribbean culture, music, dance, and food. 149 free public events were held in 2025, attracting over 40,000 visitors to the Riverfront.
RECREATIONAL PROGRAMS: Riverfront Recapture's parks on both banks of the Connecticut River in Harford and East Hartford and the river provide various land and water recreation venues. Visitors to...
RECREATIONAL PROGRAMS: Riverfront Recapture's parks on both banks of the Connecticut River in Harford and East Hartford and the river provide various land and water recreation venues. Visitors to Riverfront Recapture parks participate in individual activities: walking, birdwatching, running, biking, snowshoeing, fishing, and more, and organized group activities, including cricket, 5K's and free fitness programs such as yoga. Riverfront Recapture's Community Rowing Program operates out of the Boathouse in Riverside Park, offering classes to youth and adults of all skill levels, from Learn to Row, to Masters Racing teams, both on water, and indoor during the winter. The fall rowing season culminates with our annual Head of the Riverfront Regatta, which attracted 13,500 participants and spectators in 2025. Dragon boating is a growing program with paddlers of various skill levels on the water throughout the season. Riverfront also hosts the annual Dragon Boat Race and Asian Festival. The race hosted 60 teams in 2025, including local community and corporate participants as well as clubs from out of state. Public boating is possible from three boat launches. Riverfront partners with a number of schools and groups for our programs. Programs generally involve participant fees, but many youth programs are either free to participants or subsidized by grants. These activities and daily park usage attracted over 1 million people in 2025.
PARK MANAGEMENT AND DEVELOPMENT: Projects are underway to expand the park system north of the Boathouse to connect to the Windsor riverwalk. Funding was secured in 2017 for extending the riverwalk...
PARK MANAGEMENT AND DEVELOPMENT: Projects are underway to expand the park system north of the Boathouse to connect to the Windsor riverwalk. Funding was secured in 2017 for extending the riverwalk north of the Boathouse. Naming this stretch the "Joe Marfuggi Riverwalk" to honor the memory of Riverfront Recapture's former President & CEO, was authorized by the City of Hartford. A separate private fundraising campaign will fund unique features along the riverwalk to add exhibits to tell the history of the Riverfront. This new stretch of riverwalk will continue into Windsor across land at the Hartford/Windsor line that Riverfront purchased through a controlled entity, Riverfront Land, Inc. The new property will allow for the uninterrupted connection of riverwalk from Charter Oak Landing in Hartford to the Windsor Riverwalk and beyond. The parcel will also provide opportunities for many other activities and potential commercial development, making this location a key attraction on the Riverfront. Several large grants, State and Federal, have been secured since 2021 primarily for the property's environmental remediation, which will begin in January 2026. The master plan for this future park was completed in 2024. The other major ongoing project is a series of improvements to Great River Park in East Hartford. 2025 was spent primarily in the design and permitting phase and construction is expected to begin in 2026. Beginning in 2017, Riverfront Recapture took over the responsibility for park maintenance from the Metropolitan District Commission, which continues to be the major funder. Most park maintenance, such as mowing, tree care, and other landscaping, is performed by subcontractors. Volunteers have been incorporated into the maintenance plan as companies are increasingly looking to engage employees on community projects. Riverfront manages the parks for the City of Hartford and the Town of East Hartford. Walkways on the Founders and Charter Oak Bridges connect the municipalities. The Riverfront has been a catalyst for economic investment with the development of hotels, a convention center, a science center, a dining/entertainment complex, and housing on adjacent land. Rangers provide hospitality and information and create a secure environment for park visitors. Rangers are responsible for opening and closing the parks daily throughout the year. Between May and October, the busy season for the parks, the Rangers have an increased presence. They provide information and directions to park visitors, assist with parking and boat launch activities, open and close the parks, and enforce park rules.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $4,523,698 | $4,014,862 | +0.1% |
| Expenses | $4,329,606 | $4,102,375 | +0.1% |
| Net Income | $194,092 | $-87,513 | -3.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michael Zaleski | President & CEO | 37.5 |
Officer
Director
|
$174,930 | $8,431 | $183,361 |
| Robert Allan | Dir Public Safety and Park Operations | 37.5 |
Highest
|
$135,284 | $38,223 | $173,507 |
| Marc Nicol | Director of Park Planning & Development | 37.5 |
Key Emp
|
$158,121 | $10,046 | $168,167 |
| Peter Morse | Finance Director | 37.5 |
Officer
|
$115,435 | $43,600 | $159,035 |
| Deborah Baker | Director of Development | 37.5 |
Highest
|
$111,294 | $26,209 | $137,503 |
| Margaret Gregg | Secretary, Executive Committee | 7.5 |
Officer
Director
|
$7,528 | $0 | $7,528 |
| Harold Blinderman | Chair, Executive Committee | 5 |
Officer
Director
|
$0 | $0 | $0 |
| David Klein | Treasurer, Executive Committee | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Ashley Sauve | Vice Chair, Executive Committee | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Greg Adams | Asst Treasurer, Executive Committee | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Annon | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| John Avedisian | ex-officio Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Nuchette Black-Burke | ex-officio Board member | 0.5 |
Director
|
$0 | $0 | $0 |
| Christopher Byrd | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Kathleen Cassidy | Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Lindsay Castonguay Hany | Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Ranjana Chawla | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Chinenye Claytor | Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Susan Clemow | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Thomas Cody | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Julio Concepcion | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Eric Cushman | Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Matthew Dreier | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Susan Freedman | Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Liahna Gonda-King | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Jonathan Harris | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Matthew Hart | ex-officio Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Christopher Hayes | ex-officio Board member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Blair Hughes | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| David Jenkins | Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Stephanie Johnson | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| David Kindt | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Kathleen Lilley | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Jarad Lucan | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Connor Martin | ex-officio Board member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Brian McCauley | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Lauren Mullaney | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Jacqueline Nadal | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Patty Pittman | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Michael Puckly | Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Christina Ripple | Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Camille Simpson | Board Member, Executive Committee | 1.5 |
Director
|
$0 | $0 | $0 |
| Joe Stanford III | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Himali Stoccatore | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| George Thomson | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Pete Torres | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Herb Virgo | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Sebrina Wilson | ex-officio Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,523,698 | $4,329,606 | $7,986,400 | $194,092 |
| 2024 | $4,014,862 | $4,102,375 | $7,391,378 | $-87,513 |
| 2023 | $3,724,147 | $3,642,436 | $7,034,197 | $81,711 |
| 2022 | $4,097,994 | $3,903,081 | $6,732,502 | $194,913 |
| 2021 | $4,976,440 | $3,364,883 | $7,562,287 | $1,611,557 |
| 2020 | $4,320,239 | $2,515,010 | $5,471,440 | $1,805,229 |
| 2019 | $4,298,365 | $3,764,799 | $3,544,028 | $533,566 |
| 2018 | $3,373,770 | $3,367,417 | $3,240,767 | $6,353 |
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