MILL RIVER COLLABORATIVE INC (EIN 061507648) - 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

1998

Legal Domicile

Principal Officer

JEANNETTE COMPTON

Phone

2039890321

Tax Period

2022-07-01 to 2023-06-30

MILL RIVER COLLABORATIVE INC, founded in 1998, is a community nonprofit in the Recreation & Sports sector that reported $3.8M in total revenue in fiscal year 2022. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $14.7M represent 47 months of operating reserves.

Mission

TO MANAGE AND RAISE FUNDS FOR THE DEVELOPMENT, OPERATIONS AND MAINTENANCE OF THE MILL RIVER PARK AND OTHER OPEN SPACE PROJECTS WITHIN THE CITY OF STAMFORD, CONNECTICUT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,614,722

Program Service Revenue $314,369

Investment Income $95,326

Other Revenue $-261,922

TOTAL REVENUE $3,762,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,806,571

Fundraising Expenses $328,089

Program Expenses $3,466,368

Other Expenses $2,238,581

TOTAL EXPENSES $4,087,465

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,762,495	$9,795,378	-0.6%
Expenses	$4,087,465	$2,954,308	+0.4%
Net Income	$-324,970	$6,841,070	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

900

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

$213,049

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARNOLD KARP	CHAIRMAN	5.00	Officer Director	$0	$0	$0
GEORGE BOYCE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
FRANK MERCEDE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
ROBERT GRANATA	TREASURER	3.00	Officer Director	$0	$0	$0
DON BROWNSTEIN	SECRETARY	3.00	Officer Director	$0	$0	$0
RYAN SALVATORE	ASSISTANT SECRETARY	3.00	Officer Director	$0	$0	$0
RALPH BLESSING	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE KIM CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN CORBALLY	DIRECTOR	1.00	Director	$0	$0	$0
KEEGAN DRENOSKY	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA FERREIRA	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET FOX	DIRECTOR	1.00	Director	$0	$0	$0
EMILY M GORDON	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
CONOR HORIGAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KOORIS	DIRECTOR	1.00	Director	$0	$0	$0
NOAH LAPINE	DIRECTOR	1.00	Director	$0	$0	$0
FATIMA MAWJI MD	DIRECTOR, THRU 3/19/2023	1.00	Director	$0	$0	$0
LOREN NADRES	DIRECTOR, THRU 5/22/2023	1.00	Director	$0	$0	$0
SHELLY NICHANI	DIRECTOR	1.00	Director	$0	$0	$0
MATT QUINONES	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR SELKOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
JJ SENDELBACH	DIRECTOR, THRU 3/19/2023	1.00	Director	$0	$0	$0
JIM SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
CAMILLE SPAULDING	DIRECTOR, THRU 6/1/2023	1.00	Director	$0	$0	$0
TOM WALSH	DIRECTOR	1.00	Director	$0	$0	$0
ADAM WHITTINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
JON WINKEL	DIRECTOR, THRU 6/1/2023	1.00	Director	$0	$0	$0
JENNIFER YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
FABRIZIO ZICHICHI	DIRECTOR	1.00	Director	$0	$0	$0
NATE ZUBAL	DIRECTOR, THRU 3/19/2023	1.00	Director	$0	$0	$0
JEANNETTE COMPTON	PRESIDENT & CEO	40.00	Officer	$201,910	$11,139	$213,049
ALICIA WETTENSTEIN	DIRECTOR OF DEVELOPMENT	40.00	Highest	$157,834	$34,727	$192,561
MIKE STAKE	DIRECTOR OF CAPITAL PLANNING	40.00	Highest	$137,566	$1,059	$138,625

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,762,495	$4,087,465	$22,473,404	$-324,970
2022	$9,795,378	$2,954,308	$22,593,635	$6,841,070
2021	$3,300,540	$6,108,150	$13,657,771	$-2,807,610
2020	$4,173,857	$2,671,273	$13,072,478	$1,502,584
2019	$2,703,028	$2,480,947	$12,350,117	$222,081
2018	$3,230,642	$1,681,909	$12,078,976	$1,548,733

MILL RIVER COLLABORATIVE INC