RIVERHEAD BID MANAGEMENT ASSOCIATION INC (EIN 113248819) - 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

1991

Legal Domicile

Principal Officer

LINDA LOMBARDI

Phone

5169836171

Tax Period

2025-01-01 to 2025-12-31

RIVERHEAD BID MANAGEMENT ASSOCIATION INC, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $167K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $82K, a strong 49% operating margin.

Mission

PROMOTE CULTURE AND ECONOMIC GROWTH IN THE TOWN OF RIVERHEAD. THE ORGANIZATION PLANS AND SCHEDULES VARIOUS SEASONAL EVENTS INCLUDING FAIRS AND FESTIVALS. THEY ALSO PROMOTE THE RICH HISTORY OF THE TOWN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $163,078

Program Service Revenue $3,561

Investment Income $0

Other Revenue $0

TOTAL REVENUE $166,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,801

Fundraising Expenses $0

Program Expenses $85,038

Other Expenses $39,237

TOTAL EXPENSES $85,038

Year-over-Year Comparison

	2025	2024	Change
Revenue	$166,639	$242,123	-0.3%
Expenses	$85,038	$312,454	-0.7%
Net Income	$81,601	$-70,331	-2.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA LOMBARDI	TREASURER	5.00	Officer Director	$0	$0	$0
ALBERTO LONGHI	DIRECTOR	5.00	Director	$0	$0	$0
JASON BREITSTONE	DIRECTOR	5.00	Director	$0	$0	$0
WENDY WEISS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GARY HYGOM	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOE OLIVER	SECRETARY	5.00	Officer Director	$0	$0	$0
LARY OXMAN	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL BUTLER	DIRECTOR	5.00	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	$166,639	$85,038	$122,271	$81,601
2024	$242,123	$312,454	$39,501	$-70,331
2023	$216,480	$244,444	$109,832	$-27,964
2020	$169,365	$152,699	$135,214	$16,666
2019	$189,010	$150,784	$118,757	$38,226
2018	$191,577	$182,165	$80,275	$9,412

RIVERHEAD BID MANAGEMENT ASSOCIATION INC