RIVERSIDE PARK AT WAY OF THE CROSS INC (EIN 113711773) - 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

2004

Legal Domicile

Principal Officer

LYNN D DALTON

Phone

6144511919

Tax Period

2024-01-01 to 2024-12-31

RIVERSIDE PARK AT WAY OF THE CROSS INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $217K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $206K left a modest 5% surplus.

Mission

TO PROVIDE HOUSING TO QUALIFIED ELDERLY & HANDICAPPED PERSONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $85,419

Program Service Revenue $100,886

Investment Income $573

Other Revenue $30,123

TOTAL REVENUE $217,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $152,066

Other Expenses $205,964

TOTAL EXPENSES $205,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,001	$299,765	-0.3%
Expenses	$205,964	$226,377	-0.1%
Net Income	$11,037	$73,388	-0.8%

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

N/A

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

$197,730

Total Directors

$197,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN D DALTON	PRESIDENT	1.00	Officer Director	$0	$0	$120,000
WILLIAM LOUDERMILK	V. PRESIDENT	1.00	Officer Director	$0	$0	$77,730
ELLEN HARDYMON	SEC/TREASURE	1.00	Officer Director	$0	$0	$0
THOMAS F HAVENS	TRUSTEE	0.25	Director	$0	$0	$0
JUDITH A HOSKINS	TRUSTEE	0.25	Director	$0	$0	$0
JOHN F HAVENS II	TRUSTEE	0.25	Director	$0	$0	$0
CHARLOTTE LOUDERMILK	TRUSTEE	0.25	Director	$0	$0	$0
STEVEN TODD	TRUSTEE	0.25	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
2024	$217,001	$205,964	$1,113,580	$11,037
2023	$299,765	$226,377	$1,125,092	$73,388
2022	$166,801	$221,059	$1,047,060	$-54,258
2021	$163,412	$204,354	$1,093,602	$-40,942
2020	$167,272	$190,467	$1,135,947	$-23,195
2019	$160,631	$195,371	$1,165,667	$-34,740
2018	$164,582	$198,091	$1,201,099	$-33,509

RIVERSIDE PARK AT WAY OF THE CROSS INC