RIVER VALE EDUCATIONAL FUND INC

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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

2007

Legal Domicile

Principal Officer

TOM GALLIONE

Phone

8623450477

Tax Period

2024-07-01 to 2025-06-30

RIVER VALE EDUCATIONAL FUND INC, founded in 2007, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $317K, a strong 18% operating margin.

Mission

THE RIVER VALE EDUCATIONAL FUND (RVEF) IS A NONPROFIT ORGANIZATION THAT OPERATES INDEPENDENT OF THE BOARD OF EDUCATION. THE GOAL OF THE RVEF IS TO PROVIDE SUPPLEMENTARY FUNDING TO HELP MAINTAIN THE DISTRICT'S COMMITMENT TO EXCELLENCE. THE RIVER VALE EDUCATIONAL FUND PROVIDES PRIVATELY-RAISED, NON-TAX DOLLAR FINANCING THAT WILL ASSIST IN GUARANTEEING THAT THE SCHOOL DISTRICT WILL PROVIDE THE FINEST EDUCATION EXPERIENCES FOR EACH AND EVERY STUDENT.

Program Service Accomplishments

Program 1

Expenses: $1,078,737 Revenue: $1,720,320

THE A.C.E. BEFORE AND AFTER SCHOOL PROGRAM IS DESIGNED TO SUPERVISE THE STUDENTS OF OUR SCHOOLS IN A CARING AND NURTURING ENVIRONMENT. THIS PROGRAM ALLOWS FOR THE PEACE OF MIND THAT THE CHILDREN ARE BEING WATCHED WITH THE SAME CARE AND MANNER THEY RECEIVE DURING THE SCHOOL DAY. OUR A.C.E. COUNSELORS ARE HIGHLY QUALIFIED; MOST HOLDING A DEGREE IN EDUCATION AND ARE FIRST AID AND CPR CERTIFIED.

Program 2

Expenses: $308,786

SCHOOL DISTRICT GRANTS - THE RVEF BOARD MEMBERS DESIGNATE, DISCUSS, VOTE AND APPROVE WHICH DONATIONS ARE MADE AND TO WHICH SCHOOL. GENERALLY, A DONATION WILL BE MADE TO BOTH GRAMMAR SCHOOLS AT ONCE OR TO THE MIDDLE SCHOOL. THE BOARD MEMBERS DETERMINE WHAT INVESTMENTS TO MAKE WITH NO INPUT FROM TEACHERS OR STAFF MEMBERS. GRANTS, ON THE OTHER HAND, ARE DRIVEN INITIALLY BY APPLICATIONS COMPLETED BY THE STAFF. THE RVEF GRANT COMMITTEE THEN REVIEWS ALL GRANTS APPLICATIONS COMPLETED AND DETERMINES WHICH ONES SHOULD BE BROUGHT TO THE RVEF BOARD MEMBERS FOR FINAL CONSIDERATION.

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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 $49

Program Service Revenue $1,720,320

Investment Income $66,686

Other Revenue $0

TOTAL REVENUE $1,787,055

Expense Breakdown

Grants Paid $308,786

Salaries & Benefits $863,920

Fundraising Expenses $0

Program Expenses $1,387,523

Other Expenses $297,134

TOTAL EXPENSES $1,469,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,787,055	$1,592,294	+0.1%
Expenses	$1,469,840	$1,281,462	+0.1%
Net Income	$317,215	$310,832	+0.0%

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

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
THOMAS GALLIONE	PRESIDENT	5.00	Officer Director	$0	$0	$0
HEIDI MARKELL	SECRETARY	3.00	Officer Director	$0	$0	$0
GREGORY NOORIGIAN	TREASURER	3.00	Officer Director	$0	$0	$0
KELLY IPPOLITO	TRUSTEE	3.00	Director	$0	$0	$0
PETER AJALAT	TRUSTEE	2.00	Director	$0	$0	$0
MELISSA SIGNORE	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN RUSSINI	TRUSTEE	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	$1,787,055	$1,469,840	$2,627,547	$317,215
2024	$1,592,294	$1,281,462	$2,386,984	$310,832
2023	$1,470,005	$1,130,788	$2,122,346	$339,217
2022	$1,721,454	$863,646	$1,586,915	$857,808
2021	$519,469	$737,005	$812,665	$-217,536
2020	$1,119,696	$1,159,705	$1,226,863	$-40,009
2019	$1,467,474	$1,376,431	$1,363,817	$91,043