RIVER VALE EDUCATIONAL FUND INC

EIN: 113830615 501(c)(3) Education

WOODCLIFF LAKE, NJ

Total Revenue
$1,787,055
Total Expenses
$1,469,840
Total Assets
$2,627,547
Net Assets
$2,444,529
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NJ
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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
79
Volunteers
7

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare RIVER VALE EDUCATIONAL FUND INC with other nonprofits in New Jersey and across the country.