RIVERDALE COUNTRY SCHOOL 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

1930

Legal Domicile

Principal Officer

KARENA MARTA OSTREM

Phone

7185192726

Tax Period

2024-07-01 to 2025-06-30

RIVERDALE COUNTRY SCHOOL INC, founded in 1930, is a major nonprofit in the Education sector that reported $103.7M in total revenue in fiscal year 2024. Expenses of $98.9M left a modest 5% surplus.

Mission

RIVERDALE COUNTRY SCHOOL IS A PRE-K THROUGH GRADE 12 INDEPENDENT SCHOOL IN NEW YORK CITY COMMITTED TO EMPOWERING LIFELONG LEARNERS BY DEVELOPING MINDS, BUILDING CHARACTER, AND CREATING COMMUNITY IN ORDER TO CHANGE OUR WORLD FOR THE GOOD.

Program Service Accomplishments

Program 1

Expenses: $86,814,087 Revenue: $89,437,674

FOUNDED IN 1907, RIVERDALE IS SITUATED ON TWO CAMPUSES ENCOMPASSING 27.5 ACRES IN THE RIVERDALE SECTION OF THE BRONX. AT RIVERDALE, WE STRIVE TO REFLECT THE DIVERSITY OF THE NEW YORK METROPOLITAN...

FOUNDED IN 1907, RIVERDALE IS SITUATED ON TWO CAMPUSES ENCOMPASSING 27.5 ACRES IN THE RIVERDALE SECTION OF THE BRONX. AT RIVERDALE, WE STRIVE TO REFLECT THE DIVERSITY OF THE NEW YORK METROPOLITAN AREA IN OUR STUDENTS, FACULTY, AND STAFF. WE BELIEVE THAT A DIVERSE AND INCLUSIVE COMMUNITY ENRICHES THE EDUCATIONAL EXPERIENCE AND IS INTEGRAL TO OUR MISSION. WITH A STUDENT BODY OF APPROXIMATELY 1,300 STUDENTS FROM 117 DIFFERENT ZIP CODES, RIVERDALE IS A VIBRANT COMMUNITY WHERE 50% OF OUR STUDENTS IDENTIFY AS STUDENTS OF COLOR. ABOUT 20% OF OUR STUDENTS RECEIVE NEED-BASED FINANCIAL AID. ONGOING PARTNERSHIPS WITH ORGANIZATIONS THAT IDENTIFY HIGH-ACHIEVING STUDENTS FROM UNDERSERVED COMMUNITIES CONTRIBUTE TO A WIDENING APPLICANT POOL.

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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 $10,994,691

Program Service Revenue $89,479,919

Investment Income $2,729,529

Other Revenue $511,027

TOTAL REVENUE $103,715,166

Expense Breakdown

Grants Paid $13,377,143

Salaries & Benefits $59,652,130

Fundraising Expenses $2,897,554

Program Expenses $86,814,087

Other Expenses $25,505,903

TOTAL EXPENSES $98,857,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,715,166	$98,004,730	+0.1%
Expenses	$98,857,726	$95,285,890	+0.0%
Net Income	$4,857,440	$2,718,840	+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

626

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

$1,221,933

Total Directors

$848,422

Key Employees

$1,624,774

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARENA MARTA OSTREM	HEAD OF SCHOOL	40.00	Officer Director	$671,260	$177,162	$848,422
DANIEL J ROSEN	CHAIR	1.00	Officer Director	$0	$0	$0
SANDRA KIM HOFFEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN A NEUWIRTH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARC S LIPSCHULTZ	TREASURER	1.00	Officer Director	$0	$0	$0
ROY WEATHERS	SECRETARY	1.00	Officer Director	$0	$0	$0
GWEN ADOLPH	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE BEAL	TRUSTEE	1.00	Director	$0	$0	$0
EDEM DZUBEY	TRUSTEE	1.00	Director	$0	$0	$0
DR EBBY ELAHI	TRUSTEE	1.00	Director	$0	$0	$0
CHLOE EPSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
RENATA GARCIA	TRUSTEE	1.00	Director	$0	$0	$0
JOHN A GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
ANITRA HADLEY	TRUSTEE	1.00	Director	$0	$0	$0
REV DR MARK HOSTETTER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER JAMES	TRUSTEE	1.00	Director	$0	$0	$0
DAVID KABILLER	TRUSTEE	1.00	Director	$0	$0	$0
PHIL LEE	TRUSTEE	1.00	Director	$0	$0	$0
KELLY MACK	TRUSTEE	1.00	Director	$0	$0	$0
PALLAVI NANDA	TRUSTEE	1.00	Director	$0	$0	$0
DAVID RHODES	TRUSTEE	1.00	Director	$0	$0	$0
DR CRISTIAN SAMPER	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH SONNENBERG	TRUSTEE	1.00	Director	$0	$0	$0
MARC S STERNBERG	TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN TISCH	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP WATERMAN III	TRUSTEE	1.00	Director	$0	$0	$0
VANESSA WITTMAN	TRUSTEE	1.00	Director	$0	$0	$0
HANIFA BARNES ASST HEAD	OF SCHOOL FOR STRATEGY & OPERATIONS	40.00	Officer	$296,673	$76,838	$373,511
MILTON J SIPP	HEAD OF MIDDLE SCHOOL	40.00	Key Emp	$501,046	$37,313	$538,359
JAMES P DUVAL	HEAD OF LOWER SCHOOL	40.00	Key Emp	$269,078	$79,600	$348,678
ANNA R HALL	HEAD OF UPPER SCHOOL	40.00	Key Emp	$243,259	$75,400	$318,659
EMILY FINCKE	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$188,418	$30,327	$218,745
VALERIE KELLER	DEAN OF FACULTY	40.00	Key Emp	$169,885	$30,448	$200,333
JENNA C ROGERS KING ASSOC	HEAD OF SCHOOL FOR EXTERNAL AFFAIRS	40.00	Highest	$340,219	$59,018	$399,237
KRISTI H MARSHALL	DIRECTOR OF COLLEGE COUNSELING	40.00	Highest	$333,536	$52,441	$385,977
PAMELA EZELL CHIEF	COMMUNICATIONS OFFICER THRU SEPT 24	40.00	Highest	$280,764	$24,593	$305,357
JONATHAN KING	CHIEF INFORMATION & TECH. OFFICER	40.00	Highest	$277,518	$24,478	$301,996
ROBERTA MACIVOR	PHYSICAL EDUCATION DEPARTMENT CHAIR	40.00	Highest	$256,280	$27,689	$283,969
DOMINIC RANDOLPH	FORMER HEAD OF SCHOOL	0.00		$1,259,756	$0	$1,259,756
DANIEL SCHULTZ	FORMER CHIEF FINANCIAL OFFICER	0.00		$184,336	$13,131	$197,467
SHELBY STOKES	FORMER DEAN OF FACULTY	0.00		$131,445	$15,688	$147,133

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	$103,715,166	$98,857,726	$262,884,755	$4,857,440
2024	$98,004,730	$95,285,890	$256,217,038	$2,718,840
2023	$94,799,871	$92,288,972	$249,716,260	$2,510,899
2022	$87,506,636	$87,941,887	$242,986,114	$-435,251
2021	$82,826,277	$83,079,453	$247,467,239	$-253,176
2020	$78,624,155	$79,137,927	$230,702,058	$-513,772
2019	$78,227,958	$77,101,128	$238,932,837	$1,126,830
2018	$75,055,069	$74,010,450	$232,339,024	$1,044,619