RIVERSIDE HEALTH CARE SYSTEM 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

1995

Legal Domicile

Principal Officer

DENNIS M KEANE

Phone

9149644340

Tax Period

2023-01-01 to 2023-12-31

RIVERSIDE HEALTH CARE SYSTEM INC, founded in 1995, is a micro nonprofit in the Health Care sector that reported $140 in total revenue in fiscal year 2023. Revenue surged 460% from the prior year, signaling strong growth momentum.

Mission

TO COORDINATE AND SUPPORT ACTIVITIES OF OPERATING NON PROFIT HOSPITALS AND OTHER RELATED ORGANIZATIONS ENGAGED IN HEALTHCARE ACTIVITIES INCLUDING LONG RANGE PLANNING AND FUNDRAISING FOR THE BETTERMENT OF THE COMMUNITIES SERVED.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

NONE

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $140

Other Revenue $0

TOTAL REVENUE $140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140	$25	+4.6%
Expenses	N/A	N/A	N/A
Net Income	N/A	$25	N/A

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

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

$2,425,173

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY M FISK	VICE CHAIR	0.25	Officer Director	$0	$0	$0
NANCY I KLEIN	SECRETARY	0.25	Officer Director	$0	$0	$0
RICHARD F KOMOSINSKI	TREASURER	0.25	Officer Director	$0	$0	$0
THOMAS T LEE MD	BOARD MEMBER	0.25	Director	$0	$0	$0
GERALD T MALONE	BOARD MEMBER	0.25	Director	$0	$0	$0
CECILE D SINGER	CHAIR	0.25	Officer Director	$0	$0	$0
MICHAEL SCHREIBER MD	FORMER CHIEF OF STAFF (THRU 3/13/23)	0.25	Director	$0	$0	$0
RONALD CORTI	PRESIDENT/CEO	0.25	Officer	$0	$157,390	$1,132,284
DENNIS KEANE	VP FINANCE/CFO	0.25	Officer	$0	$65,113	$701,896
PAUL ANTONECCHIA	CHIEF MEDICAL OFFICER	0.25	Officer	$0	$41,516	$590,993

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	No data	No data	No data	No data
2023	$140	No data	$571,331	No data
2022	$25	No data	$571,191	No data
2021	$10	No data	$571,166	No data
2020	$22	No data	$571,156	No data