BLACK RIVER ENVIRONMENTAL IMPROVEM… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

MATTHEW ELLS

Phone

2123030200

Tax Period

2023-05-01 to 2024-04-30

BLACK RIVER ENVIRONMENTAL IMPROVEMENT ASSOCIATION INC, founded in 1984, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 84% operating margin.

Mission

BLACK RIVER ENVIRONMENTAL IMPROVEMENT ASSOCIATION, INC. ("BREIA") IS ORGANIZED FOR EXCLUSIVELY CHARITABLE AND EDUCATIONAL PURPOSES AND OPERATES FOR THE BENEFIT OF THE NATURE CONSERVANCY, THE ADIRONDACK LAND TRUST, INC., AND ONE OR MORE SUCH ORGANIZATIONS WHICH OPERATE PRIMARILY TO CONSERVE, MAINTAIN AND ENHANCE THE SCENIC, HISTORICAL, WILDERNESS, WILDLIFE, OPEN SPACE AND OUTDOOR RECREATION VALUES OF THE ADIRONDACK AND TUG HILL AREAS.

Program Service Accomplishments

Program 1

Expenses: $333,576 Revenue: $1,000

TRAIL PRESERVATION - MAINTAINED AND PRESERVED FOR PUBLIC USE APPROXIMATELY 50 KILOMETERS OF CROSS COUNTRY SKI AND HIKING TRAILS IN THE TUG HILL AREA; MAINTAINED WARMING HUTS FOR USE BY THE PUBLIC...

TRAIL PRESERVATION - MAINTAINED AND PRESERVED FOR PUBLIC USE APPROXIMATELY 50 KILOMETERS OF CROSS COUNTRY SKI AND HIKING TRAILS IN THE TUG HILL AREA; MAINTAINED WARMING HUTS FOR USE BY THE PUBLIC WHEN UTILIZING THESE TRAILS. AT LEAST 10,556 INDIVIDUALS UTILIZED THE TRAILS BASED ON SIGN-IN SHEETS.

Program 2

Expenses: $166,985 Revenue: $-10,739

OUTREACH SERVICES - BREIA SUPPORTED A PROGRAM TO SPONSOR FIELD TRIPS FOR STUDENTS OF AREA SCHOOLS GIVING THEM OPPORTUNITIES TO MOUNTAIN BIKE, CROSS COUNTRY SKI, SNOWSHOE, AND LEARN ABOUT ANIMALS AND THE ENVIRONMENT. BREIA'S OPERATIONS CENTER AND TRAIL SYSTEM ARE USED AS PART OF THE PROGRAM. IN ADDITION, BREIA TRAILS ARE USED BY OTHER ORGANIZATIONS FOR VARIOUS SKI PROGRAMS. BREIA ALSO PROVIDES MONETARY SUPPORT FOR ORGANIZATIONS WITH SIMILAR MISSIONS IN CONNECTION WITH THESE SERVICES.

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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 $2,231,773

Program Service Revenue $0

Investment Income $2,073,518

Other Revenue $1,000

TOTAL REVENUE $4,306,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,513

Fundraising Expenses $0

Program Expenses $500,561

Other Expenses $460,560

TOTAL EXPENSES $668,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,306,291	$2,371,270	+0.8%
Expenses	$668,073	$616,750	+0.1%
Net Income	$3,638,218	$1,754,520	+1.1%

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

$7,442

Total Directors

$2,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BROWN	CHAIRMAN	1.00	Director	$2,850	$0	$2,850
PEG OLSEN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CARR	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HOWE	TRUSTEE	1.00	Director	$0	$0	$0
GILBERT BUTLER	CFO	2.00	Officer Director	$0	$0	$0
MATTHEW ELLS	PRESIDENT	2.00	Officer	$0	$0	$0
LAUREN SIMPSON	SECRETARY	1.00	Officer	$0	$0	$0
JOSEPH MANCARI	TREASURER	2.00	Officer	$0	$0	$0
JENNIFER MCGOVERN	CONTROLLER	2.00	Officer	$0	$0	$0
DIANE HAUSSERMAN	ASSISTANT CONTROLLER	2.00	Officer	$7,442	$0	$7,442

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
2024	$4,306,291	$668,073	$15,765,375	$3,638,218
2023	$2,371,270	$616,750	$12,337,118	$1,754,520
2022	$229,840	$540,250	$10,675,615	$-310,410
2021	$3,437,910	$481,791	$10,417,967	$2,956,119
2020	$2,690,954	$436,610	$6,928,197	$2,254,344
2019	$421,188	$332,465	$5,844,254	$88,723
2018	$120,037	$457,932	$5,914,356	$-337,895

BLACK RIVER ENVIRONMENTAL IMPROVEMENT ASSOCIATION INC