RIVERSTONE SENIOR LIFE SERVICES 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

1988

Legal Domicile

Principal Officer

JOSE ALBINO

Phone

2129275600

Tax Period

2024-07-01 to 2025-06-30

RIVERSTONE SENIOR LIFE SERVICES INC, founded in 1988, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

RIVERSTONE IS A MULTI-SERVICE ORGANIZATION THAT FOCUSES ON THE NEEDS OF OLDER PEOPLE AND THEIR CAREGIVERS. ITS MISSION IS TO PROVIDE SERVICES AND ACTIVITIES THAT ENABLE OLDER PEOPLE TO REMAIN IN THEIR HOMES, WITH THE HIGHEST POSSIBLE QUALITY OF LIFE, AS LONG AS THEY CHOOSE.

Program Service Accomplishments

Program 1

Expenses: $870,858

MEMORY CENTER: A SOCIAL ADULT DAY PROGRAM FOR PERSONS WITH MEMORY LOSS DUE TO ALZHEIMER'S OR OTHER FORMS OF DEMENTIA IS OPEN, MONDAY TO FRIDAY, 8:30 AM TO 4:30 PM,PROVIDING SOCIALIZATION AND...

MEMORY CENTER: A SOCIAL ADULT DAY PROGRAM FOR PERSONS WITH MEMORY LOSS DUE TO ALZHEIMER'S OR OTHER FORMS OF DEMENTIA IS OPEN, MONDAY TO FRIDAY, 8:30 AM TO 4:30 PM,PROVIDING SOCIALIZATION AND THRAPEUTIC ACTIVITIES THAT HELP MAXIMIZE THEIR PHYSICAL AND MENTAL FUNCTION. IN ADDITION, SUPPORT SERVICES SUCH AS CASE MANAGEMENT AND SUPPORT GROUPS ARE AVAILABLE FOR CAREGIVERS.

Program 2

Expenses: $1,033,959

OLDER ADULT CENTER: IT OFFERS CONGREGATE LUNCH, AND A WIDE VARIETY OF RECREATIONAL/EDUCATIONAL ACTIVITIES, INCLUDING ENGLISH/CITIZENSHIP CLASSES, NUTRITION EDUCATION, HEALTH PROMOTION WORKSHOPS, AND FREE LEGAL CONSULTATIONS. AN EXPERIENCED CASEWORKER STAFF IS AVAILABLE TO HELP WITH ENTITLEMENTS AND BENEFITS, RESOLUTION OF HOUSING PROBLEMS, AND IMMIGRATION ISSUES.

Program 3

Expenses: $49,069

SOCIAL SERVICE DEPARTMENT: PROVIDES COMPREHENSIVE CASE MANAGEMENT SERVICES TO INDIVIDUALS OVER 60 YEARS OF AGE AND/OR THEIR FAMILY MEMBERS. ASSISTANCE INCLUDES BUT IS NOT LIMITED TO HELPING SECURE...

SOCIAL SERVICE DEPARTMENT: PROVIDES COMPREHENSIVE CASE MANAGEMENT SERVICES TO INDIVIDUALS OVER 60 YEARS OF AGE AND/OR THEIR FAMILY MEMBERS. ASSISTANCE INCLUDES BUT IS NOT LIMITED TO HELPING SECURE ENTITLEMENTS, MONEY MANAGEMENT, MENTAL HEALTH SCREENINGS, EMOTIONAL SUPPORT AND ADVOCACY TO RESOLVE HOUSING AND IMMIGRATION ISSUES, ETC.

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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 $1,475,578

Program Service Revenue $386,924

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,862,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,431,690

Fundraising Expenses $45,176

Program Expenses $1,953,886

Other Expenses $570,774

TOTAL EXPENSES $2,002,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,862,502	$1,671,789	+0.1%
Expenses	$2,002,464	$1,719,913	+0.2%
Net Income	$-139,962	$-48,124	+1.9%

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

N/A

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
LESLEY HALLIDAY	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARAH MORGRIDGE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MARIA LUNA	TREASURER	2.00	Officer Director	$0	$0	$0
HELEN DRIVAS	SECRETARY	2.00	Officer Director	$0	$0	$0
MARIJA DORSETT	MEMBER	1.00	Director	$0	$0	$0
KEVIN GOODRICH	MEMBER	1.00	Director	$0	$0	$0
HON JEANETTE RUIZ	MEMBER	1.00	Director	$0	$0	$0
ANTHONY GONZALEZ	MEMBER	1.00	Director	$0	$0	$0
CLIVIA TORRES	MEMBER	1.00	Director	$0	$0	$0
ILANA DUNNER	EXECUTIVE DI	35.00		$114,753	$0	$114,753
JOSE ALBINO	EXECUTIVE DI	35.00	Officer	$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	$1,862,502	$2,002,464	$952,995	$-139,962
2024	$1,671,789	$1,719,913	$1,180,264	$-48,124
2023	$1,719,228	$1,612,789	$1,200,241	$106,439
2022	$1,626,979	$1,471,968	$1,010,174	$155,011
2021	$1,368,738	$1,143,308	$920,226	$225,430
2020	$1,773,703	$1,687,982	$761,524	$85,721
2019	$1,839,195	$1,817,688	$460,026	$21,507
2018	$1,799,283	$1,863,761	$502,803	$-64,478