RIVERSIDE PARK CONSERVANCY 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

1986

Legal Domicile

Principal Officer

MERRITT BIRNBAUM

Phone

2128703070

Tax Period

2023-01-01 to 2023-12-31

RIVERSIDE PARK CONSERVANCY INC, founded in 1986, is a community nonprofit in the Environment sector that reported $9.9M in total revenue in fiscal year 2023. Expenses of $11.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF THE CONSERVANCY IS TO RESTORE, MAINTAIN, AND IMPROVE RIVERSIDE PARK

Program Service Accomplishments

Program 1

Expenses: $5,375,921

FIELD OPERATIONS AND VOLUNTEERS:THESE PROGRAMS INCLUDE MAINTENANCE AND RESTORATION WORK PERFORMED IN THE PARK, EITHER BY PAID STAFF, OUR VOLUNTEERS, OR OUTSIDE CONTRACTORS. THEY CAN INCLUDE...

FIELD OPERATIONS AND VOLUNTEERS:THESE PROGRAMS INCLUDE MAINTENANCE AND RESTORATION WORK PERFORMED IN THE PARK, EITHER BY PAID STAFF, OUR VOLUNTEERS, OR OUTSIDE CONTRACTORS. THEY CAN INCLUDE HORTICULTURAL RESTORATION AND CARE, BALLFIELD CARE, TENNIS COURT MAINTENANCE, PAINTING, AND SMALL REPAIRS, E.G., BY ELECTRICIANS, PLUMBERS, MASONS, OR OTHERS HIRED BY THE CONSERVANCY. FIELD OPERATIONS ALSO INCLUDES THE PURCHASE OF VEHICLES AND EQUIPMENT TO SUPPORT THIS WORK.

Program 2

Expenses: $2,746,084 Revenue: $1,935,121

PUBLIC PROGRAMS & EVENTS:THESE PROGRAMS OFFERED TO GENERAL PUBLIC, EITHER FREE OR FOR A FEE. FREE EVENTS MAY INCLUDE CONCERTS, YOGA OUTDOOR MOVIES, CHILDREN'S PROGRAMS, AND LARGE EVENTS SUCH AS THE WESTSIDE COUNTY FAIR, IRISH ARTS FESTIVAL, LITTLE RED LIGHTHOUSE FESTIVAL, AND THE HOLIDAY TREE LIGHTING. EVENTS FOR A FEE MAY INCLUDE ACTIVITIES SUCH AS TENNIS LESSONS AND SPORTS CAMP.

Program 3

Expenses: $1,883,859

DESIGN AND CONSTRUCTION:THIS REFERS TO CAPITAL IMPROVEMENTS IN THE PARK. FOR 2023 THESE INCLUDED RECONSTRUCTION OF THE STEP RAMP AT 116TH STREET, RECONSTRUCTION AND INSTALLATION OF PICKLEBALL COURTS AT 110TH ST, INSTALLATION OF A DRINKING FOUNTAIN, PICNIC TABLES AND FENCING AT THE 110TH ST PICKLEBALL COURTS, BIOSWALE CONSTRUCTION AT THE 91ST VALE TO ADDRESS EROSION AND RUNOFF, PAVING, LANDSCAPE RESTORATION AND INSTALLATION OF COMPOST CENTER AT 96TH ST COMPOUND. GENERALLY, THESE ARE PAYMENTS TO OUTSIDE CONTRACTORS BUT MAY ALSO INCLUDE ASSOCIATED COSTS SUCH AS PRINTING AND COPYING, DESIGN DRAWINGS, SIGNAGE, PERMIT FEES, AND RELATED POSTAGE.

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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 $7,764,868

Program Service Revenue $1,935,121

Investment Income $216,940

Other Revenue $-43,982

TOTAL REVENUE $9,872,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,613,619

Fundraising Expenses $610,166

Program Expenses $10,005,864

Other Expenses $5,943,532

TOTAL EXPENSES $11,557,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,872,947	$9,246,447	+0.1%
Expenses	$11,557,151	$9,737,559	+0.2%
Net Income	$-1,684,204	$-491,112	+2.4%

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

110

Volunteers

4500

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

$441,110

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICAH C LASHER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARGARET HOLEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN L MASCIALINO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARIA LIZARDO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LARA SHALOV MEHRABAN	SECRETARY	1.00	Officer Director	$0	$0	$0
NEIL HORNER	TREASURER	1.00	Officer Director	$0	$0	$0
LORI BASSMAN	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
VICTORIA BENITEZ	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH A BROWN	DIRECTOR	1.00	Director	$0	$0	$0
NNAJI CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LIAW	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J EPSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GOLDSTICK	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE BAZOS	DIRECTOR (DEC)	1.00	Director	$0	$0	$0
SARAH LESHNER CARVALHO	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW EHRLICH	DIRECTOR (MAR-DEC)	1.00	Director	$0	$0	$0
JOSH LEHRER	DIRECTOR	1.00	Director	$0	$0	$0
JANE MCINTOSH	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN SLOAN	DIRECTOR (JUN-DEC)	1.00	Director	$0	$0	$0
Y CHRISTOPHER MICHEL	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE MORRISON GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS OFFEN	DIRECTOR	1.00	Director	$0	$0	$0
MARY FRANCES SHAUGHNESSY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH TANSEY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MCNAMARA JAN - SEPT	FORMER DIRECTOR	1.00	Director	$0	$0	$0
PETER HORNICK JAN - SEPT	FORMER DIRECTOR	1.00	Director	$0	$0	$0
ANDREA KRANTZ JAN - DEC	FORMER DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE ROTH	VP OPERATIONS	40.00	Officer	$113,154	$16,593	$129,747
MERRITT BIRNBAUM	PRESIDENT & CEO	40.00	Officer	$295,000	$16,363	$311,363

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	$9,872,947	$11,557,151	$8,389,739	$-1,684,204
2022	$9,246,447	$9,737,559	$10,346,481	$-491,112
2021	$9,288,014	$7,543,124	$11,373,583	$1,744,890
2020	$8,251,764	$6,009,644	$8,726,891	$2,242,120
2019	$7,085,001	$7,212,115	$6,162,366	$-127,114
2018	$7,170,311	$5,790,450	$5,528,995	$1,379,861