RiverSpring Licensed Home Care Services Agency co Hebrew Home for the Aged at Riverdale (EIN 133900644) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Phone

7187965505

Tax Period

2023-01-01 to 2023-12-31

RiverSpring Licensed Home Care Services Agency co Hebrew Home for the Aged at Riverdale, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $15.0M in total revenue in fiscal year 2023.

Mission

TO PROVIDE A CONTINUUM OF HIGH QUALITY SUPPORTIVE SEVICES FOR OLDER ADULTS LIVING IN THEIR OWN HOMES.

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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 $14,976,359

Investment Income $0

Other Revenue $1,344

TOTAL REVENUE $14,977,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,332,253

Fundraising Expenses $0

Program Expenses $12,921,410

Other Expenses $1,589,085

TOTAL EXPENSES $14,921,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,977,703	$14,933,469	+0.0%
Expenses	$14,921,338	$14,861,787	+0.0%
Net Income	$56,365	$71,682	-0.2%

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

444

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

$2,770,552

Total Directors

Key Employees

$943,821

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN	1.0	Officer Director	$0	$0	$0
N/A	TREASURER/SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	Interim CFO	1.0	Officer	$0	$62,127	$381,356
N/A	PRESIDENT, CEO	1.0	Officer	$0	$66,119	$2,065,891
N/A	DIRECTOR OF PATIENT SERVICES	17.5	Officer	$0	$28,319	$323,305
N/A	CHIEF OPERATING OFFICER	1.0	Key Emp	$0	$32,203	$943,821
N/A	ASSISTANT DIRECTOR	35.0	Highest	$241,796	$38,614	$280,410

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	$14,977,703	$14,921,338	$1,911,262	$56,365
2022	$14,933,469	$14,861,787	$1,665,752	$71,682
2021	$16,405,863	$16,148,196	$1,678,682	$257,667
2020	$17,651,154	$17,457,218	$1,491,961	$193,936
2019	$17,880,552	$17,876,964	$2,385,715	$3,588
2018	$17,138,344	$17,033,460	$1,989,838	$104,884

RiverSpring Licensed Home Care Services Agency co Hebrew Home for the Aged at Riverdale