FRIENDS OF THE RIVERWALK 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

2005

Legal Domicile

Principal Officer

ANTHONY DERBY

Phone

8132211539

Tax Period

2024-10-01 to 2025-09-30

FRIENDS OF THE RIVERWALK INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $586K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 22% operating margin.

Mission

FRIENDS OF THE RIVERWALK SUPPORTS THE EXPANSION, DEVELOPMENT, ACTIVATION, AND PROMOTION OF THE TAMPA RIVERWALK TO INCREASE PUBLIC ACCESS TO THE WATERFRONT; IMPROVE CONNECTIVITY AND MOBILITY; CREATE INVITING, PEOPLE-ORIENTED EXPERIENCES; AND FOSTER A STRONG SENSE OF COMMUNITY THROUGH PUBLIC SPACES, EVENTS, AND PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $30,877 Revenue: $24,663

IN 2025, FRIENDS OF THE RIVERWALK PROMOTED THE TAMPA RIVERWALK THROUGH MULTIPLE PROGRAMS SUPPORTING LOCAL BUSINESSES AND PLACEMAKING. THE CORPORATE BANNER PROGRAM FEATURED 188 BANNER SPACES ACROSS...

IN 2025, FRIENDS OF THE RIVERWALK PROMOTED THE TAMPA RIVERWALK THROUGH MULTIPLE PROGRAMS SUPPORTING LOCAL BUSINESSES AND PLACEMAKING. THE CORPORATE BANNER PROGRAM FEATURED 188 BANNER SPACES ACROSS 107 LIGHT POLES, WITH 53 ORGANIZATIONS PARTICIPATING, LEVERAGING ANNUAL RIVERWALK FOOT TRAFFIC EXCEEDING 2.1 MILLION VISITORS. THE SPECIALTY CUP PROGRAM ENABLED LICENSED VENDORS TO SELL BEVERAGES WITHIN A DESIGNATED OPEN-CONTAINER AREA, WITH 17 PARTICIPATING ORGANIZATIONS CONTRIBUTING TO A VIBRANT, SOCIAL ATMOSPHERE. THE PAVING THE WAY PROGRAM RAISED VITAL FUNDS WHILE ENHANCING THE RIVERWALK'S IDENTITY THROUGH ENGRAVED GRANITE PAVERS; 210 CUSTOM PAVERS WERE INSTALLED IN 2025 TO COMMEMORATE INDIVIDUALS, MILESTONES, AND COMMUNITY PRIDE.

Program 2

Expenses: $277,894 Revenue: $98,651

IN 2025, FRIENDS OF THE RIVERWALK HOSTED FREE, FAMILY-FRIENDLY EVENTS ALONG THE 2.6-MILE TAMPA RIVERWALK, INCLUDING TAMPA RIVERFEST, THE JULY 4TH BOAT PARADE & BLESSING OF THE FLEET, RIVERWALK...

IN 2025, FRIENDS OF THE RIVERWALK HOSTED FREE, FAMILY-FRIENDLY EVENTS ALONG THE 2.6-MILE TAMPA RIVERWALK, INCLUDING TAMPA RIVERFEST, THE JULY 4TH BOAT PARADE & BLESSING OF THE FLEET, RIVERWALK TRICK-OR-TREAT, THE HOLIDAY HARBOUR TREE LIGHTING, THE HOLIDAY SPECTACULAR, AND THE HOLIDAY LIGHTED BOAT PARADE. THESE EVENTS ATTRACTED MORE THAN 150,000 ATTENDEES AND WERE SUPPORTED BY OVER 100 LOCAL BUSINESS SPONSORS AND VENDORS, GENERATING ECONOMIC ACTIVITY AND STRENGTHENING COMMUNITY ENGAGEMENT. THE ORGANIZATION ALSO HOSTED QUARTERLY RIVERWALK CLEANUPS, COLLECTING 144 BAGS AND 742 POUNDS OF TRASH TO MAINTAIN A CLEAN, SAFE, AND WELCOMING WATERFRONT.

Program 3

Expenses: $34,147

FRIENDS OF THE RIVERWALK PRODUCES THE TAMPA ATTRACTIONS & RIVERWALK BROCHURE, THE REGION'S LEADING VISITOR GUIDE, PUBLISHED TWICE ANNUALLY WITH A DISTRIBUTION EXCEEDING 150,000 COPIES STATEWIDE. THE ORGANIZATION ALSO MANAGES THE OFFICIAL TAMPA RIVERWALK WEBSITE, WHICH RECEIVES MORE THAN 400,000 VISITORS ANNUALLY, AND MAINTAINS ACTIVE SOCIAL MEDIA CHANNELS. IN ADDITION, FRIENDS OF THE RIVERWALK DISTRIBUTES THE WEEKLY RIVERWALK ROUNDUP NEWSLETTER TO MORE THAN 5,000 SUBSCRIBERS, ACHIEVING AN AVERAGE 50% OPEN RATE AND PROVIDING TIMELY INFORMATION ON RIVERWALK EVENTS AND ACTIVITIES.

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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 $410,439

Program Service Revenue $0

Investment Income $15,870

Other Revenue $159,854

TOTAL REVENUE $586,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $303,194

Fundraising Expenses $0

Program Expenses $342,918

Other Expenses $155,551

TOTAL EXPENSES $458,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$586,163	$397,125	+0.5%
Expenses	$458,745	$402,752	+0.1%
Net Income	$127,418	$-5,627	-23.6%

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

324

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

$135,023

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY DERBY	CHAIRMAN	10.00	Officer Director	$0	$0	$0
KEITH GREMINGER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CHRIS EASTMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
KRIS KNOX	TREASURER	5.00	Officer Director	$0	$0	$0
MARYBETH WILLIAMS	EXECUTIVE DIRECTOR	45.00	Director	$104,523	$30,500	$135,023
AMANDA PAGE-ZWIERKO	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMERON DIEHL	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDACE ROTOLO	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLY CICCATI	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLE POST	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID DEVANEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN ZIMMERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUI GARMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF HOUCK	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF WECKBACK	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL MANTHEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GERDING	BOARD MEMBER	1.00	Director	$0	$0	$0
JUAN MERHEB	BOARD MEMBER	1.00	Director	$0	$0	$0
KATY ALDERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN PLUMMER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAKISHA KINSEY-SALLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LIJAH LOKENAUTH	BOARD MEMBER	1.00	Director	$0	$0	$0
LUCIA GARSYS	BOARD MEMBER	1.00	Director	$0	$0	$0
SANTIAGO CORRADA	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE STANFIELD	BOARD MEMBER	1.00	Director	$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	$586,163	$458,745	$1,148,654	$127,418
2024	$397,125	$402,752	$1,018,236	$-5,627
2023	$383,218	$408,202	$968,038	$-24,984
2022	$446,517	$371,954	$1,009,733	$74,563
2021	$240,167	$228,771	$881,593	$11,396
2020	$144,642	$211,840	$844,528	$-67,198
2019	$300,270	$210,654	$883,253	$89,616
2018	$324,185	$213,537	$795,009	$110,648