RIDGE OAK 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

1976

Legal Domicile

Principal Officer

BONNIE KELLY

Phone

9082210266

Tax Period

2023-07-01 to 2024-06-30

RIDGE OAK INC, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $7.8M in total revenue in fiscal year 2023. The organization ran a surplus of $1.9M, a strong 24% operating margin.

Mission

TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ FOR LOW INCOME ELDERLY PERSONS.

Program Service Accomplishments

Program 1

Expenses: $3,916,904 Revenue: $7,272,614

PROVISION OF 248 UNITS FOR HOUSING AND RELATED SERVICES FOR THE ELDERLY IN BASKING RIDGE, NJ PURSUANT TO SECTION 8 OF THE US HOUSING ACT OF 1937. RENT SUBSIDY IS PROJECT BASED.

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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 $249,684

Program Service Revenue $7,272,614

Investment Income $260,068

Other Revenue $0

TOTAL REVENUE $7,782,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,057,483

Fundraising Expenses $0

Program Expenses $3,916,904

Other Expenses $3,852,555

TOTAL EXPENSES $5,910,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,782,366	$7,721,748	+0.0%
Expenses	$5,910,038	$5,087,673	+0.2%
Net Income	$1,872,328	$2,634,075	-0.3%

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

$249,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORMAN GRAFF	TREASURER	1.00	Officer Director	$0	$0	$0
DENISE SZABO	TRUSTEE	0.30	Director	$0	$0	$0
BOB TALLAKSEN	TRUSTEE	0.30	Director	$0	$0	$0
PAMELA BOWMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBORAH KNAPP	TRUSTEE	0.30	Director	$0	$0	$0
SUSAN PAPE	TRUSTEE	0.30	Director	$0	$0	$0
VINCENT BAKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRACIE MALLEO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE MCARTHUR	TRUSTEE	0.30	Director	$0	$0	$0
BONNIE KELLY	EXECUTIVE DIRECTOR	10.00	Officer	$0	$62,684	$249,911

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	No data	No data	No data	No data
2024	$7,782,366	$5,910,038	$35,754,080	$1,872,328
2023	$7,721,748	$5,087,673	$32,623,279	$2,634,075
2022	$7,489,570	$4,667,969	$29,620,650	$2,821,601
2021	$6,648,851	$4,364,176	$29,738,000	$2,284,675
2020	$6,434,290	$4,216,616	$25,711,594	$2,217,674
2019	$6,216,398	$4,168,220	$24,413,241	$2,048,178
2018	$5,591,830	$4,165,530	$21,096,945	$1,426,300