FRENCH RIVER EDUCATION CENTER INC (EIN 222582539) - 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

1984

Legal Domicile

Principal Officer

RICCI HALL

Phone

5089780210

Tax Period

2024-07-01 to 2025-06-30

FRENCH RIVER EDUCATION CENTER INC, founded in 1984, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

EDUCATIONAL AND TRAINING SERVICES

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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 $0

Program Service Revenue $4,615,756

Investment Income $91,207

Other Revenue $2,265

TOTAL REVENUE $4,709,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,299,597

Fundraising Expenses $0

Program Expenses $4,072,574

Other Expenses $710,049

TOTAL EXPENSES $5,009,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,709,228	$3,961,940	+0.2%
Expenses	$5,009,646	$4,292,865	+0.2%
Net Income	$-300,418	$-330,925	-0.1%

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

$324,535

Total Directors

$201,332

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICCI HALL	EXECUTIVE DIRECTOR	37.50	Officer Director	$173,638	$27,694	$201,332
KATHLEEN COMER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
NANCY TULLY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
KEITH VENTIMIGLIA	DIRECTOR	1.00	Director	$0	$0	$0
DAN ST LOUIS	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE BYLUND	DIRECTOR	1.00	Director	$0	$0	$0
MARCO RODRIGUES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MANNILA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES D LOONEY	CLERK / BUSINESS MANAGER	37.50	Officer	$121,703	$1,500	$123,203
ANNE BOSSOLT	ADMIN ASSISTANT	37.50	Highest	$130,368	$9,626	$139,994
PAUL NESLUSAN	TECH DIRECTOR	37.50	Highest	$108,912	$3,521	$112,433
LESLEY D RAY HARVEY	SPEECH LANGUAGE PATHOLOGIS	37.50	Highest	$109,615	$1,250	$110,865
AMY FIELDS	MANAGER	37.50	Highest	$116,279	$2,770	$119,049

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	$4,709,228	$5,009,646	$5,165,327	$-300,418
2024	$3,961,940	$4,292,865	$5,254,085	$-330,925
2023	$4,532,126	$3,578,862	$5,402,773	$953,264
2022	$3,272,647	$3,582,389	$4,328,547	$-309,742
2021	$4,668,716	$3,605,753	$4,650,248	$1,062,963
2020	$2,648,542	$3,350,948	$4,117,472	$-702,406

FRENCH RIVER EDUCATION CENTER INC