HACKENSACK RIVERKEEPER 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

1997

Legal Domicile

Principal Officer

WILLIAM V SHEEHAN

Phone

2019680808

Tax Period

2024-01-01 to 2024-12-31

HACKENSACK RIVERKEEPER INC, founded in 1997, is a small nonprofit in the Environment sector that reported $855K in total revenue in fiscal year 2024.

Mission

THE MISSION OF HACKENSACK RIVERKEEPER IS TO PROTECT, PRESERVE, AND RESTORE THE HACKENSACK RIVER WATERSHED AND ITS LIVING RESOURCES. HACKENSACK RIVERKEEPER FIGHTS FOR CLEAN WATER, OPEN SPACE PRESERVATION, AND PUBLIC ACCESS TO THE RIVER FOR BOTH ACTIVE AND PASSIVE RECREATION.

Program Service Accomplishments

Program 1

Expenses: $142,419 Revenue: $51,586

ECO- CRUISES:HACKENSACK RIVERKEEPER HOSTED 2,153 ADULTS, STUDENTS AND CHILDREN ON OURECO-CRUISES. THE EDUCATIIONAL OUTREACH DURING THE 2.5 HOUR TOUR INCLUDES A NARRATIVE THAT DESCRIBES THE...

ECO- CRUISES:HACKENSACK RIVERKEEPER HOSTED 2,153 ADULTS, STUDENTS AND CHILDREN ON OURECO-CRUISES. THE EDUCATIIONAL OUTREACH DURING THE 2.5 HOUR TOUR INCLUDES A NARRATIVE THAT DESCRIBES THE ECO-SYSTEM, POLUTION, WILDLIFE AND RECOVERY OF THE RIVER AND THE MEADOWLANDS.

Program 2

Expenses: $95,243 Revenue: $56,700

CLEANUPS:HACKENSACK RIVERKEEPER HAS AN AMBITIOUS PUBLIC AND PRIVATE CORPORATE PARTNERSHIP CLEAN-UP PROGRAM WITHIN THE WATERSHED. OVER 36,438 POUNDS OF DEBRIS WERE REMOVED LAST YEAR THROUGH THE...

CLEANUPS:HACKENSACK RIVERKEEPER HAS AN AMBITIOUS PUBLIC AND PRIVATE CORPORATE PARTNERSHIP CLEAN-UP PROGRAM WITHIN THE WATERSHED. OVER 36,438 POUNDS OF DEBRIS WERE REMOVED LAST YEAR THROUGH THE EFFORTS OF VOLUNTEERS AND CORPORATE PARTNERS. PLASTICS, TIRES, APPLIANCES AND PAPER DEBRIS COMPRISED THE BULK OF THE ITEMS FOUND. THE ENGAGEMENT OF THE COMMUNITY AND EDUCATION ABOUT THE SOURCE OF THE POLLUTION HAS BEEN ONGOING GOAL OF THE PROGRAM.

Program 3

Expenses: $97,769 Revenue: $118,221

PADDLING:HACKENSACK RIVERKEEPER OPERATES THREE PADDLE CENTERS ON THE HACKENSACK RIVER. RIVERKEEPER PARTNERS WITH BERGEN COUNTYPARKS AND HUDSON COUNTY PARKS TO PROVIDE ACCESS TO THE WATERSHED...

PADDLING:HACKENSACK RIVERKEEPER OPERATES THREE PADDLE CENTERS ON THE HACKENSACK RIVER. RIVERKEEPER PARTNERS WITH BERGEN COUNTYPARKS AND HUDSON COUNTY PARKS TO PROVIDE ACCESS TO THE WATERSHED RESOURCES. IN ADDITION, PROGRAMS ARE COORDINATED WITH VARIOUS URBAN CITIES, COMMUNITIES AND GROUPS. DURING FISCAL YEAR 2024, 5013 INDIVIDUALS PARTICIPATED IN THE PROGRAM

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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 $536,388

Program Service Revenue $269,455

Investment Income $14,969

Other Revenue $34,566

TOTAL REVENUE $855,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $611,897

Fundraising Expenses $77,925

Program Expenses $742,493

Other Expenses $259,543

TOTAL EXPENSES $871,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$855,378	$847,819	+0.0%
Expenses	$871,440	$777,632	+0.1%
Net Income	$-16,062	$70,187	-1.2%

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

Volunteers

1200

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

$79,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GILLIES	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM LEGGETT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN GOLDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN MCDERMOTT	TREASUER	2.00	Officer Director	$0	$0	$0
CRAIG DORSETT	TRUSTEE	2.00	Director	$0	$0	$0
JOHN BIRKNER JR	TRUSTEE	2.00	Director	$0	$0	$0
KELLY PALAZZI	TRUSTEE	2.00	Director	$0	$0	$0
BRENDAN RESKASKIS	TRUSTEE	2.00	Director	$0	$0	$0
RUSSELL FURNARI	TRUSTEE	2.00	Director	$0	$0	$0
CAPTAIN WILLIAM SHEEHAN	EXECUTIVE DIRECTOR	40.00	Officer	$79,180	$0	$79,180

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	$855,378	$871,440	$1,540,741	$-16,062
2023	$847,819	$777,632	$1,491,718	$70,187
2022	$863,737	$721,712	$1,336,649	$142,025
2021	$1,054,506	$693,342	$1,282,253	$361,164
2020	$964,498	$756,226	$956,190	$208,272
2019	$736,840	$694,337	$654,881	$42,503
2018	$681,333	$715,966	$604,202	$-34,633