RIVERHEAD CENTRAL FACULTY ASSOC

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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

1973

Legal Domicile

Principal Officer

GREGORY WALLACE

Phone

6317272262

Tax Period

2023-07-01 to 2024-06-30

RIVERHEAD CENTRAL FACULTY ASSOC, founded in 1973, is a small nonprofit that reported $593K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LABOR SUPPORT AND SERVICES TO MEMBERS

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES ADVICE AND COUNSEL TO TEACHERS IN THE AREA OF LABOR ISSUES. ALSO PROVIDES TRAINING AND SUPPORT TO MEMBERS.

Program 2

THE ORGANIZATION PROVIDES SCHOLARSHIPS TO DESERVING STUDENTS OF THE DISTRICT.

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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 $516,078

Investment Income $766

Other Revenue $76,338

TOTAL REVENUE $593,182

Expense Breakdown

Grants Paid $9,500

Salaries & Benefits $49,085

Fundraising Expenses $0

Other Expenses $556,658

TOTAL EXPENSES $615,243

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,182	$520,067	+0.1%
Expenses	$615,243	$506,616	+0.2%
Net Income	$-22,061	$13,451	-2.6%

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

N/A

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

$76,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY WALLACE	PRESIDENT	25.00	Officer	$22,732	$0	$34,732
ROBERT BRANDI	TREASURER	10.00	Officer	$6,307	$0	$16,307
JENN SIMOES	VICE PRESIDE	15.00	Officer	$9,732	$0	$12,482
MARISA DESERIO	VICE PRESIDE	15.00	Officer	$8,057	$0	$10,807
CYNDI HAVERTY	SECRETARY	2.00	Officer	$2,257	$0	$2,257

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	$593,182	$615,243	$496,852	$-22,061
2023	$520,067	$506,616	$535,143	$13,451
2022	$489,642	$495,282	$518,553	$-5,640
2021	$433,155	$446,130	$505,888	$-12,975
2020	$436,839	$430,491	$518,256	$6,348
2019	$459,618	$441,437	$511,944	$18,181
2018	$451,498	$435,786	$491,257	$15,712