FRIENDS OF THE RIVERFRONT INC

EIN: 251655056 501(c)(3) Community Improvement

PITTSBURGH, PA

Total Revenue
$1,523,400
Total Expenses
$1,408,552
Total Assets
$1,311,969
Net Assets
$1,150,916
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
PA
Principal Officer
KELSEY RIPPER
Phone
4124880212
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE RIVERFRONT INC, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.4M left a modest 8% surplus.

Mission

BUILD SAFE, CLEAN, AND ACCESSIBLE RIVERFRONT TRAILS AS PART OF THE THREE RIVERS HERITAGE TRAIL SYSTEM TO CREATE AND MAINTAIN AN OUTSTANDING EXPERIENCE FOR TRAIL USERS WHILE PROVIDING ECONOMIC, ENVIRONMENTAL, AND HEALTH BENEFITS TO THE PITTSBURGH REGION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,315,877
Program Service Revenue $192,552
Investment Income $14,971
Other Revenue $0
TOTAL REVENUE $1,523,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $727,799
Fundraising Expenses $132,337
Program Expenses $1,085,822
Other Expenses $680,753
TOTAL EXPENSES $1,408,552

Year-over-Year Comparison

2024 2023 Change
Revenue $1,523,400 $1,647,989 -0.1%
Expenses $1,408,552 $1,542,552 -0.1%
Net Income $114,848 $105,437 +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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
13
Volunteers
1710

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
5
$99,207
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMANTHA HARTZMAN PRESIDENT 5.00
Officer Director
$0 $0 $0
DON MENOVICH TREASURER 5.00
Officer Director
$0 $0 $0
WILLIAM SIMPSON VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
LAUREN BURGE SECRETARY 5.00
Officer Director
$0 $0 $0
DOUG CLARK BOARD MEMBER 5.00
Director
$0 $0 $0
ANTHONY GILCHRIST BOARD MEMBER 5.00
Director
$0 $0 $0
CHRISTOPHER HETZ BOARD MEMBER 5.00
Director
$0 $0 $0
BRETT HOLLERN BOARD MEMBER 5.00
Director
$0 $0 $0
HARRIS JONES BOARD MEMBER 5.00
Director
$0 $0 $0
JARED MARCIANO BOARD MEMBER 5.00
Director
$0 $0 $0
ANGELA MARTINEZ BOARD MEMBER 5.00
Director
$0 $0 $0
MEGAN WINTERS BOARD MEMBER (UNTIL 6/3/25) 5.00
Director
$0 $0 $0
ANNA TANG BOARD MEMBER 5.00
Director
$0 $0 $0
KELSEY RIPPER EXECUTIVE DIRECTOR 40.00
Officer
$99,207 $0 $99,207
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 $1,523,400 $1,408,552 $1,311,969 $114,848
2024 $1,647,989 $1,542,552 $1,177,491 $105,437
2023 $991,937 $939,431 $985,855 $52,506
2022 $726,711 $503,677 $885,070 $223,034
2021 $564,269 $425,248 $721,465 $139,021
2020 $613,807 $395,931 $558,063 $217,876
2019 $325,902 $292,102 $301,732 $33,800
2018 $234,050 $210,714 $265,120 $23,336
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