RIVERSEDGE DEVELOPMENT CORPORATION (EIN 260819062) - 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

2007

Legal Domicile

Principal Officer

STEVEN BLACK

Phone

9898395294

Tax Period

2023-01-01 to 2023-12-31

RIVERSEDGE DEVELOPMENT CORPORATION, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $5K in total revenue in fiscal year 2023. Revenue surged 322% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3K, a strong 49% operating margin.

Mission

TO SELL THE UPTOWN AT RIVERSEDGE PROPERTY

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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 $0

Investment Income $5,132

Other Revenue $0

TOTAL REVENUE $5,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,624

Other Expenses $2,624

TOTAL EXPENSES $2,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,132	$1,217	+3.2%
Expenses	$2,624	$13,656	-0.8%
Net Income	$2,508	$-12,439	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN EGGERS	DIRECTOR	2.00	Director	$0	$0	$0
DOMINIC MONASTIERE	DIRECTOR	2.00	Director	$0	$0	$0
PAUL ROWLEY	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN BLACK	PRESIDENT	4.00	Officer Director	$0	$0	$0
MIKE STODOLAK	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$5,132	$2,624	$150,363	$2,508
2022	$1,217	$13,656	$147,855	$-12,439
2021	$347	$6,675	$160,294	$-6,328
2020	$3,072	$5,884	$166,622	$-2,812
2019	$5,604	$8,491	$169,434	$-2,887
2018	$2,047	$20,600	$172,321	$-18,553

RIVERSEDGE DEVELOPMENT CORPORATION