RIVERWORKS (EIN 264143579) - 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

2009

Legal Domicile

Principal Officer

DENISE KESANEN

Phone

7634775480

Tax Period

2024-06-01 to 2025-05-31

RIVERWORKS, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 11% surplus.

Mission

TO ALIGN AND MOBILIZE COMMUNITY RESOURCES TO DELIVER POWERFUL SOLUTIONS TO MEET NEEDS OF PEOPLE CONNECTED WITH THE GREENFILED AREA.

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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 $1,028,312

Program Service Revenue $525,617

Investment Income $40,494

Other Revenue $74,266

TOTAL REVENUE $1,668,689

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $467,585

Fundraising Expenses $73,146

Program Expenses $1,309,777

Other Expenses $997,049

TOTAL EXPENSES $1,478,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,668,689	$1,354,706	+0.2%
Expenses	$1,478,634	$1,350,778	+0.1%
Net Income	$190,055	$3,928	+47.4%

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

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

$44,995

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE DICKMAN	TREASURER	5.00	Officer Director	$0	$0	$0
BRIAN HOWE	CHAIRPERSON/SECRETARY	5.00	Officer Director	$0	$0	$0
ROBIN LAFOND	BOARD MEMBER	1.00	Director	$0	$0	$0
TRENT SHIPLEY	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MICAH KLEINSCHMIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE SIXTA	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE KESANEN	EXECUTIVE DIRECTOR	32.00	Key Emp	$44,995	$0	$44,995

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	$1,668,689	$1,478,634	$600,420	$190,055
2024	$1,264,368	$1,231,820	$218,113	$32,548
2023	$861,315	$908,585	$111,608	$-47,270
2022	$711,585	$785,760	$149,691	$-74,175
2021	$804,064	$666,691	$225,015	$137,373
2017	$590,546	$586,101	$60,137	$4,445

RIVERWORKS