RIVER OAKS COMMUNITY EDUCATION AND DEVELOPMENT CORPORATION (EIN 272974625) - 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

2010

Legal Domicile

Principal Officer

RODNEY HARRINGTON

Phone

3127190178

Tax Period

2023-08-01 to 2024-07-31

RIVER OAKS COMMUNITY EDUCATION AND DEVELOPMENT CORPORATION, founded in 2010, is a small nonprofit in the Education sector that reported $524K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

THE PRIMARY PURPOSE OF THE CORPORATION SHALL BE TO PROVIDE CHILDREN AND YOUTH A SAFE, NURTURING, EDUCATIONAL PLACE TO PLAY, LEARN AND GROW. THIS IS ACCOMPLISHED THROUGH CREATIVE ACTIVITIES AND PROGRAMMING THAT WILL ENGAGE YOUNG PEOPLE IN DEVELOPING A SENSE OF HONOR IN THEMSELVES, TOLERANCE AND CONFLICT RESOLUTION WITH THEIR PEERS AND OWNERSHIP IN THEIR COMMUNITY. THE VISION OF THE ORGANIZATION IS TO ASSIST YOUTH IN GAINING THE CONFIDENCE TO AFFECT POSITIVE CHANGE IN AN INCREASINGLY GLOBAL AND MULTI CULTURAL COMMUNITY AND WORLD.

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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 $400,234

Program Service Revenue $123,959

Investment Income $0

Other Revenue $0

TOTAL REVENUE $524,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,858

Fundraising Expenses $0

Program Expenses $405,689

Other Expenses $258,747

TOTAL EXPENSES $537,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$524,193	$563,253	-0.1%
Expenses	$537,605	$568,816	-0.1%
Net Income	$-13,412	$-5,563	+1.4%

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

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

$78,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY HARRINGTON	CHAIRMAN	40.00	Officer	$78,769	$0	$78,769
RICHARD BUSBY	OFFICER	1.00	Officer	$0	$0	$0
CHRISTOPPHER A BUTLER	VICE CHAIRMA	1.00	Officer	$0	$0	$0
JOSEPH KENNEDY	OFFICER	1.00	Officer	$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	$524,193	$537,605	$91,975	$-13,412
2023	$563,253	$568,816	$122,384	$-5,563
2022	$356,064	$530,721	$37,433	$-174,657
2021	$369,231	$177,385	$212,512	$191,846

RIVER OAKS COMMUNITY EDUCATION AND DEVELOPMENT CORPORATION