RIVER MILL ACADEMY (EIN 300248126) - 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

2004

Legal Domicile

Principal Officer

JEFFREY DISHMON

Phone

3362290909

Tax Period

2024-07-01 to 2025-06-30

RIVER MILL ACADEMY, founded in 2004, is a community nonprofit in the Education sector that reported $8.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL

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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 $8,004,166

Program Service Revenue $622,967

Investment Income $37,520

Other Revenue $16,201

TOTAL REVENUE $8,680,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,447,853

Fundraising Expenses $0

Program Expenses $7,803,745

Other Expenses $2,191,651

TOTAL EXPENSES $8,639,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,680,854	$7,851,008	+0.1%
Expenses	$8,639,504	$7,832,654	+0.1%
Net Income	$41,350	$18,354	+1.3%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL DAVIS	COMMUNITY SEAT- BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DEBBIE CARLSON	COMMUNITY SEAT	1.00	Director	$0	$0	$0
KENNY RISEN	COMMUNITY SEAT	1.00	Director	$0	$0	$0
CATHY WHITFIELD	COMMUNITY SEAT	1.00	Director	$0	$0	$0
JASON AUSTIN	PARENT SEAT	1.00	Director	$0	$0	$0
KATY DOSS	PARENT SEAT	1.00	Director	$0	$0	$0
MICHAEL WESTCOTT	PARENT SEAT	1.00	Director	$0	$0	$0
MIKE WILSON	PARENT SEAT	1.00	Director	$0	$0	$0
ALEX VINSANT	PARENT SEAT	1.00	Director	$0	$0	$0
JEFFREY DISHMON	PRINCIPAL	40.00	Highest	$152,763	$0	$152,763

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	$8,680,854	$8,639,504	$14,902,788	$41,350
2024	$7,851,008	$7,832,654	$14,275,102	$18,354
2023	$7,618,720	$6,939,663	$13,716,946	$679,057
2022	$8,126,741	$7,047,777	$12,915,784	$1,078,964
2021	$7,142,897	$6,555,079	$15,187,691	$587,818
2020	$7,164,524	$6,438,886	$13,855,503	$725,638

RIVER MILL ACADEMY