RIDGEWOOD SCHOOL ASSOCIATION

EIN: 310558452 501(c)(3) Education

SPRINGFIELD, OH

Total Revenue
$2,224,076
Total Expenses
$1,685,634
Total Assets
$5,736,628
Net Assets
$5,698,687
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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
1943
Legal Domicile
OH
Principal Officer
ALIYA RANGINWALA
Phone
9373998900
Tax Period
2024-07-01 to 2025-06-30

RIDGEWOOD SCHOOL ASSOCIATION, founded in 1943, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $538K, a strong 24% operating margin.

Mission

TO CREATE A VIBRANT LEARNING ENVIRONMENT TO CULTIVATE THE INTELLECT, IMAGINATION AND CHARACTER OF THE STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $1,302,242 Revenue: $1,214,970

OPERATION OF INDEPENDENT SCHOOL FOR PRESCHOOL THROUGH EIGHTH GRADE

Program 2
Expenses: $42,059 Revenue: $71,237

TO PROVIDE MEALS TO STUDENTS WHILE AT SCHOOL

Program 3
Expenses: $34,647 Revenue: $308,561

TO PROVIDE SUPERVISED CARE AND PROGRAMS FOR STUDENTS REQUIRING AFTER SCHOOL AND SUMMER SUPERVISION

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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 $198,405
Program Service Revenue $1,594,768
Investment Income $406,262
Other Revenue $24,641
TOTAL REVENUE $2,224,076

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,148,480
Fundraising Expenses $3,006
Program Expenses $1,378,948
Other Expenses $537,154
TOTAL EXPENSES $1,685,634

Year-over-Year Comparison

2024 2023 Change
Revenue $2,224,076 $1,617,476 +0.4%
Expenses $1,685,634 $1,507,690 +0.1%
Net Income $538,442 $109,786 +3.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
41
Volunteers
21

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
4
$101,420
Total Directors
12
$101,420
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALIYA RANGINWALA HEAD OF SCHOOL 40.00
Officer Director
$101,420 $0 $101,420
RANDALL COMER TRUSTEE 1.00
Director
$0 $0 $0
ADAM RUSSELL TREASURER 1.00
Officer Director
$0 $0 $0
MARTA WOJCIK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
AFSHAN SYED PRESIDENT 1.00
Officer Director
$0 $0 $0
DR TARIQ RIZVI TRUSTEE 1.00
Director
$0 $0 $0
BILL BROUGHER TRUSTEE 1.00
Director
$0 $0 $0
HEATHER CUNNINGHAM TRUSTEE 1.00
Director
$0 $0 $0
SCOTT THACKER TRUSTEE 1.00
Director
$0 $0 $0
MARGARET ROARK TRUSTEE 1.00
Director
$0 $0 $0
MELISSA HALLMARK TRUSTEE 1.00
Director
$0 $0 $0
KATHRYN ROGERS TRUSTEE 1.00
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
2025 $2,224,076 $1,685,634 $5,736,628 $538,442
2024 $1,617,476 $1,507,690 $5,321,415 $109,786
2023 $1,450,616 $1,407,108 $5,111,889 $43,508
2022 $1,478,857 $1,349,477 $5,080,796 $129,380
2021 $1,357,833 $1,196,008 $5,052,295 $161,825
2020 $1,428,180 $1,175,852 $4,821,922 $252,328
2019 $2,011,679 $1,170,868 $4,394,983 $840,811
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