RIVERTREE APARTMENTS INC (EIN 311552940) - 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

1996

Legal Domicile

Principal Officer

JASON ELZY

Phone

5417795785

Tax Period

2024-01-01 to 2024-12-31

RIVERTREE APARTMENTS INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $190K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $213K exceeded revenue, resulting in a 12% operating deficit.

Mission

AFFORDABLE HOUSING.

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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 $0

Program Service Revenue $190,006

Investment Income $192

Other Revenue $0

TOTAL REVENUE $190,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,476

Fundraising Expenses $0

Program Expenses $189,489

Other Expenses $151,316

TOTAL EXPENSES $212,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,198	$173,061	+0.1%
Expenses	$212,792	$240,454	-0.1%
Net Income	$-22,594	$-67,393	-0.7%

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

$418,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT STODDARD	DIRECTOR	0.50	Director	$0	$0	$0
ROSEMARY HERNLEIN	CHAIRPERSON	0.50	Director	$0	$0	$0
LORI MAGEL	VICE-CHAIRPE	0.50	Director	$0	$0	$0
JAY STORMBERG	DIRECTOR	0.50	Director	$0	$0	$0
TERESA GAGLIO	DIRECTOR	0.50	Director	$0	$0	$0
THERESE MACGREGOR	DIRECTOR	0.50	Director	$0	$0	$0
MILAN HANSON	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN CONOVER	FIN. DIRECTO	1.00	Officer	$0	$11,342	$148,834
JASON ELZY	EXECUTIVE DI	1.00	Officer	$0	$34,877	$269,168
RYAN HAYNES	DEVELOPMENT	1.00	Highest	$0	$23,777	$176,845
CARA CARTER	DIRECTOR OF	1.00	Highest	$0	$20,454	$163,235

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	$190,198	$212,792	$518,506	$-22,594
2023	$173,061	$240,454	$535,952	$-67,393
2022	$170,938	$204,393	$614,134	$-33,455
2021	$168,306	$192,751	$627,541	$-24,445
2020	$164,444	$163,256	$654,448	$1,188
2019	$162,989	$178,337	$650,977	$-15,348
2018	$211,806	$164,521	$664,676	$47,285

RIVERTREE APARTMENTS INC