SPIRIT ON THE RIVER INC

EIN: 331103308

Amesbury, MA

Total Revenue
$290,971
Total Expenses
$817,345
Total Assets
$130,749
Net Assets
$130,749
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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
MA
Tax Period
2020-01-01 to 2020-12-31

SPIRIT ON THE RIVER INC, founded in 2004, is a small nonprofit that reported $291K in total revenue in fiscal year 2020. Revenue surged 2442% from the prior year, signaling strong growth momentum. Expenses of $817K exceeded revenue, resulting in a 181% operating deficit.

Mission

TO SERVE AS TITLE HOLDING COMPANY FOR UNITY ON THE RIVER INC. A CHURCH

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,135
Investment Income $285,720
Other Revenue $-3,884
TOTAL REVENUE $290,971

Expense Breakdown

Grants Paid $807,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $817,345
Other Expenses $10,345
TOTAL EXPENSES $817,345

Year-over-Year Comparison

2020 2019 Change
Revenue $290,971 $11,445 +24.4%
Expenses $817,345 $15,203 +52.8%
Net Income $-526,374 $-3,758 +139.1%
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
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS PAOLINI SECRETARY 5.00
Officer
$0 $0 $0
CHRISTIAN HAYES TREASURER 5.00
Officer
$0 $0 $0
THERESA NAROIAN PRESIDENT 5.00
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
2020 $290,971 $817,345 $130,749 $-526,374
2019 $11,445 $15,203 $623,311 $-3,758
2018 $11,533 $15,183 $645,366 $-3,650
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