RIVERVIEW INDUSTRIES INC

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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

1998

Legal Domicile

Principal Officer

QUINTON BABCOCK

Phone

4198985250

Tax Period

2024-01-01 to 2024-12-31

RIVERVIEW INDUSTRIES INC, founded in 1998, is a community nonprofit in the Employment sector that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 14% surplus.

Mission

TO PROVIDE A MEANINGFUL WORK EXPERIENCE AND QUALITY OF LIFE FOR THE BENEFIT OF ADULTS WITH DEVELOPMENTAL DISABILITIES

Program Service Accomplishments

Program 1

Expenses: $3,041,586 Revenue: $3,903,992

PROVIDE EMPLOYMENT OPPORTUNITIES AND SUPPORTED LIVING ARRANGEMENTS FOR DEVELOPMENTALLY DISABLED PEOPLE IN OTTAWA COUNTY, OHIO

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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 $293,866

Program Service Revenue $3,903,992

Investment Income $103,688

Other Revenue $1,776

TOTAL REVENUE $4,303,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,719,052

Fundraising Expenses $0

Program Expenses $3,041,586

Other Expenses $990,989

TOTAL EXPENSES $3,710,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,303,322	$3,698,458	+0.2%
Expenses	$3,710,041	$3,932,076	-0.1%
Net Income	$593,281	$-233,618	-3.5%

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

118

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

$80,061

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BOROWS	CEO	40.00	Officer	$80,061	$0	$80,061
QUINTON BABCOCK	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY CANTU	BOARD DIRECT	1.00	Director	$0	$0	$0
MEGAN CRAUN	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBI HEIKS	BOARD DIRECT	1.00	Director	$0	$0	$0
JILL STEPHENSON	BOARD DIRECT	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
2024	$4,303,322	$3,710,041	$3,573,292	$593,281
2023	$3,698,458	$3,932,076	$3,068,904	$-233,618
2022	$3,725,882	$3,740,965	$3,300,628	$-15,083
2021	$4,947,812	$3,411,668	$3,184,218	$1,536,144
2020	$3,744,677	$3,146,478	$2,105,205	$598,199
2019	$3,288,521	$3,362,654	$1,092,912	$-74,133