ASHTABULA RIVER FOUNDATION (EIN 341842915) - 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

ANDREA BUSHWEILER

Phone

4404153547

Tax Period

2025-01-01 to 2025-12-31

ASHTABULA RIVER FOUNDATION, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $115K in total revenue in fiscal year 2025. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $38K, a strong 33% operating margin.

Mission

TO SUPPORT THE RESTORATION OF THE ASHTABULA RIVER, AND TO OWN AND OPERATE THE FORMER COAST GUARD STATION LOCATED ON THE EAST BANK OF THE ASHTABULA RIVER ("STATION"). WITH RESPECT TO THE STATION, THE FOUNDATION WILL PRESERVE AND DEVELOP THE PROPERTY FOR (I) PUBLIC ACCESS TO THE ASHTABULA RIVER; (II) A MEMORIAL AND MUSEUM OF THE HISTORY OF THE U.S. COAST GUARD IN ASHTABULA; AND (III) ECONOMIC DEVELOPMENT ALONG THE ASHTABULA RIVER AND OF THE STATION IN THE FORM OF KAYAK AND PADDLEBOARD RENTAL AND CONCESSION SALES AND SHORT-TERM LODGING IN THE STATION MAIN BUILDING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $100,000

Program Service Revenue $0

Investment Income $0

Other Revenue $15,225

TOTAL REVENUE $115,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,172

Other Expenses $76,924

TOTAL EXPENSES $76,924

Year-over-Year Comparison

	2025	2024	Change
Revenue	$115,225	$214,603	-0.5%
Expenses	$76,924	$44,265	+0.7%
Net Income	$38,301	$170,338	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY SPOSITO	PRESIDENT/DIRECTOR	2.00	Officer	$0	$0	$0
ANDREA BUSHWEILER	TREASURER/DIRECT	2.00	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
2025	$115,225	$76,924	$553,950	$38,301
2024	No data	No data	No data	No data
2023	$368,300	$25,930	$345,311	$342,370

ASHTABULA RIVER FOUNDATION