RISING RIVER CORPORATION (EIN 341964689) - 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

2001

Legal Domicile

Principal Officer

JESSICA HALBERG

Phone

4404633162

Tax Period

2023-01-01 to 2023-12-31

RISING RIVER CORPORATION, founded in 2001, is a small nonprofit in the Education sector that reported $261K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $339K exceeded revenue, resulting in a 30% operating deficit.

Mission

EQUINE EDUCATION, HORSE RESCUE

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,053

Program Service Revenue $256,340

Investment Income $0

Other Revenue $0

TOTAL REVENUE $261,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,516

Fundraising Expenses $0

Program Expenses $339,180

Other Expenses $220,664

TOTAL EXPENSES $339,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$261,393	$290,813	-0.1%
Expenses	$339,180	$315,703	+0.1%
Net Income	$-77,787	$-24,890	+2.1%

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

Governance

Voting Members

Independent Members

Employees

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

$36,333

Total Directors

$39,183

Key Employees

$40,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J L HALBERG	MANAGER	40.00	Key Emp	$40,800	$0	$40,800
K J TOTH	DIRECTOR	4.00	Officer Director	$36,333	$0	$36,333
C R HALBERG	DIRECTOR	2.00	Director	$2,850	$0	$2,850

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	No data	No data	No data	No data
2023	$261,393	$339,180	$8,278	$-77,787
2022	$290,813	$315,703	$65,138	$-24,890
2021	$239,158	$263,347	$74,506	$-24,189
2020	$143,578	$76,539	$79,194	$67,039
2019	$92,067	$77,223	$69,124	$14,844
2018	$101,196	$116,965	$68,809	$-15,769

RISING RIVER CORPORATION