RIVER VALLEY RESOURCES INC

EIN: 351820770 501(c)(3) Employment

MADISON, IN

Total Revenue
$8,506,935
Total Expenses
$8,406,362
Total Assets
$4,140,403
Net Assets
$3,356,481
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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
1990
Legal Domicile
IN
Principal Officer
MARGO OLSON
Phone
8122652652
Tax Period
2024-07-01 to 2025-06-30

RIVER VALLEY RESOURCES INC, founded in 1990, is a community nonprofit in the Employment sector that reported $8.5M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO PREPARE YOUTH AND UNSKILLED ADULTS FOR ENTRY INTO THE WORKFORCE AND TO ASSIST ECONOMICALLY DISADVANTAGED INDIVIDUALS IN BECOMING SELF SUFFICIENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,496,521
Program Service Revenue $0
Investment Income $19,238
Other Revenue $-8,824
TOTAL REVENUE $8,506,935

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,323,460
Fundraising Expenses $0
Program Expenses $8,004,180
Other Expenses $3,082,902
TOTAL EXPENSES $8,406,362

Year-over-Year Comparison

2024 2023 Change
Revenue $8,506,935 $6,642,130 +0.3%
Expenses $8,406,362 $6,265,958 +0.3%
Net Income $100,573 $376,172 -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

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Governance

Voting Members
8
Independent Members
8
Employees
191
Volunteers
23

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
6
$292,572
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF HARTZ CHAIR 1.00
Officer Director
$0 $0 $0
MISTY GILBERT VICE-CHAIR 1.00
Officer Director
$0 $0 $0
JON BOND SECRETARY 1.00
Officer Director
$0 $0 $0
CUTIS ADKINS MEMBER 1.00
Director
$0 $0 $0
KEVIN CARRICK MEMBER FROM 06/25/25 1.00
Director
$0 $0 $0
TOCARRA GARTIN MEMBER 1.00
Director
$0 $0 $0
DAVID TERRELL MEMBER 1.00
Director
$0 $0 $0
STEPHANIE WITHERED MEMBER 1.00
Director
$0 $0 $0
KATHY HUFFMAN MEMBER THRU 12/17/24 1.00
Director
$0 $0 $0
GLORIA RISK MEMBER THRU 12/17/24 1.00
Director
$0 $0 $0
MARGO OLSON CHIEF EXECUTIVE OFFICER 37.50
Officer
$110,083 $4,485 $114,568
BEVERLY SMITH CHIEF ADMINISTRATIVE OFFICER 37.50
Officer
$57,945 $2,359 $60,304
KONNIE MCCOLLUM CHIEF OPERATIONS OFFICER 37.50
Officer
$97,617 $20,083 $117,700
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 $8,506,935 $8,406,362 $4,140,403 $100,573
2024 $6,642,130 $6,265,958 $3,754,271 $376,172
2023 $5,535,324 $5,253,297 $3,226,751 $282,027
2022 $5,776,450 $5,660,988 $2,876,041 $115,462
2021 $4,728,764 $4,309,123 $2,682,280 $419,641
2020 $4,237,560 $4,155,227 $2,268,429 $82,333
2019 $4,878,808 $4,841,034 $2,254,746 $37,774
2018 $5,218,092 $5,180,712 $2,232,241 $37,380
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