RIVER VALLEY RESOURCES 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

1990

Legal Domicile

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

DEVELOPING A COMPETITIVE WORKFORCE THROUGH COLLABORATION AND INNOVATIVE SERVICES FOR INDIVIDUALS, EMPLOYERS, AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,344,726

JAG TANF: JOBS FOR AMERICA'S GRADUATES (JAG) IS A STATE-BASED NATIONAL NON-PROFIT PROGRAM THAT HELPS HIGH SCHOOL STUDENTS OVERCOME BARRIERS TO GRADUATION, PROVIDING EMPLOYABILITY SKILLS, MENTORING...

JAG TANF: JOBS FOR AMERICA'S GRADUATES (JAG) IS A STATE-BASED NATIONAL NON-PROFIT PROGRAM THAT HELPS HIGH SCHOOL STUDENTS OVERCOME BARRIERS TO GRADUATION, PROVIDING EMPLOYABILITY SKILLS, MENTORING, AND CAREER COACHING. IN INDIANA, IT IS FUNDED BY TEMPORARY ASSISTANCE FOR NEEDY FAMILIES (TANF) GRANTS AND MANAGED BY THE DEPARTMENT OF WORKFORCE DEVELOPMENT (DWD) TO BOOST GRADUATION.

Program 2

Expenses: $929,267

SCSEP: THE SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP) IS A U.S. DEPARTMENT OF LABOR-FUNDED JOB TRAINING PROGRAM FOR LOW-INCOME, UNEMPLOYED OLDER AMERICANS (AGE 55+). PARTICIPANTS WORK...

SCSEP: THE SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP) IS A U.S. DEPARTMENT OF LABOR-FUNDED JOB TRAINING PROGRAM FOR LOW-INCOME, UNEMPLOYED OLDER AMERICANS (AGE 55+). PARTICIPANTS WORK PART-TIME IN COMMUNITY SERVICE ROLES, GAINING SKILLS TO HELP THEM TRANSITION INTO PERMANENT, UNSUBSIDIZED EMPLOYMENT.

Program 3

Expenses: $1,429,268

AE REGIONS 9 & 10: ADULT EDUCATION REFERS TO ANY FORMAL OR INFORMAL LEARNING UNDERTAKEN BY ADULTS AFTER TRADITIONAL SCHOOLING, AIMED AT DEVELOPING SKILLS, KNOWLEDGE, OR PERSONAL FULFILLMENT. IT...

AE REGIONS 9 & 10: ADULT EDUCATION REFERS TO ANY FORMAL OR INFORMAL LEARNING UNDERTAKEN BY ADULTS AFTER TRADITIONAL SCHOOLING, AIMED AT DEVELOPING SKILLS, KNOWLEDGE, OR PERSONAL FULFILLMENT. IT COVERS A WIDE RANGE OF SERVICES, INCLUDING HIGH SCHOOL EQUIVALENCY (GED), LITERACY SKILLS, ENGLISH LANGUAGE LEARNING, AND CAREER TRAINING AND OFFER FLEXIBLE SCHEDULES FOR WORKING ADULTS. GRANT INCLUDES AE REGION 9 AND 10, CAESAR'S, MADISON PRECISION, VARIOUS HSE TEST FEE ASSISTANCE, R10 METRO UNITED WAY, AND MADISON CORRECTIONS AE ASSISTANCE.

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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 $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

Governance

Voting Members

Independent Members

Employees

191

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

$292,572

Total Directors

Key Employees

Highest Compensated

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