Riverside Healthcare Foundation (EIN 363166033) - 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

1982

Legal Domicile

Phone

8159337799

Tax Period

2023-01-01 to 2023-12-31

Riverside Healthcare Foundation, founded in 1982, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 65% operating deficit.

Mission

Established to promote by donation, loan or otherwise, organizations and other charitable activities that are devoted to improving and protecting the health and welfare of all persons.

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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 $925,916

Program Service Revenue $0

Investment Income $535,225

Other Revenue $22,800

TOTAL REVENUE $1,483,941

Expense Breakdown

Grants Paid $691,619

Salaries & Benefits $0

Fundraising Expenses $46,555

Program Expenses $2,159,865

Other Expenses $1,756,279

TOTAL EXPENSES $2,447,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,483,941	$1,734,564	-0.1%
Expenses	$2,447,898	$865,559	+1.8%
Net Income	$-963,957	$869,005	-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

N/A

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

$2,366,333

Total Directors

$3,118,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice Chairman	1.0	Officer Director	$0	$0	$0
N/A	President	1.0	Officer Director	$0	$496,640	$1,608,631
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$106,247	$1,509,869
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Executive Director	20.0	Officer	$0	$45,558	$223,784
N/A	Treasurer	1.0	Officer	$0	$60,367	$533,918
N/A	Former Officer	0.0		$0	$55,904	$235,356

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	$1,483,941	$2,447,898	$40,449,259	$-963,957
2022	$1,734,564	$865,559	$37,211,203	$869,005
2021	$4,728,938	$844,094	$42,587,791	$3,884,844
2020	$2,446,595	$939,361	$37,749,309	$1,507,234
2019	$9,905,952	$4,365,429	$34,100,577	$5,540,523
2018	$3,882,758	$575,483	$25,369,792	$3,307,275

Riverside Healthcare Foundation