RIVERSIDE SENIOR LIVING CENTER (EIN 363670744) - 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

1989

Legal Domicile

Phone

8159331671

Tax Period

2024-01-01 to 2024-12-31

RIVERSIDE SENIOR LIVING CENTER, founded in 1989, is a mid-sized nonprofit in the Human Services sector that reported $30.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $28.8M left a modest 5% surplus.

Mission

RIVERSIDE SENIOR LIVING CENTER'S MISSION IS TO OPERATE A CONTINUING CARE FACILITY THAT PROVIDES QUALITY INDEPENDENT AND ASSISTED LIVING CARE AS WELL AS SKILLED NURSING CARE.

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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 $23,768

Program Service Revenue $28,856,929

Investment Income $1,379,833

Other Revenue $132,851

TOTAL REVENUE $30,393,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,012,234

Fundraising Expenses $0

Program Expenses $26,482,837

Other Expenses $12,789,608

TOTAL EXPENSES $28,801,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,393,381	$27,599,711	+0.1%
Expenses	$28,801,842	$27,138,342	+0.1%
Net Income	$1,591,539	$461,369	+2.4%

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

463

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

$2,501,668

Total Directors

$2,094,595

Key Employees

$346,853

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE PAYNE	CHAIRMAN (THROUGH 6/21/24)	1.0	Officer Director	$0	$0	$0
DAVID TYSON	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
LINDA MITCHELL EDD	SECRETARY	1.0	Officer Director	$0	$0	$0
MAGGIE FROGGE	CHAIRMAN (START 6/21/24)	1.0	Officer Director	$0	$0	$0
PHIL KAMBIC	PRESIDENT/CEO	1.0	Officer Director	$0	$257,056	$1,679,403
JEFF BENNETT	DIRECTOR	1.0	Director	$0	$0	$0
JEFFREY HAMMES	DIRECTOR	1.0	Director	$0	$0	$0
JERRY HOEKSTA	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL O'GORMAN	DIRECTOR	1.0	Director	$0	$0	$0
NORMAN STRASMA	DIRECTOR	1.0	Director	$0	$0	$0
RITU CHANDAN	DIRECTOR/PHYSICIAN	1.0	Director	$0	$47,301	$415,192
YVONNE CHRISTIAN-WILLIAMS	DIRECTOR	1.0	Director	$0	$0	$0
PATRICIA K VILT	TREASURER/CFO	1.0	Officer	$0	$242,633	$822,265
REBECCA SCHILITZ	VP OF POST ACUTE CARE	20.0	Key Emp	$0	$55,579	$346,853
BENJAMIN MARCH	EXECUTIVE DIRECTOR	40.0	Highest	$143,241	$22,284	$165,525
BETH SMITH	REGISTERED NURSE	40.0	Highest	$115,594	$13,779	$129,373
HOLLY HARDER	CLINIC TEAM LEAD	40.0	Highest	$116,265	$31,076	$147,341
ROXANNE FEAR	ADMINISTRATOR	40.0	Highest	$155,557	$4,890	$160,447
SHELLEY HARTMAN	ADMINISTRATOR - MEMORY CARE	40.0	Highest	$117,838	$4,665	$122,503
BILL DOUGLAS	FORMER OFFICER	0.0		$0	$56,499	$184,196

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	$30,393,381	$28,801,842	$78,053,664	$1,591,539
2023	$27,599,711	$27,138,342	$71,341,144	$461,369
2022	$24,876,423	$26,844,889	$70,132,858	$-1,968,466
2021	$27,145,214	$25,492,936	$81,233,643	$1,652,278
2020	$28,565,787	$25,451,005	$82,056,868	$3,114,782
2019	$28,191,642	$27,248,169	$77,496,114	$943,473
2018	$28,368,271	$27,684,145	$74,500,439	$684,126

RIVERSIDE SENIOR LIVING CENTER