RIVER GLEN ASSOCIATION

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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

1961

Legal Domicile

Principal Officer

Jeremy D Berg

Phone

6307098537

Tax Period

2024-01-01 to 2024-12-31

RIVER GLEN ASSOCIATION, founded in 1961, is a small nonprofit that reported $436K in total revenue in fiscal year 2024. The organization ran a surplus of $229K, a strong 53% operating margin.

Mission

The object of this Association shall be for a social club and the mutual benefit and enjoyment of the lot owners within the River Glen Subdivision. This includes maintenance and regulation of River Glen Park and support for the stated purpose of the Protective Covenants

Program Service Accomplishments

Program 1

Social club's operation of recreational and River Glen Park facilities for its members. The association is responsible for the maintenance, preservation, and improvement of a community park for the benefit of residents. Services include landscaping, tree care, beach maintenance, and facility repairs. In 2024, the association began a major renovation project to restore and reinforce the harbor seawall, funded through a one-time special assessment. This critical infrastructure improvement was necessary to prevent erosion, protect community assets, and ensure long-term park accessibility. The project was started in 2024 with a total cost of starting the project in 2024 of $225,000. The project will be completed in 2025 with an approximate additional $140,000 of 2025 expenses.

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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 $0

Program Service Revenue $11,800

Investment Income $7,535

Other Revenue $416,500

TOTAL REVENUE $435,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $206,815

TOTAL EXPENSES $206,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$435,835	N/A	N/A
Expenses	$206,815	N/A	N/A
Net Income	$229,020	$0	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeremy Berg	Treasurer	1.00	Officer	$0	$0	$0
Andy Gibson	President	2.00	Officer	$0	$0	$0
Mike Scheve	Vice President	1.00	Officer	$0	$0	$0
Suzanne Huntemann	Secretary	1.00	Officer	$0	$0	$0
Molly Benefield	Harbor Master	1.00	Officer	$0	$0	$0

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	$435,835	$206,815	$285,656	$229,020