RIVER TOWN HEIGHTS INC (EIN 391524307) - 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

1986

Legal Domicile

Principal Officer

DAVE DOBOSENSKI

Phone

7154830556

Tax Period

2023-10-01 to 2023-12-31

RIVER TOWN HEIGHTS INC, founded in 1986, is a micro nonprofit in the Housing & Shelter sector that reported $76K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 17% operating margin.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY AND DISABLED 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 $0

Program Service Revenue $76,313

Investment Income $9

Other Revenue $0

TOTAL REVENUE $76,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,743

Fundraising Expenses $0

Program Expenses $37,173

Other Expenses $45,533

TOTAL EXPENSES $63,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,322	$286,040	-0.7%
Expenses	$63,276	$250,080	-0.7%
Net Income	$13,046	$35,960	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE DOBOSENSKI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE YOUSO	VICE CHAIRMAN	0.30	Officer Director	$0	$0	$0
MIKE BUCHITE	DIRECTOR	0.30	Officer Director	$0	$0	$0
GERI AANONSEN	DIRECTOR	0.30	Director	$0	$0	$0
PHIL STRATMOEN	DIRECTOR	0.30	Director	$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	No data	No data	No data	No data
2023	$286,040	$250,080	$400,139	$35,960
2023	$76,322	$63,276	$398,884	$13,046
2022	$276,756	$277,401	$418,236	$-645
2021	$275,757	$250,541	$467,991	$25,216
2020	$273,575	$237,007	$490,899	$36,568
2019	$264,891	$247,811	$491,491	$17,080
2018	$265,930	$215,880	$528,848	$50,050

RIVER TOWN HEIGHTS INC