RIVERWORKS DEVELOPMENT CORPORATION (EIN 391731739) - 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

1992

Legal Domicile

Principal Officer

MUSTAFA EMIR

Phone

4149069650

Tax Period

2023-01-01 to 2023-12-31

RIVERWORKS DEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $557K, a strong 20% operating margin.

Mission

RIVERWORKS DEVELOPMENT CORPORATION (RDC) DRIVES SOCIAL AND ECONOMIC DEVELOPMENT BY ALIGNING RESIDENTS AND BUSINESSES WITH SPECIALIZED RESOURCES THAT STRENGTHEN HARAMBEE, RIVERWEST AND SURROUNDING COMMUNITIES.

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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 $2,146,138

Program Service Revenue $684,353

Investment Income $10,182

Other Revenue $-11,559

TOTAL REVENUE $2,829,114

Expense Breakdown

Grants Paid $90,301

Salaries & Benefits $1,187,708

Fundraising Expenses $164,163

Program Expenses $1,847,584

Other Expenses $887,473

TOTAL EXPENSES $2,272,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,829,114	$2,491,512	+0.1%
Expenses	$2,272,432	$1,974,306	+0.2%
Net Income	$556,682	$517,206	+0.1%

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

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

$152,194

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW RUEHL	DIRECTOR	1.00	Director	$0	$0	$0
CASSANDRA FLAGG	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA TURNER	TREASURER	1.00	Officer Director	$0	$0	$0
GLENN MATTISON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MAISTELMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
MUSTAFA EMIR	PRESIDENT	1.00	Officer Director	$0	$0	$0
NEIL WHITE	SECRETARY	1.00	Officer Director	$0	$0	$0
SHAWNTA EATON-LESCHIG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
TED TORCIVIA	DIRECTOR	1.00	Director	$0	$0	$0
VERNON SINGLETON	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$108,597	$43,597	$152,194

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	$2,829,114	$2,272,432	$7,065,704	$556,682
2022	$2,491,512	$1,974,306	$6,357,876	$517,206
2021	$1,774,285	$1,668,513	$5,731,208	$105,772
2020	$1,970,677	$1,467,133	$5,765,936	$503,544
2019	$973,933	$1,174,802	$5,307,170	$-200,869
2018	$1,043,522	$1,167,508	$5,565,301	$-123,986

RIVERWORKS DEVELOPMENT CORPORATION