RiverSpring Services Corp (EIN 461763915) - 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

2013

Legal Domicile

Phone

7185811000

Tax Period

2023-01-01 to 2023-12-31

RiverSpring Services Corp, founded in 2013, is a mid-sized nonprofit in the Health Care sector that reported $25.8M in total revenue in fiscal year 2023.

Mission

TO PROVIDE MANAGEMENT SERVICES TO THE ORGANIZATIONS COMPRISING THE RIVERSPRING LIVING FAMILY.

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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 $26,038,189

Investment Income $-204,467

Other Revenue $0

TOTAL REVENUE $25,833,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,710,840

Fundraising Expenses $0

Program Expenses $25,833,722

Other Expenses $8,122,882

TOTAL EXPENSES $25,833,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,833,722	$24,332,721	+0.1%
Expenses	$25,833,722	$24,332,721	+0.1%
Net Income	$0	$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

123

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

$2,447,247

Total Directors

Key Employees

$943,821

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN	1.0	Officer Director	$0	$0	$0
N/A	TREASURER & SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	Interim CFO	30.0	Officer	$319,229	$62,127	$381,356
N/A	PRESIDENT & CEO	30.0	Officer	$1,999,772	$66,119	$2,065,891
N/A	CHIEF OPERATING OFFICER	30.0	Key Emp	$911,618	$32,203	$943,821
N/A	VP OF INFO TECHNOLOGY	35.0	Highest	$297,436	$56,606	$354,042
N/A	CHIEF INFORMATION OFFICER	35.0	Highest	$313,404	$59,413	$372,817
N/A	SENIOR VP - OPERATIONS	35.0	Highest	$305,172	$35,965	$341,137
N/A	DIRECTOR OF PATIENT SERVICE	35.0	Highest	$294,986	$28,319	$323,305
N/A	VP of Finance	35.0	Highest	$268,684	$59,105	$327,789

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	$25,833,722	$25,833,722	$5,505,103	No data
2022	$24,332,721	$24,332,721	$4,682,082	No data
2021	$21,974,474	$21,974,474	$5,653,690	No data
2020	$20,242,430	$20,242,430	$4,928,353	No data
2019	$21,639,743	$21,639,743	$3,875,175	No data
2018	$20,371,838	$20,371,838	$3,833,202	No data

RiverSpring Services Corp