RIVERSIDE MILITARY ACADEMY FOUNDATION INC (EIN 464243684) - 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

Principal Officer

ELLEN DEFOOR

Phone

7705382189

Tax Period

2023-06-01 to 2024-05-31

RIVERSIDE MILITARY ACADEMY FOUNDATION INC, founded in 2013, is a micro nonprofit in the Education sector that reported $13K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 599% operating deficit.

Mission

SUPPORT THE EDUCATIONAL PURPOSES, FURTHERANCE, AND LONGEVITY OF RIVERSIDE MILITARY ACADEMY AND TO RAISE AND RECEIVE FUNDS FOR THE SUPPORT AND ENHANCEMENT OF THE ACADEMY.

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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 $13,125

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,125

Expense Breakdown

Grants Paid $91,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $91,750

Other Expenses $0

TOTAL EXPENSES $91,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,125	$30,869	-0.6%
Expenses	$91,750	$167,500	-0.5%
Net Income	$-78,625	$-136,631	-0.4%

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

N/A

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
JOHN W JACOBS III	TRUSTEE	1.0	Director	$0	$0	$0
BERNARD M FREEMAN	TRUSTEE	1.0	Director	$0	$0	$0
ANTHONY M HERDENER	TRUSTEE	1.0	Director	$0	$0	$0
JOHN JETTE CAMPBELL	TRUSTEE	1.0	Director	$0	$0	$0
JOHNATHAN A POPE	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW ZAGER	TRUSTEE	1.0	Director	$0	$0	$0
WALTER SMITH	TRUSTEE	1.0	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	$13,125	$91,750	$264,014	$-78,625
2023	$30,869	$167,500	$388,677	$-136,631
2022	$33,418	$207,150	$487,808	$-173,732
2021	$187,230	$460,522	$529,550	$-273,292
2020	$80,698	No data	$802,842	No data

RIVERSIDE MILITARY ACADEMY FOUNDATION INC