RIGGS INSTITUTE & PREPARTORY ACADEMY (EIN 470612938) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

CAROLYN KNUTSON

Phone

6056934878

Tax Period

2023-07-01 to 2024-06-30

RIGGS INSTITUTE & PREPARTORY ACADEMY, founded in 1979, is a small nonprofit that reported $110K in total revenue in fiscal year 2018. Revenue grew 20% year-over-year, indicating healthy expansion. Net assets of $984K represent 107 months of operating reserves.

Mission

THE RIGGS INSTITUTE PROVIDES TEACHER TRAINING SERVICES AND MATERIALS TO INDIVIDUALS AND GROUPS THROUGHOUT THE COUNTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,882

Investment Income $34,366

Other Revenue $0

TOTAL REVENUE $81,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,081

Fundraising Expenses $0

Program Expenses $87,707

Other Expenses $83,334

TOTAL EXPENSES $121,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,248	$144,637	-0.4%
Expenses	$121,415	$83,441	+0.5%
Net Income	$-40,167	$61,196	-1.7%

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

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

$35,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN KNUTSON	EXECUTIVE DIRECTOR	035.00	Director Highest	$35,375	$0	$35,375
R M MCCULLOCH	PRESIDENT	001.00	Director	$0	$0	$0
J NUNN	VICE PRESIDENT	001.00	Director	$0	$0	$0
H WILLMOTT	SECRETARY	001.00	Director	$0	$0	$0
R WILLMOTT	TREASURER	001.00	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
2025	No data	No data	No data	No data
2024	$81,248	$121,415	$1,142,547	$-40,167
2023	$144,637	$83,441	$1,068,363	$61,196
2022	$200,925	$205,526	$1,028,788	$-4,601
2021	$81,265	$100,240	$1,147,187	$-18,975
2020	$101,072	$51,608	$929,599	$49,464
2019	$110,239	$107,002	$983,919	$3,237

RIGGS INSTITUTE & PREPARTORY ACADEMY