New River House Inc (EIN 521257779) - 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

1982

Legal Domicile

Phone

5405529176

Tax Period

2023-10-01 to 2024-09-30

NEW RIVER HOUSE INC, founded in 1982, is a small nonprofit that reported $518K in total revenue in fiscal year 2017.

Mission

Housing for elderly and handicapped.

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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 $3,693

Program Service Revenue $619,396

Investment Income $216

Other Revenue $837

TOTAL REVENUE $624,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $547,662

Other Expenses $710,379

TOTAL EXPENSES $710,379

Year-over-Year Comparison

	2023	2022	Change
Revenue	$624,142	$585,496	+0.1%
Expenses	$710,379	$682,339	+0.0%
Net Income	$-86,237	$-96,843	-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

N/A

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

$343,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allan Bookout	Vice Chairman / Treasurer	0.5	Officer Director	$0	$0	$0
Ed Spencer	Chair	0.5	Officer Director	$0	$0	$0
Hing-Har Lo	Secretary	0.5	Officer Director	$0	$0	$0
William Price	Vice Chairman	0.5	Officer Director	$0	$0	$0
Bridget McMahon	Director	0.5	Director	$0	$0	$0
Charles Johnson	Director	0.5	Director	$0	$0	$0
Heather Ducote	Director	0.5	Director	$0	$0	$0
Jason Pospichal	Director	0.5	Director	$0	$0	$0
Karen Hanks	Director	0.5	Director	$0	$0	$0
Katherine Allen	Director	0.5	Director	$0	$0	$0
Meg Stone	Director	0.5	Director	$0	$0	$0
Mike Spears	Director	0.5	Director	$0	$0	$0
Pamela Teaster	Director	0.5	Director	$0	$0	$0
Richard Shepherd	Director	0.5	Director	$0	$0	$0
Savanna Dyer	Director	0.5	Director	$0	$0	$0
Thomas Pierce	Director	0.5	Director	$0	$0	$0
Tommy McDearis	Director	0.5	Director	$0	$0	$0
Molly Nevitt	CFO	0.5	Officer	$0	$3,923	$152,169
William Lester	President and CEO	0.5	Officer	$0	$5,248	$191,009
Alison Trigg	Showalter Admin	0.5	Highest	$0	$499	$106,033
Kevin Sands	RN Director	0.5	Highest	$0	$3,140	$109,889
Shaunna Andrews	Director of Nursing	0.5	Highest	$0	$2,061	$105,746
Tambra Dixon	VP of Philanthropy	0.5	Highest	$0	$3,317	$123,498
Walter Williams	Director of Network Services	0.5	Highest	$0	$3,292	$110,755

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	$624,142	$710,379	$692,882	$-86,237
2023	$585,496	$682,339	$777,942	$-96,843
2022	$610,022	$632,653	$758,253	$-22,631
2021	$525,067	$639,717	$707,865	$-114,650
2020	$521,758	$633,362	$786,769	$-111,604
2019	$532,248	$597,100	$806,226	$-64,852
2018	$517,662	$545,361	$812,967	$-27,699

New River House Inc