RIVERSDALE HISTORICAL SOCIETY INC

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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

1977

Legal Domicile

Principal Officer

J PATRICK GOSSET

Phone

3018640420

Tax Period

2024-01-01 to 2024-12-31

RIVERSDALE HISTORICAL SOCIETY INC, founded in 1977, is a micro nonprofit that reported $64K in total revenue in fiscal year 2024. Revenue surged 269% from the prior year, signaling strong growth momentum. Net assets of $1.8M represent 343 months of operating reserves.

Mission

PRESERVATION AND RESTORATION OF RIVERDALE, AN EARLY 19TH CENTURY MANSION,EDUCATION OF THE PUBLIC CONCERNING EARLY LIFE IN COLONIAL MARLAND.

Program Service Accomplishments

Program 1

Expenses: $47

CONTRACT FOR PROFESSIONAL CURATOR OF COLLECTION/REGISTRAR OF PURCHASED/DONATED PROPERTY AND RESTORATION COSTS.

Program 2

Expenses: $14,779

MAINTENANCE AND LANDSCAPING OF CALVERT MEMORIAL PARK, WHICH SURROUNDS THE CEMETERY OF THE CALVERT FAMILY OF RIVERSDALE.

Program 3

Expenses: $5,477

PUBLICATION OF QUARTERLY NEWSLETTER WITH A FOCUS OF HISTORICAL THEMES REGARDING RIVERSDALE AND SOCIETY ACTIVITIES CIRCULATION TO 300+ MEMBERS PLUS FREE COPIES TO SOME 200+ VISTORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $45,816

Program Service Revenue $0

Investment Income $16,381

Other Revenue $1,448

TOTAL REVENUE $63,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,303

Other Expenses $62,318

TOTAL EXPENSES $62,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,645	$17,262	+2.7%
Expenses	$62,318	$42,633	+0.5%
Net Income	$1,327	$-25,371	-1.1%

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

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
J PATRICK GOSSET	PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHELLE KRETSCH	TREASURER	10.00	Officer Director	$0	$0	$0
HOWARD MENAKER	VICE-PRESIDE	10.00	Officer Director	$0	$0	$0
ANNE TURKOS	SECRETARY	10.00	Officer 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	$63,645	$62,318	$1,821,027	$1,327
2023	$17,262	$42,633	$1,453,121	$-25,371
2022	$43,783	$58,231	$1,478,492	$-14,448
2021	$57,713	$56,731	$1,492,940	$982
2020	$80,844	$41,704	$1,491,958	$39,140