ROCKVILLE ECONOMIC DEVELOPMENT INC (EIN 522056731) - 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

1997

Legal Domicile

Principal Officer

CYNTHIA RIVARDE

Phone

3013158096

Tax Period

2024-07-01 to 2025-06-30

ROCKVILLE ECONOMIC DEVELOPMENT INC, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO IDENTIFY AND DEVELOP ECONOMIC OPPORTUNITIES TO HELP ROCKVILLE PROSPER.

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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 $2,109,898

Program Service Revenue $88,813

Investment Income $11,785

Other Revenue $2,364

TOTAL REVENUE $2,212,860

Expense Breakdown

Grants Paid $218,818

Salaries & Benefits $1,092,526

Fundraising Expenses $500

Program Expenses $1,912,915

Other Expenses $891,149

TOTAL EXPENSES $2,202,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,212,860	$1,994,068	+0.1%
Expenses	$2,202,493	$2,212,207	0.0%
Net Income	$10,367	$-218,139	-1.0%

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

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

$208,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN PRINCE	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
NANCY REGELIN	CHAIR	4.00	Officer Director	$0	$0	$0
BEI MA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TODD PEARSON	TREASURER/SECRETARY	4.00	Officer Director	$0	$0	$0
NIKHIL BIJLANI	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE OSBORN	DIRECTOR	1.00	Director	$0	$0	$0
MARJI GRAF	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ALVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET NEWTON UNITL NOV 2023	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA CHANEY UNTIL 125	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCOTT UNTIL 924	DIRECTOR	1.00	Director	$0	$0	$0
LAVONNE TORRENCE BERNER	DIRECTOR	1.00	Director	$0	$0	$0
CLIFF VIERS	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN YANG	DIRECTOR	1.00	Director	$0	$0	$0
ALTON J HENLEY	DIRECTOR	1.00	Director	$0	$0	$0
NICK FULLENKAMP	DIRECTOR	1.00	Director	$0	$0	$0
KELLY GROFF	DIRECTOR	1.00	Director	$0	$0	$0
CARLA MERRITT	DIRECTOR	1.00	Director	$0	$0	$0
MONIQUE ASHTON	LIAISON	1.00	Director	$0	$0	$0
BILL TOMPKINS EX-OFFICIO	DIRECTOR	1.00	Director	$0	$0	$0
MUHAMMAD KEHNEMOUYI	DIRECTOR	1.00	Director	$0	$0	$0
CJ OVERLY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MIHELICH	LIAISON	1.00	Director	$0	$0	$0
CYNTHIA RIVARDE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$201,969	$6,185	$208,154
RICHELLE WILSON	DEPUTY DIRECTOR	40.00	Highest	$120,617	$3,677	$124,294
DANETTE NGUYEN UNTIL 122024	MWBC MANAGING DIRECTOR	40.00	Highest	$116,389	$1,759	$118,148

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	$2,212,860	$2,202,493	$1,951,429	$10,367
2024	$1,994,068	$2,212,207	$1,882,929	$-218,139
2023	$2,382,137	$2,232,723	$2,358,526	$149,414
2022	$2,488,151	$2,026,342	$1,644,147	$461,809
2021	$1,951,049	$1,748,144	$1,358,692	$202,905
2020	$1,614,016	$1,488,101	$980,214	$125,915
2019	$1,543,236	$1,451,077	$768,603	$92,159
2018	$1,098,043	$1,067,111	$730,528	$30,932
2018	$1,098,043	$1,112,802	$684,836	$-14,759

ROCKVILLE ECONOMIC DEVELOPMENT INC