The River School (EIN 522172713) - 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

1999

Legal Domicile

Principal Officer

Nancy Mellon

Phone

2023373554

Tax Period

2023-09-01 to 2024-08-31

The River School, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $13.2M in total revenue in fiscal year 2023. Expenses of $11.6M left a modest 12% surplus.

Mission

Independent school offering programs for infants, toddlers, preschool, and elementary school aged children with and without hearing loss.

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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 $2,439,697

Program Service Revenue $10,105,191

Investment Income $630,416

Other Revenue $31,779

TOTAL REVENUE $13,207,083

Expense Breakdown

Grants Paid $1,266,451

Salaries & Benefits $8,424,038

Fundraising Expenses $597,396

Program Expenses $9,255,567

Other Expenses $1,956,467

TOTAL EXPENSES $11,649,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,207,083	$13,775,618	0.0%
Expenses	$11,649,456	$9,786,336	+0.2%
Net Income	$1,557,627	$3,989,282	-0.6%

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

104

Volunteers

140

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

$573,401

Total Directors

$427,177

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Mellon	Head of School/Vice President	40.00	Officer Director	$401,790	$25,387	$427,177
Meredith Ouellette	Assistant Head of School	40.00	Highest	$184,955	$6,557	$191,512
Jennifer Lynch	Dir Advancement	40.00	Highest	$157,224	$5,542	$162,766
Megan Campbell	Director of Admissions	40.00	Highest	$149,463	$14,230	$163,693
Christine Lopez	CFO	40.00	Officer	$141,208	$5,016	$146,224
Tracy Armstrong	Dir of Human Resources	40.00	Highest	$130,572	$5,197	$135,769
Marie Wright	Dir of Elementary Curriculum	40.00	Highest	$135,760	$14,005	$149,765
Mathis Wagner	Board Member	2.00	Director	$0	$0	$0
Andre Cheng MD	Board Member	2.00	Director	$0	$0	$0
Mary Carpenter	Board Member	2.00	Director	$0	$0	$0
Jonathan Epstein MD	Board Member	2.00	Director	$0	$0	$0
Colleen Green	Board Member	2.00	Director	$0	$0	$0
Terrance Green	Board Member	2.00	Director	$0	$0	$0
Nicolle Rippeon	Board Member	2.00	Director	$0	$0	$0
Nancy Herman	Board Member	2.00	Director	$0	$0	$0
Louisa Imperiale	Board Member	2.00	Director	$0	$0	$0
Valdis Lenss	Board Member	2.00	Director	$0	$0	$0
Leigh McCue-Weil	Board Member	2.00	Director	$0	$0	$0
Britlan Malek PsyD	Board Member	2.00	Director	$0	$0	$0
Yonatan Alemu	Board Member	2.00	Director	$0	$0	$0
Casey Seidenberg	President	2.00	Officer Director	$0	$0	$0
Rachel Weller	Vice President	2.00	Officer Director	$0	$0	$0
Eric Gaier	Treasurer	2.00	Officer Director	$0	$0	$0
Nowell Rush	Secretary	2.00	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	$13,207,083	$11,649,456	$27,624,110	$1,557,627
2023	$13,775,618	$9,786,336	$26,215,214	$3,989,282
2022	$11,521,164	$8,333,603	$20,761,473	$3,187,561
2021	$8,911,681	$7,593,823	$18,141,919	$1,317,858
2020	$8,966,462	$7,469,071	$15,559,735	$1,497,391
2019	$9,534,134	$7,406,596	$14,123,279	$2,127,538

The River School