RIVERSIDE SCHOOL INC

EIN: 540895408 501(c)(3) Education

NORTH CHESTERFIELD, VA

Total Revenue
$5,178,242
Total Expenses
$3,789,343
Total Assets
$9,254,746
Net Assets
$7,416,596
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
VA
Principal Officer
HAL WALLER
Phone
8043203465
Tax Period
2023-07-01 to 2024-06-30

RIVERSIDE SCHOOL INC, founded in 1978, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2017. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

RIVERSIDE SCHOOL TRANSFORMS THE LIVES OF STUDENTS WITH DYSLEXIA AND SIMILAR LANGUAGE-BASED LEARNING DIFFERENCES WHILE SUPPORTING A COMMUNITY OF HIGHLY TRAINED TEACHERS AND STAFF WHO SPECIALIZE IN EDUCATING THESE STUDENTS TO THEIR HIGHEST POTENTIAL.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,785,905
Program Service Revenue $3,251,636
Investment Income $130,512
Other Revenue $10,189
TOTAL REVENUE $5,178,242

Expense Breakdown

Grants Paid $238,000
Salaries & Benefits $2,499,422
Fundraising Expenses $185,112
Program Expenses $3,113,508
Other Expenses $1,051,921
TOTAL EXPENSES $3,789,343

Year-over-Year Comparison

2023 2022 Change
Revenue $5,178,242 $3,731,123 +0.4%
Expenses $3,789,343 $3,610,775 +0.0%
Net Income $1,388,899 $120,348 +10.5%
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

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Governance

Voting Members
15
Independent Members
15
Employees
65
Volunteers
18

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
5
$241,220
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAL WALLER HEAD OF SCHO 40.00
Officer
$203,958 $37,262 $241,220
BOYCE ADAMS PRESIDENT 1.00
Officer Director
$0 $0 $0
CLAY REYNOLDS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ERIKA MCMULLEN SECRETARY 1.00
Officer Director
$0 $0 $0
JERRY KING TREASURER 1.00
Officer Director
$0 $0 $0
JEFFREY ALLENDE TRUSTEE 1.00
Director
$0 $0 $0
ELIZA BULLOCK TRUSTEE 1.00
Director
$0 $0 $0
NATE CASEY TRUSTEE 1.00
Director
$0 $0 $0
TERESA DOWNS TRUSTEE 1.00
Director
$0 $0 $0
TOM DORSEY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL FALCONE TRUSTEE 1.00
Director
$0 $0 $0
DICK FOWLKES TRUSTEE 1.00
Director
$0 $0 $0
JAMIE MILLHISER TRUSTEE 1.00
Director
$0 $0 $0
SCOTT REDMOND TRUSTEE 1.00
Director
$0 $0 $0
SAM STONE TRUSTEE 1.00
Director
$0 $0 $0
HON ANTHONY F TROY TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA DEORIO FORMER TRUST N/A
$60,000 $4,024 $64,024
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 $5,178,242 $3,789,343 $9,254,746 $1,388,899
2023 $3,731,123 $3,610,775 $8,095,638 $120,348
2022 $5,329,696 $3,400,309 $8,012,370 $1,929,387
2021 $3,621,198 $3,078,126 $6,227,778 $543,072
2020 $2,925,676 $2,737,025 $4,132,900 $188,651
2019 $2,879,521 $2,595,775 $3,585,391 $283,746
2018 $2,301,916 $2,301,143 $3,264,927 $773
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