RIVERSIDE SCHOOL 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

1978

Legal Domicile

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 $5.2M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 27% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $3,113,508

RIVERSIDE IS A NATIONALLY ACCREDITED SPECIAL LEARNING INSTITUTION, FOCUSING ON STUDENTS WITH CHALLENGES IN DEVELOPING THEIR READING SKILLS. RIVERSIDE IS HIGHLY SUCCESSFUL IN TEACHING STUDENTS METHODS TO OVERCOME THEIR CHALLENGES, NOT ONLY SETTING THEM UP FOR FUTURE SUCCESS IN THEIR ACADEMIC AND PROFESSIONAL GOALS, BUT ALSO IMPROVING THEIR SELF CONFIDENCE AND DESIRE TO ACHIEVE. DURING THIS SCHOOL YEAR, RIVERSIDE ASSISTED 91 STUDENTS IN ACHIEVING THEIR GOALS.

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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 $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

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

$241,220

Total Directors

Key Employees

Highest Compensated

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