NEW RIVER COTTAGE INC (EIN 561423823) - 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

1984

Legal Domicile

Principal Officer

KEN RICHARDSON

Phone

3363725671

Tax Period

2024-07-01 to 2025-06-30

NEW RIVER COTTAGE INC, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $775K in total revenue in fiscal year 2024.

Mission

PROVIDE HOUSING TO PEOPLE WITH MENTAL RETARDATION SO THEY CAN LIVE INDEPENDENTLY.

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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 $0

Program Service Revenue $774,660

Investment Income $594

Other Revenue $0

TOTAL REVENUE $775,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $551,265

Fundraising Expenses $0

Program Expenses $674,352

Other Expenses $237,509

TOTAL EXPENSES $788,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$775,254	$759,367	+0.0%
Expenses	$788,774	$789,364	0.0%
Net Income	$-13,520	$-29,997	-0.5%

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

N/A

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

$33,031

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN RICHARDSON	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
BJ EDWARDS	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE KOVACICH	SECRETARY	0.50	Officer Director	$0	$0	$0
JANE WYATT	VICE CHAIR	0.50	Officer Director	$0	$0	$0
KELAIYA DAVIS	EXECUTIVE DI	0.50	Officer	$8,757	$0	$8,757
BECKY MILLER	PAST EXEC DI	0.50	Officer	$18,537	$5,737	$24,274
KAREN LEYS	TREASURER	0.50	Officer Director	$0	$0	$0
ALMA RICHARDSON	DIRECTOR	0.50	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
2025	$775,254	$788,774	$347,606	$-13,520
2024	$759,367	$789,364	$351,249	$-29,997
2023	$916,293	$746,099	$384,683	$170,194
2022	$461,160	$643,080	$202,661	$-181,920
2021	$721,760	$586,498	$384,984	$135,262
2020	$565,519	$585,616	$255,431	$-20,097
2019	$569,868	$584,520	$293,296	$-14,652
2018	$563,633	$579,769	$301,903	$-16,136

NEW RIVER COTTAGE INC