RIVERSIDE MILITARY ACADEMY INC (EIN 580616994) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1907

Legal Domicile

Principal Officer

ROBERT B DANIEL

Phone

7705326251

Tax Period

2023-06-01 to 2024-05-31

RIVERSIDE MILITARY ACADEMY INC, founded in 1907, is a mid-sized nonprofit in the Education sector that reported $11.5M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $20.9M exceeded revenue, resulting in a 82% operating deficit.

Mission

TO PREPARE ETHICAL YOUNG MEN OF CHARACTER FOR SUCCESS THROUGH ACADEMICS, LEADERSHIP, ATHLETICS, CO-CURRICULARS, AND THE STRUCTURE & DISCIPLINE OF A MILITARY COLLEGE PREP ENVIRONMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,008,022

Program Service Revenue $9,357,383

Investment Income $868,057

Other Revenue $263,553

TOTAL REVENUE $11,497,015

Expense Breakdown

Grants Paid $1,597,452

Salaries & Benefits $8,752,983

Fundraising Expenses $385,950

Program Expenses $16,783,217

Other Expenses $10,582,951

TOTAL EXPENSES $20,933,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,497,015	$15,142,871	-0.2%
Expenses	$20,933,386	$22,437,051	-0.1%
Net Income	$-9,436,371	$-7,294,180	+0.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

165

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

$945,627

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY C PRECZEWSKI	PRESIDENT THRU 5/31/2024	53.0	Officer	$329,124	$19,559	$348,683
ELLEN G DEFOOR	VP OF ADVANCEMENT	53.0	Officer	$162,629	$19,191	$181,820
ROBERT B DANIEL	EXECUTIVE VP / INCOMING PRES	53.0	Officer	$161,897	$15,091	$176,988
LAURA A MAXWELL	FORMER CFO - THRU 7/7/23	53.0	Officer	$129,280	$22,810	$152,090
ADAM CARTER	DEPUTY COMMANDANT	53.0	Highest	$124,874	$26,922	$151,796
RENDER MITCHELL	VP OF ENROLLMENT MANAGEMENT	53.0	Highest	$121,027	$29,922	$150,949
JONATHAN POOLEY	COMMANDANT	53.0	Highest	$126,256	$18,264	$144,520
DAVID LEE	SENIOR ARMY INSTRUCTOR	53.0	Highest	$128,580	$3,848	$132,428
RICHARD CRUMLEY	ACADEMIC DEAN	53.0	Highest	$124,874	$1,784	$126,658
EMMETT B FORRESTER	CFO - AS OF 9/1/23	53.0	Officer	$77,191	$8,855	$86,046
DANIEL J KAUFMAN PHD	CHAIRMAN	1.0	Director	$0	$0	$0
ANTHONY M HERDENER	VICE CHAIRMAN, TREASURER	1.0	Director	$0	$0	$0
JOHN W JACOBS III	SECRETARY	1.0	Director	$0	$0	$0
FOSTER BACHSCHMIDT	TRUSTEE	1.0	Director	$0	$0	$0
RUBEN A BARAHONA	TRUSTEE	1.0	Director	$0	$0	$0
WHITNEY H OWENS	TRUSTEE	1.0	Director	$0	$0	$0
JOHN JETTE CAMPBELL	Trustee	1.0	Director	$0	$0	$0
WILLIAM B CARR JR	TRUSTEE	1.0	Director	$0	$0	$0
DREW W HORNER	TRUSTEE	1.0	Director	$0	$0	$0
ERNEST T LOPEZ III	TRUSTEE	1.0	Director	$0	$0	$0
DR LARRY JEFFREY PAYNE	TRUSTEE	1.0	Director	$0	$0	$0
JONATHAN A POPE	TRUSTEE	1.0	Director	$0	$0	$0
JAMES R VAN ARSDALE	TRUSTEE	1.0	Director	$0	$0	$0
ZAK HAQUE	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW ZAGER	TRUSTEE	1.0	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	$11,497,015	$20,933,386	$61,180,810	$-9,436,371
2023	$15,142,871	$22,437,051	$71,204,262	$-7,294,180
2022	$23,072,082	$23,328,517	$79,257,666	$-256,435
2021	$22,073,947	$21,744,860	$83,260,866	$329,087
2020	$20,741,866	$26,126,988	$82,374,330	$-5,385,122

RIVERSIDE MILITARY ACADEMY INC