RIVER GARDEN HOLDING COMPANY INC (EIN 592487781) - 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

MAURI MIZRAHI

Phone

9042601818

Tax Period

2023-01-01 to 2023-12-31

RIVER GARDEN HOLDING COMPANY INC, founded in 1984, is a community nonprofit in the Public & Societal Benefit sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $312K, a strong 16% operating margin.

Mission

THE ORGANIZATION OVERSEES THE OPERATIONS OF ITS AFFILIATED TAX-EXEMPT ORGANIZATIONS.

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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 $0

Program Service Revenue $1,886,109

Investment Income $52,983

Other Revenue $0

TOTAL REVENUE $1,939,092

Expense Breakdown

Grants Paid $90,000

Salaries & Benefits $1,219,755

Fundraising Expenses $0

Program Expenses $1,603,738

Other Expenses $317,765

TOTAL EXPENSES $1,627,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,939,092	$2,202,897	-0.1%
Expenses	$1,627,520	$1,525,838	+0.1%
Net Income	$311,572	$677,059	-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

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

$1,132,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANIS FLEET	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN COHEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDY ZIMMERMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARSHA POLLOCK	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWARD GRENADIER	TREASURER	1.00	Officer Director	$0	$0	$0
DR RON ELINOFF	TRUSTEE	1.00	Director	$0	$0	$0
DR LAWRENCE GOLDBERG	TRUSTEE	1.00	Director	$0	$0	$0
RACHELLE GOTTLIEB	TRUSTEE	1.00	Director	$0	$0	$0
HON HARVEY SCHLESINGER	TRUSTEE	1.00	Director	$0	$0	$0
LOIS SCHLESINGER	TRUSTEE	1.00	Director	$0	$0	$0
CINDY DEMRI	TRUSTEE	1.00	Director	$0	$0	$0
GLORIA A EINSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
RANDY KAMMER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PRICE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL LISSNER	TRUSTEE	1.00	Director	$0	$0	$0
HERMAN PAUL	TRUSTEE	1.00	Director	$0	$0	$0
FRED TROMBERG	TRUSTEE	1.00	Director	$0	$0	$0
MAURI MIZRAHI	CHIEF EXECUTIVE OFFICER	12.00	Officer	$359,804	$13,890	$373,694
BETTY SORNA	CHIEF FINANCIAL OFFICER	12.00	Officer	$257,553	$33,293	$290,846
BOBBIE JO MENTZ	CHIEF OPERATIONS OFFICER	40.00	Officer	$183,322	$21,313	$204,635
CHRISTINA LEVINE	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$116,371	$34,739	$151,110
MARTIN GOETZ	CEO EMERITUS	12.00	Officer	$101,411	$10,813	$112,224

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	No data	No data	No data	No data
2023	$1,939,092	$1,627,520	$9,001,954	$311,572
2022	$2,202,897	$1,525,838	$8,509,940	$677,059
2021	$1,904,897	$1,499,716	$34,918,747	$405,181
2020	$1,903,750	$1,529,331	$31,645,298	$374,419
2019	$1,977,028	$1,667,333	$29,955,004	$309,695
2018	$1,905,093	$1,722,447	$26,861,178	$182,646

RIVER GARDEN HOLDING COMPANY INC