RIVER GARDEN FOUNDATION INC (EIN 593100673) - 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

1987

Legal Domicile

Principal Officer

MAURI MIZRAHI

Phone

9042601818

Tax Period

2023-01-01 to 2023-12-31

RIVER GARDEN FOUNDATION INC, founded in 1987, is a small nonprofit that reported $986K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $174K, a strong 18% operating margin.

Mission

PROVISION OF RESOURCES TO TAX-EXEMPT AFFILIATES TO ENHANCE QUALITY OF LIFE FOR THE AGED.

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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 $638,965

Program Service Revenue $0

Investment Income $541,515

Other Revenue $-194,653

TOTAL REVENUE $985,827

Expense Breakdown

Grants Paid $625,309

Salaries & Benefits $82,463

Fundraising Expenses $82,463

Program Expenses $625,309

Other Expenses $103,662

TOTAL EXPENSES $811,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$985,827	$2,225,597	-0.6%
Expenses	$811,434	$788,617	+0.0%
Net Income	$174,393	$1,436,980	-0.9%

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

102

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

$664,540

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANINE ROGOZINSKI	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SANDY ZIMMERMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM FRISCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM HARRIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN JACOBS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER PLOTKIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREA MAIL	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARI SHUMAN	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN DUBOW	TRUSTEE	1.00	Officer Director	$0	$0	$0
JEFF EDWARDS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBBIE PARKER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PRICE	TRUSTEE	1.00	Director	$0	$0	$0
ALAN MARGOLIES	TRUSTEE	1.00	Director	$0	$0	$0
APRIL DOBES	TRUSTEE	1.00	Director	$0	$0	$0
BEN SETZER	TRUSTEE	1.00	Director	$0	$0	$0
CHIP GREENE	TRUSTEE	1.00	Director	$0	$0	$0
COLMAN BRODSKY	TRUSTEE	1.00	Director	$0	$0	$0
DAVID STEIN	TRUSTEE	1.00	Director	$0	$0	$0
ERIK ROSTHOLDER	TRUSTEE	1.00	Director	$0	$0	$0
ERNEST BRODSKY	TRUSTEE	1.00	Director	$0	$0	$0
JACK SELEVAN	TRUSTEE	1.00	Director	$0	$0	$0
JANNE BRANDENBURG	TRUSTEE	1.00	Director	$0	$0	$0
JUDY MIZRAHI	TRUSTEE	1.00	Director	$0	$0	$0
LEONARD SETZER	TRUSTEE	1.00	Director	$0	$0	$0
MARSHA POLLOCK	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW LUFRANO	TRUSTEE	1.00	Director	$0	$0	$0
MORRIE ZIMMERMAN	TRUSTEE	1.00	Director	$0	$0	$0
MORTON KESLER	TRUSTEE	1.00	Director	$0	$0	$0
PAULA KUKELHAN	TRUSTEE	1.00	Director	$0	$0	$0
RANDY GOODWIN	TRUSTEE	1.00	Director	$0	$0	$0
RANDY KAMMER	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD KRAVITZ	TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL SELEVAN	TRUSTEE	1.00	Director	$0	$0	$0
SHIRLEY BIELSKI	TRUSTEE	1.00	Director	$0	$0	$0
STACIE WILF	TRUSTEE	1.00	Director	$0	$0	$0
DANIELLE LEDER	TRUSTEE	1.00	Director	$0	$0	$0
NOAH POZIN	TRUSTEE	1.00	Director	$0	$0	$0
HARRIS RITTENBERG	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA STORCH	TRUSTEE	1.00	Director	$0	$0	$0
BRAD ZIMMERMAN	TRUSTEE	1.00	Director	$0	$0	$0
SHERI WEISS	TRUSTEE	1.00	Director	$0	$0	$0
MAURI MIZRAHI	CHIEF EXECUTIVE OFFICER	4.00	Officer	$0	$13,890	$373,694
BETTY SORNA	CHIEF FINANCIAL OFFICER	4.00	Officer	$0	$33,293	$290,846
MARTIN GOETZ	FORMER CEO	4.00		$0	$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	$985,827	$811,434	$15,966,246	$174,393
2022	$2,225,597	$788,617	$14,632,127	$1,436,980
2021	$3,692,631	$715,825	$11,273,998	$2,976,806
2020	$765,263	$1,012,692	$7,382,490	$-247,429
2019	$1,197,365	$1,027,832	$6,842,939	$169,533
2018	$1,119,922	$1,172,162	$5,885,672	$-52,240

RIVER GARDEN FOUNDATION INC