RIVERFIELD ACADEMY (EIN 720690242) - 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

1970

Legal Domicile

Principal Officer

KIMBERLY M MILLS

Tax Period

2023-06-01 to 2024-05-31

RIVERFIELD ACADEMY, founded in 1970, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $555K, a strong 17% operating margin.

Mission

EDUCATIONAL PURPOSES

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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 $28,836

Program Service Revenue $2,719,238

Investment Income $50,357

Other Revenue $454,617

TOTAL REVENUE $3,253,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,863,844

Fundraising Expenses $0

Program Expenses $2,698,257

Other Expenses $834,413

TOTAL EXPENSES $2,698,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,253,048	$4,104,193	-0.2%
Expenses	$2,698,257	$2,992,748	-0.1%
Net Income	$554,791	$1,111,445	-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

100

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

Total Directors

Key Employees

$46,761

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL WORD	PRINCIPAL	040.00	Key Emp Highest	$46,761	$0	$46,761
TOM ALLEN	DIRECTOR	002.00	Director	$0	$0	$0
MASSEY SHELTON	DIRECTOR	002.00	Director	$0	$0	$0
MATT PRINE	DIRECTOR	002.00	Director	$0	$0	$0
LEE THOMASON	DIRECTOR	002.00	Director	$0	$0	$0
KIM M MILLS	PRESIDENT	002.00	Officer	$0	$0	$0
DAN BRANCH	VICE-PRESIDENT	002.00	Officer	$0	$0	$0
JOHN MULHERN	SECRETARY	002.00	Officer	$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	No data	No data	No data	No data
2024	$3,253,048	$2,698,257	$5,359,733	$554,791
2023	$4,104,193	$2,992,748	$4,926,081	$1,111,445
2022	$2,888,343	$2,794,920	$4,309,612	$93,423
2021	$2,942,797	$2,717,019	$3,388,449	$225,778
2020	$2,496,672	$2,485,405	$3,161,134	$11,267
2019	$2,527,670	$2,288,436	$2,844,731	$239,234

RIVERFIELD ACADEMY