Riverside Academy Inc (EIN 720691644) - 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

1969

Legal Domicile

Phone

9855364246

Tax Period

2024-06-01 to 2025-05-31

Riverside Academy Inc, founded in 1969, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2024.

Mission

Educational institution instructing students from preschool through twelfth grade

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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 $1,006,004

Program Service Revenue $3,345,388

Investment Income $0

Other Revenue $-90,485

TOTAL REVENUE $4,260,907

Expense Breakdown

Grants Paid $37,037

Salaries & Benefits $2,493,254

Fundraising Expenses $128,082

Program Expenses $3,826,042

Other Expenses $1,928,046

TOTAL EXPENSES $4,468,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,260,907	$4,053,660	+0.1%
Expenses	$4,468,839	$4,675,397	0.0%
Net Income	$-207,932	$-621,737	-0.7%

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

$85,191

Total Directors

$85,191

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Holly Haase	Principal	50.00	Officer Director	$85,191	$0	$85,191
Dexter Falgoust	President	8.00	Officer Director	$0	$0	$0
Joseph Guidry	Vice President	6.00	Officer Director	$0	$0	$0
Lori Zeringue	Treasurer	6.00	Officer Director	$0	$0	$0
Christina Gordon Frank	Director	5.00	Officer Director	$0	$0	$0
Allyson Baudoin	Secretary	6.00	Director	$0	$0	$0
Keith Brock	Director	5.00	Director	$0	$0	$0
Shawn St Pierre	Director	5.00	Director	$0	$0	$0
Courtney Loupe	Director	5.00	Director	$0	$0	$0
Larry Brisset Jr	Director	5.00	Director	$0	$0	$0
Jade Falgoust	Director	5.00	Director	$0	$0	$0
Katie Babin	Director	5.00	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	$4,260,907	$4,468,839	$3,159,727	$-207,932
2024	$4,053,660	$4,675,397	$3,304,042	$-621,737
2023	$4,981,174	$4,526,139	$4,457,835	$455,035
2022	$5,463,598	$4,103,873	$4,730,708	$1,359,725
2021	$3,291,645	$3,711,758	$2,318,195	$-420,113
2020	$3,701,940	$3,461,151	$2,577,236	$240,789
2019	$3,895,263	$4,105,525	$2,449,402	$-210,262

Riverside Academy Inc