RIVER OAKS PROPERTY OWNERS INC

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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

1954

Legal Domicile

Principal Officer

ROBERT BLAND

Phone

7136223195

Tax Period

2023-01-01 to 2023-12-31

RIVER OAKS PROPERTY OWNERS INC, founded in 1954, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 20% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO REVIEW AND ENFORCE RESIDENTIAL BUILDING DEED RESTRICTIONS, ARRANGE FOR TRASH COLLECTION SERVICES, MAINTAIN THE RIVER OAKS SECURITY PATROL, AND CARE FOR PARKS AND ESPLANADES WITHIN THE NEIGHBORHOOD.

Program Service Accomplishments

Program 1

Expenses: $2,098,259 Revenue: $2,731,100

SECURITY SERVICES - PATROL

Program 2

Expenses: $868,320 Revenue: $868,320

SANITATION

Program 3

Expenses: $688,161 Revenue: $895,712

PARK MAINTENANCE & BEAUTIFICATION

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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 $247,489

Program Service Revenue $4,873,271

Investment Income $184,318

Other Revenue $103,820

TOTAL REVENUE $5,408,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,304,936

Fundraising Expenses $0

Program Expenses $4,025,021

Other Expenses $2,020,046

TOTAL EXPENSES $4,324,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,408,898	$5,031,625	+0.1%
Expenses	$4,324,982	$4,813,822	-0.1%
Net Income	$1,083,916	$217,803	+4.0%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BLAND	PRESIDENT	4.00	Director	$0	$0	$0
TOM CARTER	TREASURER	4.00	Director	$0	$0	$0
CAROL COALE	SECRETARY	4.00	Director	$0	$0	$0
KATE GIBSON	DIRECTOR	4.00	Director	$0	$0	$0
LANCE GILLIAM	VICE PRESIDENT	4.00	Director	$0	$0	$0
MEG MURRARY	DIRECTOR	4.00	Officer Director	$0	$0	$0
KARL STERN	DIRECTOR	4.00	Director	$0	$0	$0
CHRIS O'SULLIVAN	DIRECTOR	4.00	Director	$0	$0	$0
CRAIG TAYLOR	DIRECTOR	4.00	Director	$0	$0	$0
BEN TURNER	GENERAL MANAGER	40.00	Highest	$179,948	$37,845	$217,793

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	$5,408,898	$4,324,982	$5,457,320	$1,083,916
2022	$5,031,625	$4,813,822	$5,433,845	$217,803
2021	$4,933,446	$3,915,620	$5,265,716	$1,017,826
2020	$4,534,097	$4,699,367	$4,954,080	$-165,270
2019	$4,368,875	$4,667,653	$4,724,037	$-298,778
2018	$4,135,063	$3,660,388	$4,564,314	$474,675