RIVERSTONE HOMEOWNERS ASSOCIATION INC (EIN 760684372) - 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

2001

Legal Domicile

Principal Officer

FW REICHERT III

Phone

2817782222

Tax Period

2024-01-01 to 2024-12-31

RIVERSTONE HOMEOWNERS ASSOCIATION INC, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.9M in total revenue in fiscal year 2024.

Mission

MAINTENANCE AND PRESERVATION OF THE COMMON AREAS WHICH BENEFIT THE COMMNITY AND PUBLIC AT LARGE.

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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 $0

Program Service Revenue $11,879,738

Investment Income $293,460

Other Revenue $688,383

TOTAL REVENUE $12,861,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,028,544

Fundraising Expenses $0

Program Expenses $12,893,865

Other Expenses $10,960,720

TOTAL EXPENSES $12,989,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,861,581	$13,065,885	0.0%
Expenses	$12,989,264	$13,006,722	0.0%
Net Income	$-127,683	$59,163	-3.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZEMING LIU	PRESIDENT	3.00	Officer	$0	$0	$0
JAY PAREKH	VICE PRESIDENT	3.00	Officer	$0	$0	$0
FAZEENA ASHRAF	SECRETARY	3.00	Officer	$0	$0	$0
PAUL GLASS	TREASURER	3.00	Officer	$0	$0	$0
ADI TALWAR	DIRECTOR	3.00	Officer	$0	$0	$0
JESUS J VILLEGAS	GENERAL MANAGER	40.00	Highest	$236,288	$0	$236,288
FELECIA KAY ALEXANDER	DIRECTOR OF FINANCE AND HUMAN RRESOURCES	40.00	Highest	$172,501	$0	$172,501
JULIE K KVETON	OPERATIONS MANAGER	40.00	Highest	$115,723	$0	$115,723

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	$12,861,581	$12,989,264	$14,676,696	$-127,683
2023	$13,065,885	$13,006,722	$14,242,889	$59,163
2022	$13,002,073	$12,719,380	$16,235,815	$282,693
2021	$10,362,620	$10,322,965	$13,624,654	$39,655
2020	$10,824,103	$9,195,502	$11,956,221	$1,628,601
2019	$9,507,062	$8,462,407	$9,810,640	$1,044,655
2018	$8,412,133	$8,589,245	$8,502,260	$-177,112

RIVERSTONE HOMEOWNERS ASSOCIATION INC