TWO RIVERS SUPPORTING CORPORATION

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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

2015

Legal Domicile

Principal Officer

SARAH RICHARDSON

Phone

2025464477

Tax Period

2022-07-01 to 2023-06-30

TWO RIVERS SUPPORTING CORPORATION, founded in 2015, is a small nonprofit that reported $253K in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $317K exceeded revenue, resulting in a 25% operating deficit.

Mission

OUR MISSION IS TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION AND CARING, NURTURING CHILD CARE IN A WAY THAT VALUES AND RESPECTS EACH CHILD'S INDIVIDUALITY, AND FACILITATES GROWTH IN ALL ASPECTS OF THE CHILD'S DEVELOPMENT. TO CARRY OUT THIS MISSION, THE WESTMORELAND CHILDREN'S CENTER IS COMMITTED TO EMPLOYING OUTSTANDING DEDICATED STAFF; FOSTERING A STRONG SCHOOL-PARENT PARTNERSHIP; AND ENCOURAGING SOCIAL RESPONSIBILITY.

Program Service Accomplishments

Program 1

Expenses: $92,392 Revenue: $103,703

THE CORPORATION WAS ESTABLISHED TO PARTICIPATE IN THE INTERNAL REVENUE SERVICE'S NEW MARKET TAX CREDIT PROGRAM TO FINANCE LEASEHOLD IMPROVEMENTS OF TWO RIVERS PUBLIC CHARTER SCHOOL'S FACILITY. THE...

THE CORPORATION WAS ESTABLISHED TO PARTICIPATE IN THE INTERNAL REVENUE SERVICE'S NEW MARKET TAX CREDIT PROGRAM TO FINANCE LEASEHOLD IMPROVEMENTS OF TWO RIVERS PUBLIC CHARTER SCHOOL'S FACILITY. THE ORGANIZATION WAS DISSOLVED IN MARCH 2023.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $103,703

Investment Income $149,440

Other Revenue $0

TOTAL REVENUE $253,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,392

Other Expenses $316,671

TOTAL EXPENSES $316,671

Year-over-Year Comparison

	2022	2021	Change
Revenue	$253,143	$515,748	-0.5%
Expenses	$316,671	$439,593	-0.3%
Net Income	$-63,528	$76,155	-1.8%

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

N/A

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

$356,476

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA WODATCH	PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH RICHARDSON	TREASURER	1.00	Officer Director	$0	$0	$0
ANN GOSIER	TRUSTEE	1.00	Director	$0	$0	$0
ERIN SHEEHY	TRUSTEE	1.00	Director	$0	$0	$0
AURORA STEINLE	TRUSTEE	1.00	Director	$0	$47,451	$181,296
GAIL WILLIAMS	TRUSTEE	1.00	Director	$0	$31,797	$175,180

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
2023	$253,143	$316,671	No data	$-63,528
2022	$515,748	$439,593	$6,438,991	$76,155
2021	$515,747	$494,610	$6,341,817	$21,137
2020	$517,826	$524,428	$6,248,321	$-6,602
2019	$467,889	$480,001	$6,232,800	$-12,112
2018	$458,099	$476,862	$6,229,773	$-18,763