RIVERWOODS DURHAM (EIN 820719418) - 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

2017

Legal Domicile

Principal Officer

NATALEE BELANGER

Phone

6036581786

Tax Period

2023-07-01 to 2024-06-30

RIVERWOODS DURHAM, founded in 2017, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO ESTABLISH, OWN, AND MAINTAIN A CHARITABLE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY

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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 $188,042

Program Service Revenue $20,979,424

Investment Income $1,594,078

Other Revenue $71,800

TOTAL REVENUE $22,833,344

Expense Breakdown

Grants Paid $21,500

Salaries & Benefits $11,430,025

Fundraising Expenses $0

Program Expenses $19,560,816

Other Expenses $13,153,884

TOTAL EXPENSES $24,605,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,833,344	$20,212,521	+0.1%
Expenses	$24,605,409	$22,863,067	+0.1%
Net Income	$-1,772,065	$-2,650,546	-0.3%

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

314

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

$454,637

Total Directors

$545,232

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTINE VOGEL	CEO	0.60	Director	$0	$40,317	$545,232
KIMBERLY GASKELL	VP OF OPERATIONS	5.00	Officer	$0	$16,588	$276,929
NATALEE BELANGER	EXECUTIVE DIRECTOR	40.00	Officer	$171,055	$6,653	$177,708
PATRICIA MCDONOUGH-DOANE	LPN	40.00	Highest	$125,560	$0	$125,560
KAITLIN KNAPP	NURSE PRACTITIONER	40.00	Highest	$118,024	$1,500	$119,524
HOLLY MOON	NURSE LEADER RN	40.00	Highest	$118,087	$0	$118,087
GLENN MORASH	DIRECTOR OF DINING SERVICES	40.00	Highest	$109,798	$9,298	$119,096
LAUREN LENNEN	ASST. DIR. OF HEALTH SERVICES	40.00	Highest	$105,199	$1,200	$106,399
SUSAN DESJARDINS	CHAIR	0.50	Officer Director	$0	$0	$0
REBECCA SMITH	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MIKE HICKEY	TREASURER	0.50	Officer Director	$0	$0	$0
DEBORAH KARMOZYN	CLERK AND RESIDENT TRUSTEE	0.50	Officer Director	$0	$0	$0
DAN CHARTRAND	TRUSTEE	0.50	Director	$0	$0	$0
KIRSTEN CORAZZINI	TRUSTEE	0.50	Director	$0	$0	$0
TOM DONOVAN	TRUSTEE	0.50	Director	$0	$0	$0
DEBBY MILLER	TRUSTEE (AS OF JANUARY 2024)	0.50	Director	$0	$0	$0
PATRICK PARISI	TRUSTEE	0.50	Director	$0	$0	$0
WALTER BURGIN	RESIDENT TRUSTEE	0.50	Director	$0	$0	$0
RALPH RAGUCCI	RESIDENT TRUSTEE	0.50	Director	$0	$0	$0
BILL STAFFORD	RESIDENT TRUSTEE	0.50	Director	$0	$0	$0
DAVID BROWNELL	TRUSTEE (LEFT IN JUNE 18, 2024)	0.50	Director	$0	$0	$0
MIKE ROWAN	TRUSTEE (LEFT IN APRIL 2024)	0.50	Director	$0	$0	$0
JOHN PROCHILO	TRUSTEE (LEFT IN JUNE 18, 2024)	0.50	Director	$0	$0	$0
JASON SMITH	TRUSTEE (LEFT IN JUNE 18, 2024)	0.50	Director	$0	$0	$0
TIM RILEY	TRUSTEE (LEFT IN AUGUST 2023)	0.50	Director	$0	$0	$0
SUSAN WOODS	TRUSTEE (LEFT IN JUNE 18, 2024)	0.50	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	No data	No data	No data	No data
2024	$22,833,344	$24,605,409	$126,610,427	$-1,772,065
2023	$20,212,521	$22,863,067	$125,584,505	$-2,650,546
2022	$17,724,252	$20,887,173	$126,625,985	$-3,162,921
2021	$14,105,802	$19,408,138	$132,068,714	$-5,302,336
2020	$4,552,019	$7,624,668	$134,019,106	$-3,072,649
2019	No data	$195,647	$41,833,983	No data

RIVERWOODS DURHAM