RIVERTON TOWER SENIOR CENTER INC (EIN 821752469) - 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

2018

Legal Domicile

Principal Officer

Katherine E Dane

Phone

9047431122

Tax Period

2023-01-01 to 2023-12-31

RIVERTON TOWER SENIOR CENTER INC, founded in 2018, is a micro nonprofit in the Housing & Shelter sector that reported $988K in total revenue in fiscal year 2023. Revenue fell 183% from the prior year — a significant decline worth monitoring.

Mission

Affordable housing at below market value for seniors 62 years and older. We also provide temporary lodging in emergency situations that are referred by other non-profit organizations and hospitals.

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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 $0

Program Service Revenue $757,859

Investment Income $-1,764,612

Other Revenue $18,738

TOTAL REVENUE $-988,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,227

Fundraising Expenses $0

Program Expenses $821,122

Other Expenses $706,432

TOTAL EXPENSES $1,437,659

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-988,015	$1,188,612	-1.8%
Expenses	$1,437,659	$1,411,176	+0.0%
Net Income	$-2,425,674	$-222,564	+9.9%

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

$270,313

Total Directors

$358,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Dane	President	38.0	Officer Director	$146,102	$0	$146,102
Kathleen Gerding	VP & Secretary	38.0	Officer Director	$96,574	$0	$96,574
Becky Davis	Trustee	28.5	Director	$88,043	$0	$88,043
Gregg Heffelfinger	Treasurer	20.0	Officer Director	$27,637	$0	$27,637
Cheryl Myers-Wrobleski	Trustee	0.0	Director	$0	$0	$0
Antoinette Herbert	Trustee	0.0	Director	$0	$0	$0
Ernest Allen	Trustee	0.0	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
2023	$-988,015	$1,437,659	$501,287	$-2,425,674
2022	$1,188,612	$1,411,176	$2,947,129	$-222,564
2021	$1,322,036	$1,382,887	$3,165,835	$-60,851
2020	$1,161,206	$1,375,139	$3,313,733	$-213,933

RIVERTON TOWER SENIOR CENTER INC