RIVERSIDE CONSERVANCY 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

2017

Legal Domicile

Principal Officer

KELLI MCGEE

Phone

3869567555

Tax Period

2023-01-01 to 2023-12-31

RIVERSIDE CONSERVANCY INC, founded in 2017, is a small nonprofit in the Environment sector that reported $222K in total revenue in fiscal year 2023. Expenses of $276K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO CREATE AND EXPAND SUSTAINABLE LIVING SHORELINES THROUGH EDUCATIONAL OUTREACH AND LAND CONSERVANCY PROGRAMS THAT UTILIZE COMMUNITY-ENGAGED DESIGN AND TO PROMOTE THE HERITAGE OF WORKING WATERFRONTS AND HEALTHY HABITATS FOR THE BENEFIT OF THE INDIAN RIVER LAGOON AND FOR THE GREATER PUBLIC HEALTH, ECONOMIC PROSPERITY AND RECREATION OF THE SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $131,577

SHORELINE RESTORATION.THE RESTORATION OF SHORELINES (BY PLANTING NATIVE VEGETATION AND RESTORING OYSTER REEFS) FILTERS UPLAND POLLUTION THAT WOULD OTHERWISE FLOW INTO WATERWAYS OR ENTER GROUNDWATER AFTER RAIN EVENTS. LIVING SHORELINES ALSO CREATE AQUATIC HABITAT FOR FISH, BIRDS, AND OTHER ANIMALS AND PROTECT UPLAND PROPERTIES FROM STORM SURGE/EROSION.

Program 2

Expenses: $30,918

PUBLIC EDUCATION & OUTREACH.EDUCATION IS AN IMPORTANT PART OF CONSERVATION. WHAT WE WANT TO ACHIEVE IS NOT ONLY PHYSICAL ECOLOGICAL CONSERVATION, BUT ALSO AN UNDERSTANDING THAT A HEALTHY COMMUNITY...

PUBLIC EDUCATION & OUTREACH.EDUCATION IS AN IMPORTANT PART OF CONSERVATION. WHAT WE WANT TO ACHIEVE IS NOT ONLY PHYSICAL ECOLOGICAL CONSERVATION, BUT ALSO AN UNDERSTANDING THAT A HEALTHY COMMUNITY RELIES ON HARMONY BETWEEN INDIVIDUALS AND THE NATURE AROUND THEM. THE RIVERSIDE YOUNG LEADERS IN CONSERVATION, REGIONAL SCIENCE FAIR, AND SHORE SYMPOSIUM ARE ALL INVESTMENTS IN STUDENTS AND FUTURE GENERATIONS OF ECO-AMBASSADORS.

Program 3

Expenses: $11,000

CLAM RESTORATION.CLAMS ARE FILTER FEEDERS THAT REMOVE EXCESS NUTRIENTS AND OTHER POLLUTANTS FROM THE RIVER. ADULT CLAMS CAN FILTER UP TO 20 GALLONS OF WATER PER DAY. BECAUSE THE CLAM POPULATION IN...

CLAM RESTORATION.CLAMS ARE FILTER FEEDERS THAT REMOVE EXCESS NUTRIENTS AND OTHER POLLUTANTS FROM THE RIVER. ADULT CLAMS CAN FILTER UP TO 20 GALLONS OF WATER PER DAY. BECAUSE THE CLAM POPULATION IN THE INDIAN RIVER LAGOON HAS DECLINED DRASTICALLY SINCE 2011, WHICH CORRELATES TO THE STRIKING DECLINE IN WATER QUALITY, ORGANIZATIONS INCLUDING RIVERSIDE CONSERVANCY, STATE AGENCIES, AND UNIVERSITIES HAVE INVESTED IN RESTORING/REPOPULATING MILLIONS OF CLAMS INTO THE ESTUARY.

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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 $221,463

Program Service Revenue $0

Investment Income $111

Other Revenue $500

TOTAL REVENUE $222,074

Expense Breakdown

Grants Paid $7,700

Salaries & Benefits $137,482

Fundraising Expenses $23,232

Program Expenses $173,495

Other Expenses $131,018

TOTAL EXPENSES $276,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,074	$214,501	+0.0%
Expenses	$276,200	$278,282	0.0%
Net Income	$-54,126	$-63,781	-0.2%

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

100

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

$60,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ARTHUR LITOWITZ	CHAIR	10.00	Officer Director	$0	$0	$0
DR GREG WILSON	CHIEF SCIENTIFIC OFFICER	10.00	Officer Director	$0	$0	$0
TOM BARRATT	DIRECTOR, UNTIL 2/2023	10.00	Officer Director	$0	$0	$0
GEORGENNE BROWNELL	TREASURER, AS OF 4/2023	10.00	Officer Director	$0	$0	$0
KELLI MCGEE	EXECUTIVE DIRECTOR	20.00	Officer	$46,370	$13,680	$60,050

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	$222,074	$276,200	$1,175,006	$-54,126
2022	$214,501	$278,282	$1,220,884	$-63,781
2021	$1,332,010	$242,354	$1,281,971	$1,089,656
2020	$244,427	$116,617	$191,209	$127,810