THE RIVER FUND MAINE (EIN 831986128) - 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

Phone

2074180452

Tax Period

2024-01-01 to 2024-12-31

THE RIVER FUND MAINE, founded in 2018, is a small nonprofit in the Human Services sector that reported $152K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $235K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO CREATE A BRIGHT ECONOMIC FUTURE FOR OUR COMMUNITY BY INVESTING IN THE EDUCATION OF OUR YOUTH AND BY HARNESSING THE RECREATIONAL ASSETS OF OUR REGION

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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 $104,611

Program Service Revenue $0

Investment Income $21,517

Other Revenue $26,330

TOTAL REVENUE $152,458

Expense Breakdown

Grants Paid $108,258

Salaries & Benefits $86,938

Fundraising Expenses $10,658

Program Expenses $184,603

Other Expenses $40,001

TOTAL EXPENSES $235,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,458	$139,326	+0.1%
Expenses	$235,197	$108,012	+1.2%
Net Income	$-82,739	$31,314	-3.6%

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

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
HEIDI GODOMSKY	EXECUTIVE DIRECTOR	Director Highest	$75,000	$0	$75,000
WADE KAVANAUGH	DIRECTOR	Director	$0	$0	$0
JEAN BENEDICT	DIRECTOR	Director	$0	$0	$0
SARA SHIFRIN	DIRECTOR	Director	$0	$0	$0
JIM DUFRESNE	DIRECTOR	Director	$0	$0	$0
JULIA YOUNG	DIRECTOR	Director	$0	$0	$0
KELLY MCGOWAN	DIRECTOR	Director	$0	$0	$0
ROBERT VIGNEAUX	PRESIDENT	Officer Director	$0	$0	$0
MIRZA CIFRIC	SECRETARY	Officer Director	$0	$0	$0
LISA GORDON	VICE PRESIDENT	Officer Director	$0	$0	$0
STEFAN SPAZEK	TREASURER	Officer 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
2024	$152,458	$235,197	$487,414	$-82,739
2023	$174,781	$253,037	$523,241	$-78,256
2022	$139,326	$252,751	$508,740	$-113,425
2021	$221,100	$168,202	$716,358	$52,898
2020	$164,978	$138,161	$620,492	$26,817

THE RIVER FUND MAINE