ANDOVER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COLLEEN E RITZER MEMORIAL FUND INC, founded in 2020, is a small nonprofit in the Education sector that reported $283K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $169K, a strong 60% operating margin.
THE COLLEEN E. RITZER MEMORIAL FUND FOSTERS A SOCIETY OF COMPASSION WITH KINDNESS AT ITS FOUNDATION. RENOWNED FOR HER KINDNESS, ZEAL FOR LIFE AND TEACHING, THE ORGANIZATION EMULATES COLLEEN'S COMPASSION AND KINDNESS WITH FUTURE TEACHERS AND STUDENTS THROUGH SCHOLARSHIPS, EDUCATION, SCHOOL SAFETY AND ALL OTHER PROGRAMS WITH KINDNESS AND EDUCATION AT THEIR CORE.
THE ORGANIZATION HOLDS AN ANNUAL 5K, THE STEP UP FOR COLLEEN 5K. IN ADDITION IN CONJUNCTION WITH THE 5K FLOWERS ARE SOLD TO RAISE FUNDS. THE PROCEEDS ARE USED TO PROVIDE COLLEGE SCHOLARSHIPS TO...
THE ORGANIZATION HOLDS AN ANNUAL 5K, THE STEP UP FOR COLLEEN 5K. IN ADDITION IN CONJUNCTION WITH THE 5K FLOWERS ARE SOLD TO RAISE FUNDS. THE PROCEEDS ARE USED TO PROVIDE COLLEGE SCHOLARSHIPS TO GRADUATING ANDOVER AND DANVERS HIGH SCHOOL STUDENTS WHO WILL EITHER BE PURSUING A DEGREE IN EDUCATION TO BE A TEACHER OR STUDENTS WHO HAD AN OUTSTANDING COMMITTMENT TO DOING GOOD IN THEIR COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $283,492 | $611,134 | -0.5% |
| Expenses | $114,058 | $104,400 | +0.1% |
| Net Income | $169,434 | $506,734 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PEGGIE L RITZER | PRESIDENT | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS P RITZER | V.P. AND CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL K GUILFOYLE | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JULIE VIOLA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DWIGHT FEENEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $283,492 | $114,058 | $1,954,625 | $169,434 |
| 2023 | $611,134 | $104,400 | $1,678,408 | $506,734 |
| 2022 | $186,322 | $88,164 | $1,131,497 | $98,158 |
| 2021 | $1,243,151 | $67,644 | $1,240,309 | $1,175,507 |
Compare COLLEEN E RITZER MEMORIAL FUND INC with other nonprofits in Massachusetts and across the country.