RIVERFRONT MINISTRIES

EIN: 862365782 501(c)(3)

WILMINGTON, DE

Total Revenue
$381,712
Total Expenses
$331,580
Total Assets
$97,576
Net Assets
$85,576
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
Kai D Moore
Phone
3026558847
Tax Period
2025-01-01 to 2025-12-31

RIVERFRONT MINISTRIES, founded in 2021, is a small nonprofit that reported $382K in total revenue in fiscal year 2025. Expenses of $332K left a modest 13% surplus.

Mission

Riverfront Ministries is a faith-based nonprofit committed to the work of food and economic justice. We have community gatherings, times of teaching, and we run four shared commercial kitchens serving culinary entrepreneurs in business and economic development.

Program Service Accomplishments

Program 1
Expenses: $59,355 Revenue: $71,340

Weekly community gatherings and teachings on spirituality to about 40 participants each week.

Program 2
Expenses: $240,111 Revenue: $310,372

Support for women- and minority-owned culinary businesses through shared commercial kitchen space, and business development support. We had 39 active members at the end of 2025, and 126 on the...

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Support for women- and minority-owned culinary businesses through shared commercial kitchen space, and business development support. We had 39 active members at the end of 2025, and 126 on the waitlist.

Program 3
Expenses: $3,856

Missional giving to other non-profits through financial and in-kind donations such as meals to homeless shelter, and hygiene products to people who are unhoused.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $249,189
Program Service Revenue $132,523
Investment Income $0
Other Revenue $0
TOTAL REVENUE $381,712

Expense Breakdown

Grants Paid $6,538
Salaries & Benefits $182,881
Fundraising Expenses $0
Program Expenses $303,322
Other Expenses $142,161
TOTAL EXPENSES $331,580

Year-over-Year Comparison

2025 2024 Change
Revenue $381,712 $373,284 +0.0%
Expenses $331,580 $382,385 -0.1%
Net Income $50,132 $-9,101 -6.5%
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

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Governance

Voting Members
8
Independent Members
8
Employees
4
Volunteers
32

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
4
$22,222
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
E Shawn Qaissaunee President 4.00
Officer
$0 $0 $0
Chelsea Spyres Executive Director 40.00
Officer
$22,222 $0 $22,222
John Gast Treasurer 5.00
Officer
$0 $0 $0
Elizabeth Townsend Secretary 1.00
Officer
$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 $381,712 $331,580 $97,576 $50,132
2024 $373,284 $382,385 $56,990 $-9,101
2023 $295,192 $360,060 $66,091 $-64,868
2022 $238,136 $221,703 $117,401 $16,433
2021 $345,590 $295,824 $49,766 $49,766
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