AdventHealth Riverview Inc (EIN 870901094) - 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

2021

Legal Domicile

Principal Officer

Jason Newmyer

Phone

8138034030

Tax Period

2023-01-01 to 2023-12-31

AdventHealth Riverview Inc, founded in 2021, is a small nonprofit that reported $347K in total revenue in fiscal year 2023. Revenue surged 699% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 307% operating margin.

Mission

Inactive - Hospital is currently under construction. (Continued on Schedule O) Operations are expected to begin in Spring, 2024.

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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 $0

Investment Income $347,169

Other Revenue $0

TOTAL REVENUE $347,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,003,781

Fundraising Expenses $0

Program Expenses $-1,737,236

Other Expenses $-1,722,682

TOTAL EXPENSES $-718,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,169	$43,439	+7.0%
Expenses	$-718,901	$-31,161	+22.1%
Net Income	$1,066,070	$74,600	+13.3%

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

N/A

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

$582,167

Total Directors

$5,883,953

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bergherm Bruce	Director/VP	0.10	Director	$0	$36,935	$1,701,501
Didenko Dima	Dir/Treasurer	0.10	Director	$0	$152,149	$1,082,929
Ottati David	Dir/Chairman	0.10	Director	$0	$214,123	$2,195,971
Newmyer Jason	Dir/Pres/CEO	47.50	Officer Director	$0	$90,784	$469,545
Schuman Jessica	Dir/Secretary	0.10	Director	$0	$45,900	$434,007
Knepp Tanya	CFO (Beg 07/23)	50.00	Officer	$0	$13,090	$112,622

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	$347,169	$-718,901	$233,394,023	$1,066,070
2022	$43,439	$-31,161	$71,590,214	$74,600
2021	No data	No data	$22,192,814	No data

AdventHealth Riverview Inc