Rivers Academy fka Prism Academy

EIN: 881356945 501(c)(3) Education

Santa Monica, CA

Total Revenue
$268,708
Total Expenses
$282,708
Total Assets
N/A
Net Assets
$-14,000
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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
2022
Legal Domicile
CA
Principal Officer
Darryl Sollerh
Phone
4242802258
Tax Period
2022-07-01 to 2022-12-31

Rivers Academy fka Prism Academy, founded in 2022, is a small nonprofit in the Education sector that reported $269K in total revenue in fiscal year 2022.

Mission

- Rivers Academy provided both class and individual instruction to our diverse student community.- Rivers Academy combined academic instruction with weekly classes and meetings to provide social/emotional support and guidance.- Rivers Academy provided our neuro-diverse students with support and an integrated learning environment to engage and inspire their interests and talents.

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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 (2022)

Revenue Breakdown

Contributions & Grants $169,355
Program Service Revenue $99,353
Investment Income $0
Other Revenue $0
TOTAL REVENUE $268,708

Expense Breakdown

Grants Paid $0
Salaries & Benefits $178,891
Fundraising Expenses $16,987
Program Expenses $239,150
Other Expenses $103,817
TOTAL EXPENSES $282,708

Year-over-Year Comparison

2022 2021 Change
Revenue $268,708 N/A N/A
Expenses $282,708 N/A N/A
Net Income $-14,000 N/A N/A
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
1
Independent Members
N/A
Employees
13
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
0
$0
Total Directors
1
$7,609
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darryl Sollerh Executive Dir. 50.00
Director
$7,609 $0 $7,609
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
2022 $268,708 $282,708 No data $-14,000
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