THE RIVER ACADEMY (EIN 911874303) - 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

1998

Legal Domicile

Principal Officer

MALACHI SALCIDO

Phone

5096652415

Tax Period

2024-07-01 to 2025-06-30

THE RIVER ACADEMY, founded in 1998, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Net assets of $5.8M represent 28 months of operating reserves.

Mission

OUR PURPOSE IS TO PARTNER WITH PARENTS IN EDUCATING THEIR CHILDREN TO BECOME THE NEXT GENERATION OF CHRISTIAN LEADERS EQUIPPED TO SHAPE CULTURE THROUGH FAITHFUL, WISE, AND JOYFUL CHRISTIAN LIVING.

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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 $223,955

Program Service Revenue $2,273,147

Investment Income $24,303

Other Revenue $0

TOTAL REVENUE $2,521,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,035,890

Fundraising Expenses $54,188

Program Expenses $1,917,326

Other Expenses $519,116

TOTAL EXPENSES $2,555,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,521,405	$4,510,871	-0.4%
Expenses	$2,555,006	$2,412,722	+0.1%
Net Income	$-33,601	$2,098,149	-1.0%

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

100

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

$142,275

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALACHI SALCIDO	PRESIDENT	1.00	Officer Director	$0	$0	$0
COURTNEY MATHISON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KATIE ERICKSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL TONGE	TREASURER	1.00	Officer Director	$0	$0	$0
JR CANO	BOARD MEMBER	1.00	Director	$0	$0	$0
JON DEJONG	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN LINDSTROM	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL PICCIOTTOLI	HEAD OF SCHOOL	40.00	Officer	$142,275	$0	$142,275

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	$2,521,405	$2,555,006	$6,635,320	$-33,601
2024	$4,510,871	$2,412,722	$6,731,821	$2,098,149
2023	$3,584,645	$2,242,097	$4,662,650	$1,342,548
2022	$2,687,215	$1,912,516	$2,871,494	$774,699
2021	$1,488,478	$955,032	$1,953,003	$533,446
2020	$1,555,743	$1,544,406	$1,366,448	$11,337
2019	$1,391,846	$1,390,957	$1,146,635	$889
2018	$1,289,215	$1,266,372	$1,134,112	$22,843

THE RIVER ACADEMY