River Meadows Improvement District

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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

1976

Legal Domicile

Phone

5415931666

Tax Period

2024-01-01 to 2024-12-31

River Meadows Improvement District, founded in 1976, is a small nonprofit that reported $224K in total revenue in fiscal year 2024. Net assets of $829K represent 45 months of operating reserves.

Mission

Provide a clean and sustainable supply of drinking and potable water for its membership, while also providing sanitary sewer services.

Program Service Accomplishments

Program 1

Delivery of clean and sustainable water to members while also providing sanitary sewer services.

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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 $219,821

Program Service Revenue $0

Investment Income $3,746

Other Revenue $0

TOTAL REVENUE $223,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $223,637

TOTAL EXPENSES $223,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,567	$223,819	0.0%
Expenses	$223,637	$219,658	+0.0%
Net Income	$-70	$4,161	-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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Frank	Director	2.00	Director	$0	$0	$0
Laura Sherar	President	2.00	Officer Director	$0	$0	$0
Victor Smith	Director	2.00	Director	$0	$0	$0
David Wayland	Secretary	10.00	Officer Director	$0	$0	$0
Paul Gilchrist	Treasurer	2.00	Officer Director	$0	$0	$0
John Rolin	Director	2.00	Director	$0	$0	$0
Rick LaHusen	Director	2.00	Director	$0	$0	$0
Dave Frank	Director	0.00	Director	$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	No data	No data	No data	No data
2024	$223,567	$223,637	$829,327	$-70
2023	$223,819	$219,658	$830,505	$4,161
2022	$203,682	$243,342	$826,344	$-39,660
2021	$227,873	$232,441	$866,003	$-4,568
2020	$188,409	$224,268	$881,860	$-35,859
2019	$175,793	$238,467	$933,877	$-62,674
2018	$188,254	$231,830	$1,004,000	$-43,576