RIVERFRONT TROLLEY ASSOCIATION INC (EIN 931264245) - 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

1999

Legal Domicile

Principal Officer

WILLIS VAN DUSEN

Tax Period

2023-01-01 to 2023-12-31

RIVERFRONT TROLLEY ASSOCIATION INC, founded in 1999, is a small nonprofit in the Public & Societal Benefit sector that reported $489K in total revenue in fiscal year 2023. Revenue surged 610% from the prior year, signaling strong growth momentum. The organization ran a surplus of $415K, a strong 85% operating margin.

Mission

ASSOCIATION OPERATES ASTORIA RIVERFRONT TROLLEY

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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 $486,544

Program Service Revenue $0

Investment Income $13

Other Revenue $2,723

TOTAL REVENUE $489,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,412

Other Expenses $74,412

TOTAL EXPENSES $74,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$489,280	$68,952	+6.1%
Expenses	$74,412	$64,577	+0.2%
Net Income	$414,868	$4,375	+93.8%

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

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	Role	Reportable Comp	Other Comp	Total
CAROLINE WUEBBEN	BOARD MEMBER	Director	$0	$0	$0
FRANK KEMP	BOARD MEMBER	Director	$0	$0	$0
AMANDA CORDERO	BOARD MEMBER	Director	$0	$0	$0
PAUL BENOIT	CITY ASTORIA REPRESENTIVE	Director	$0	$0	$0
WILLIS VAN DUSEN	PRESIDENT	Officer Director	$0	$0	$0
JEFF HAZEN	VICE PRESIDENT	Officer Director	$0	$0	$0
STEPHEN ALLEN	TREASURER	Officer 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
2024	No data	No data	No data	No data
2023	$489,280	$74,412	$590,436	$414,868

RIVERFRONT TROLLEY ASSOCIATION INC