RIVERSIDE CHARITABLE CORPORATION (EIN 954158713) - 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

1988

Legal Domicile

Principal Officer

KENNETH S ROBERTSON

Phone

7146281654

Tax Period

2023-01-01 to 2023-12-31

RIVERSIDE CHARITABLE CORPORATION, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.5M in total revenue in fiscal year 2023. Revenue surged 200% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 46% operating margin.

Mission

TO PROVIDE, PRESERVE AND PROTECT AFFORDABLE HOUSING, AND HELP TO THOSE WHO CANNOT AFFORD THE NECESSITIES OF LIFE, REDUCE THE BURDEN OF GOVERNMENT AND HELP THE LESS FORTUNATE OF OUR COMMUNITIES THROUGH DEVELOPING SOCIAL AND EDUCATIONAL SERVICE-ENRICHED AFFORDABLE HOUSING FOR PEOPLE OF LOW-INCOME.

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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 $8,510,010

Program Service Revenue $9,034,674

Investment Income $2,617,877

Other Revenue $324,083

TOTAL REVENUE $20,486,644

Expense Breakdown

Grants Paid $8,625,300

Salaries & Benefits $1,561,021

Fundraising Expenses $0

Program Expenses $10,699,146

Other Expenses $864,867

TOTAL EXPENSES $11,051,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,486,644	$6,826,305	+2.0%
Expenses	$11,051,188	$3,018,326	+2.7%
Net Income	$9,435,456	$3,807,979	+1.5%

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

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

$888,594

Total Directors

$452,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH ROBERTSON	PRESIDENT	40.00	Officer Director	$434,850	$17,233	$452,083
PENNY LARUE	VP/ DEPUTY SECRETARY	1.25	Officer Director	$0	$0	$0
STEWART HALL	TREASURER	1.25	Officer Director	$0	$0	$0
CRAIG GILLETT	DIRECTOR	1.25	Director	$0	$0	$0
TRISHA HOCKINGS	DIRECTOR	1.25	Director	$0	$0	$0
XOCHITL OLIVAS	DIRECTOR	1.25	Director	$0	$0	$0
RECINDA KAY SHAFER	DEPUTY EXECUTIVE DIRECTOR	40.00	Officer	$436,511	$0	$436,511
NILSA GONZALEZ	VP OF OPERATIONS	40.00	Highest	$282,327	$13,496	$295,823

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	$20,486,644	$11,051,188	$56,242,811	$9,435,456
2022	$6,826,305	$3,018,326	$46,728,290	$3,807,979
2021	$6,509,289	$2,771,529	$40,469,052	$3,737,760
2020	$2,680,358	$1,991,354	$36,819,264	$689,004
2019	$2,926,050	$1,707,569	$35,979,933	$1,218,481
2018	$3,292,558	$1,773,720	$34,869,481	$1,518,838

RIVERSIDE CHARITABLE CORPORATION