Riverside Military Academy Inc

Nonprofit profile at a glance

EIN
580616994
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2021
Location
Gainesville, GA, USA
Phone
7705326251
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Secondary, High School

Official website

Reported finances

Revenue
$11,831,477
Expenses
$19,860,231
Assets
$57,931,153
Liabilities
$55,562,925

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • ROBERT B DANIEL (PRESIDENT)
  • STANLEY C PRECZEWSKI (PRESIDENT THRU 5/31/2024)

Highest reported compensation

  • ROBERT B DANIEL (PRESIDENT): $251,900 total reported compensation
  • ELLEN G DEFOOR (VP OF ADVANCEMENT): $209,023 total reported compensation
  • STANLEY C PRECZEWSKI (PRESIDENT THRU 5/31/2024): $207,058 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To prepare ethical young men of character for success in college and in life through the provision of a rigorous academic program, leadership opportunities, competitive athletics, extensive co-curriculars, and the structure and discipline inherent in a military college preparatory school environment.

What it reported doing in 2024

Located in gainesville, Georgia, riverside preparatory academy is a private, boarding, preparatory school serving young men in grades 6 through 12. Riverside prep proudly implements a military model of education, refined and focused to bring out the absolute best in students and to develop simply great men. Through signature programs like cyber security and aerospace engineering, fine arts programs including music and video production, and competitive sports and other team-building activities, the experience at riverside is designed to identify the very height and breadth of potential, craft exemplary character, and prepare students for a lifetime of leadership, accomplishment, and fulfillment. Colleges nationwide recognize the value of a riverside prep education as our 2025 graduates were offered $3,054,488 in academic scholarships and $517,020 in rotc scholarships for a total of $3,571,508 and were accepted to 75 different colleges, universities, and service academies nationwide, including penn state, ny institute of technology, ga tech uga & Colorado school of mines - just to name a few. At riverside prep, students not only achieve academic excellence, they experience what it's like to be part of a brotherhood, become mentors, and gain true and complete understanding of their potential.

Operating model

Revenue model
Earned-program. 81% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 87% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 79
  • Accountability: 86
  • Sustainability: 27
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80.8%; rating input score 81
  • Fundraising efficiency: $6.28 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -67.9%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 2.92; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.96; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: -1.9% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -2.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -5.1% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 80.8% of spending went to programs
  • Governance: 17 of 17 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $16M in reported program spending
  • Leadership: top reported pay $252K · 25 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $2.1M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 26/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.