The Riverwoods Group
Nonprofit profile at a glance
- EIN
- 451450956
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-EZ 2012
- Location
- Durham, NH, USA
- Phone
- 6036581786
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $10,485,854
- Expenses
- $11,261,230
- Assets
- $28,866,568
- Liabilities
- $6,285,180
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JUSTINE VOGEL (CEO/CLERK)
Highest reported compensation
- JUSTINE VOGEL (CEO/CLERK): $548,637 total reported compensation
- KEVIN GOYETTE (CFO): $382,377 total reported compensation
- KIMBERLY GASKELL (VP OF OPERATIONS): $297,328 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the riverwoods group (trwg) is to plan, coordinate, implement & further the missions of the riverwoods company at exeter New Hampshire (rwe), birch hill terrace (bh) dba riverwoods manchester (rwm), riverwoods durham (rwd), & other potential future participants.
What it reported doing in 2024
Support rwe: this program currently includes two primary functions:(1) to centralize the administrative and management functions for the three communities(2) to explore opportunities for expansion, and plan for and implement an integrated system of non-profit, charitable continuing care retirement communities
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 95
- Accountability: 94
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.9%; rating input score 62
- Program expense ratio: 54.3%; rating input score 54
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 88.9%; rating input score 89; 21st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.4%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 2.56; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 19.9%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 30.1% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 19.6% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 17.3% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 61.9% of revenue deployed · 54.3% of spending went to programs
- Governance: 8 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $6.1M in reported program spending
- Leadership: top reported pay $549K · 15 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $420K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- High — Sustainability: Operating margin scored 13/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.