Rivers Health Scholarship Foundation
EIN: 550649849 · Point Pleasant, WV · NTEE: E22I
| Metric | Value |
|---|---|
| Total Revenue | $897K |
| Total Expenses | $36K |
| Net Assets | $1.8M |
Is Rivers Health Scholarship Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rivers Health Scholarship Foundation
Rivers Health Scholarship Foundation (EIN: 550649849) is a nonprofit organization based in Point Pleasant, WV, classified under NTEE code E22I. The organization reported total revenue of $897K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rivers Health Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rivers Health Scholarship Foundation is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $36K |
| Surplus / Deficit | +$20K |
| Total Assets | $1.8M |
| Total Liabilities | $13K |
| Net Assets | $1.8M |
| Operating Margin | 35.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 603.5 months |
Financial Health Grade: A
In 2023, Rivers Health Scholarship Foundation reported a surplus of $20K with revenue exceeding expenses, holds 603.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rivers Health Scholarship Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.6% | +114.7% | +8.3% |
| 2022 | +86.9% | -65.8% | -1.9% |
| 2021 | +176.5% | +54.6% | +6.9% |
| 2020 | -15.5% | -3.3% | +4.2% |
| 2019 | -5.9% | -25.5% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rivers Health Scholarship Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rivers Health Scholarship Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Rivers Health Scholarship Foundation
Is Rivers Health Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rivers Health Scholarship Foundation (EIN: 550649849) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rivers Health Scholarship Foundation spend its money?
Detailed spending breakdown data is not yet available for Rivers Health Scholarship Foundation. Check back for updated IRS 990 analysis.
Are donations to Rivers Health Scholarship Foundation tax-deductible?
Rivers Health Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 550649849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rivers Health Scholarship Foundation located?
Rivers Health Scholarship Foundation is headquartered in Point Pleasant, West Virginia and files with the IRS under EIN 550649849. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Rivers Health Scholarship Foundation have?
Rivers Health Scholarship Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $897K in total revenue.
Filing History
IRS 990 filing history for Rivers Health Scholarship Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rivers Health Scholarship Foundation's revenue has declined by 3.9%, moving from $58K to $56K. Total assets increased by 55% over the same period, from $1.2M to $1.8M. Total functional expenses fell by 15%, from $42K to $36K. In its most recent filing year (2023), Rivers Health Scholarship Foundation reported a surplus of $20K, with revenue exceeding expenses. The organization holds $13K in liabilities against $1.8M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $36K | $1.8M | $13K | — | View 990 |
| 2022 | $162K | $17K | $1.7M | $1K | — | — |
| 2021 | $87K | $49K | $1.7M | $1K | — | View 990 |
| 2020 | $31K | $32K | $1.6M | $1K | — | View 990 |
| 2019 | $37K | $33K | $1.5M | $0 | — | View 990 |
| 2018 | $40K | $44K | $1.5M | $2K | — | View 990 |
| 2017 | $65K | $29K | $1.5M | $2K | — | View 990 |
| 2016 | $23K | $30K | $1.4M | $2K | — | View 990 |
| 2015 | $54K | $31K | $1.3M | $2K | — | View 990 |
| 2014 | $29K | $31K | $1.3M | $1K | — | View 990 |
| 2013 | $31K | $34K | $1.3M | $1K | — | View 990 |
| 2012 | $40K | $39K | $1.2M | $1K | — | View 990 |
| 2011 | $58K | $42K | $1.2M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $36K, and assets of $1.8M (revenue -65.6% year-over-year).
- 2022: Revenue of $162K, expenses of $17K, and assets of $1.7M (revenue +86.9% year-over-year).
- 2021: Revenue of $87K, expenses of $49K, and assets of $1.7M (revenue +176.5% year-over-year).
- 2020: Revenue of $31K, expenses of $32K, and assets of $1.6M (revenue -15.5% year-over-year).
- 2019: Revenue of $37K, expenses of $33K, and assets of $1.5M (revenue -5.9% year-over-year).
- 2018: Revenue of $40K, expenses of $44K, and assets of $1.5M (revenue -39.5% year-over-year).
- 2017: Revenue of $65K, expenses of $29K, and assets of $1.5M (revenue +189.2% year-over-year).
- 2016: Revenue of $23K, expenses of $30K, and assets of $1.4M (revenue -58.2% year-over-year).
- 2015: Revenue of $54K, expenses of $31K, and assets of $1.3M (revenue +88.7% year-over-year).
- 2014: Revenue of $29K, expenses of $31K, and assets of $1.3M (revenue -8.7% year-over-year).
- 2013: Revenue of $31K, expenses of $34K, and assets of $1.3M (revenue -21.5% year-over-year).
- 2012: Revenue of $40K, expenses of $39K, and assets of $1.2M (revenue -31.3% year-over-year).
- 2011: Revenue of $58K, expenses of $42K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rivers Health Scholarship Foundation:
Data Sources and Methodology
This transparency report for Rivers Health Scholarship Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.