BEducationEIN: 300248126· Ruling Year: 2004

River Mill Academy

Graham, North Carolina

BHealth Score
58B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.35×
Peer Median20.77×
💰
$7.6M
Total Revenue
📊
$6.9M
Total Expenses
🏦
$2.4M
Net Assets
📋
$11.3M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-6.3%
Year-over-year change (2022 → 2023)
Net Margin
+8.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.35
Net assets divided by total expenses
Liabilities-to-Assets
82.4%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$7,618,7206%$6,939,6632%$13,716,9466%
2022$8,126,74114%$7,047,7778%$12,915,78415%
2021$7,142,897$6,555,0792%$15,187,69110%
2020$7,164,5241%$6,438,8868%$13,855,5032%
2019$7,121,2649%$5,961,516$14,120,4668%
2018$6,518,7143%$5,966,13110%$13,083,02916%
2017$6,339,73519%$5,426,37022%$11,260,32812%
2016$5,328,38612%$4,447,2142%$10,064,8729%
2015$4,765,30016%$4,359,3049%$9,272,27517%
2014$4,122,3113%$4,001,2761%$7,923,27914%
2013$4,235,6511%$3,971,9919%$6,957,015
2012$4,213,6174%$3,641,5403%$6,938,7995%
2011$4,367,666$3,552,113$6,587,072

Frequently Asked Questions

What does River Mill Academy do?

River Mill Academy is a education nonprofit organization based in North Carolina. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.

Is River Mill Academy financially healthy?

Based on our 9-metric Financial Health Score model, River Mill Academy has a score of 58/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does River Mill Academy generate?

River Mill Academy reports $8.7M in annual revenue and holds $14.9M in total assets, based on IRS filings.

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