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Nonprofiteer
← RIVERSPRING SERVICES CORP

Form 990 for tax year 2023

Filed by RIVERSPRING SERVICES CORP.

Totals

Total revenue
$25,833,722
Total expenses
$25,833,722
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$26,038,189
Investment income
-$204,467
Other revenue
$0
Total assets, end of year
$5,505,103
Total liabilities, end of year
$5,505,103
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$25,833,722
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$25,833,722

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFFERY S MAURER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • JOSEPH WYGODA

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • ANDREW GAINES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • CARL WILLNER

    Interim CFO

    Total calculated
    $381,356
    From this org
    $319,229
    From related orgs
    $0
    Other
    $62,127
    Hours/week
    30 + 5 related

    Schedule J breakdown matched by us

    Base
    $316,147
    Bonus
    $0
    Other
    $3,082
    Deferred
    $23,512
    Nontaxable benefits
    $38,615
    Filer's total
    $381,356

  • DANIEL REINGOLD

    PRESIDENT & CEO

    Total calculated
    $2,065,891
    From this org
    $1,999,772
    From related orgs
    $0
    Other
    $66,119
    Hours/week
    30 + 5 related

    Schedule J breakdown matched by us

    Base
    $1,731,420
    Bonus
    $256,250
    Other
    $12,102
    Deferred
    $27,504
    Nontaxable benefits
    $38,615
    Filer's total
    $2,065,891

  • DAVID POMERANZ

    CHIEF OPERATING OFFICER

    Total calculated
    $943,821
    From this org
    $911,618
    From related orgs
    $0
    Other
    $32,203
    Hours/week
    30 + 5 related

    Schedule J breakdown matched by us

    Base
    $752,064
    Bonus
    $150,078
    Other
    $9,476
    Deferred
    $27,726
    Nontaxable benefits
    $4,477
    Filer's total
    $943,821

  • DAMON RAMAGLIA JR

    VP OF INFO TECHNOLOGY

    Total calculated
    $354,042
    From this org
    $297,436
    From related orgs
    $0
    Other
    $56,606
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $296,769
    Bonus
    $0
    Other
    $667
    Deferred
    $17,991
    Nontaxable benefits
    $38,615
    Filer's total
    $354,042

  • DAVID FINKELSTEIN

    CHIEF INFORMATION OFFICER

    Total calculated
    $372,817
    From this org
    $313,404
    From related orgs
    $0
    Other
    $59,413
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $308,791
    Bonus
    $0
    Other
    $4,613
    Deferred
    $20,798
    Nontaxable benefits
    $38,615
    Filer's total
    $372,817

  • DEBORAH M MESSINA

    SENIOR VP - OPERATIONS

    Total calculated
    $341,137
    From this org
    $305,172
    From related orgs
    $0
    Other
    $35,965
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $304,158
    Bonus
    $0
    Other
    $1,014
    Deferred
    $21,196
    Nontaxable benefits
    $14,769
    Filer's total
    $341,137

  • MARY QUEALLY

    DIRECTOR OF PATIENT SERVICE

    Total calculated
    $323,305
    From this org
    $294,986
    From related orgs
    $0
    Other
    $28,319
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $293,299
    Bonus
    $0
    Other
    $1,687
    Deferred
    $13,129
    Nontaxable benefits
    $15,190
    Filer's total
    $323,305

  • Shaji Varghese

    VP of Finance

    Total calculated
    $327,789
    From this org
    $268,684
    From related orgs
    $0
    Other
    $59,105
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $264,739
    Bonus
    $0
    Other
    $3,945
    Deferred
    $20,490
    Nontaxable benefits
    $38,615
    Filer's total
    $327,789

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
DETERMINATION OF THE CEO AND OFFICERS' COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD. THIS PROCESS TAKES PLACE EACH DECEMBER.
Schedule J, Part I, Line 7 Non-fixed payments
BONUSES GIVEN ARE AT THE DISCRETION OF THE COMPENSATION COMMITTEE DEPENDING ON WHETHER OR NOT METRICS ESTABLISHED EVERY YEAR ARE MET.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349322041

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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