RIVER ARTS OF MORRISVILLE INC

EIN: 030368569 501(c)(3) Arts, Culture & Humanities

MORRISVILLE, VT

Total Revenue
$461,236
Total Expenses
$385,612
Total Assets
$1,122,990
Net Assets
$1,113,626
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VT
Principal Officer
AMY KOLB NOYES
Tax Period
2023-01-01 to 2023-12-31

RIVER ARTS OF MORRISVILLE INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $461K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $76K, a strong 16% operating margin.

Mission

RIVER ARTS MISSION IS TO ENRICH THE COMMUNITY THROUGH THE ARTS. WE ARE COMITTED TO PROVIDING MULTI-DISCIPLINARY ARTS OPPORTUNITIES AND MAKING THE ARTS ACCESSIBLE FOR EVERYONE NO MATTER THEIR ABILITY, AGE, OR FINANCIAL MEANS. FROM VISUAL MEDIA, WRITING & POETRY, DANCY, CERAMICS, CULINARY ARTS, PERFORAMNCE, MUSIC AND FIBER ARTS, RIVER ARTS OFFERS A WIDE RANGE OF PROGRAMS THROUGHOUT THE YEAR FOR ALL AGES. WE'RE ALSO A GATHERING PLACE IN OUR COMMUNITY FOR MANY PRIVATE EVENTS; FROM ARTISANAL MARKETS AND FISH FRIES TO FAMILY CELEBRATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $281,460
Program Service Revenue $109,386
Investment Income $8,023
Other Revenue $62,367
TOTAL REVENUE $461,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $236,739
Fundraising Expenses $29,234
Program Expenses $224,005
Other Expenses $148,873
TOTAL EXPENSES $385,612

Year-over-Year Comparison

2023 2022 Change
Revenue $461,236 $394,661 +0.2%
Expenses $385,612 $311,867 +0.2%
Net Income $75,624 $82,794 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
10
Employees
12
Volunteers
141

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE DREWS-SHELDON Executive Dir. 40.00
Director
$65,000 $0 $65,000
AMY KOLB NOYES Chairman 1.00
Officer Director
$0 $0 $0
ZOE BEDELL Vice President 1.00
Officer Director
$0 $0 $0
CAROLINE MCKINNEY Secretary 1.00
Officer Director
$0 $0 $0
MARY JANE CROUSE Treasurer 1.00
Officer Director
$0 $0 $0
NAN CARLE BEAUREGARD Director 1.00
Director
$0 $0 $0
TRICIA FOLLERT Director 1.00
Director
$0 $0 $0
RICK LOYA Director 1.00
Director
$0 $0 $0
PEGGY SMITH Director 1.00
Director
$0 $0 $0
LYNNE JEWETT Director 1.00
Director
$0 $0 $0
TESSA MILNES Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $461,236 $385,612 $1,122,990 $75,624
2022 $394,661 $311,867 $1,044,886 $82,794
2021 $354,660 $210,304 $1,051,719 $144,356
2020 $262,160 $216,459 $903,387 $45,701
2019 $330,113 $326,785 $828,225 $3,328
2018 $275,948 $297,457 $827,529 $-21,509
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