NORTH RIVER ARTS SOCIETY INC (EIN 042599706) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Principal Officer

KRISTEN EVAN

Phone

7818378091

Tax Period

2023-01-01 to 2023-12-31

NORTH RIVER ARTS SOCIETY INC, founded in 1967, is a small nonprofit that reported $285K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $275K left a modest 4% surplus.

Mission

TO ENCOURAGE PARTICIPATION AND KNOWLEDGE OF THE ARTS FOR BOTH ARTISTS AND PATRONS: TO PROVIDE EDUCATION IN THE VISUAL AND PERFORMING ARTS: TO PLAN AND EXECUTE EXHIBITIONS AND PROGRAMS TO SUPPORT THIS MISSION.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $145,219

Program Service Revenue $116,558

Investment Income $50

Other Revenue $23,549

TOTAL REVENUE $285,376

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $95,299

Fundraising Expenses $0

Program Expenses $274,911

Other Expenses $178,612

TOTAL EXPENSES $274,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,376	$196,815	+0.4%
Expenses	$274,911	$188,343	+0.5%
Net Income	$10,465	$8,472	+0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY RYAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANNE MCAULIFFE	DIRECTOR	1.00	Director	$0	$0	$0
KATE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ALY ARNONE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DIRADO	DIRECTOR	1.00	Director	$0	$0	$0
LIZ HAYWOOD-SULLIVAN	PRESIDENT	5.00	Officer	$0	$0	$0
KRISTEN EVAN	TREASURER	5.00	Officer	$0	$0	$0
PHYLLIS WENZEL	CLERK	5.00	Officer	$0	$0	$0
AMY STERN	VICE PRESIDENT	5.00	Officer	$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	$285,376	$274,911	$416,231	$10,465
2022	$196,815	$188,343	$401,454	$8,472
2021	$171,391	$126,386	$390,735	$45,005
2020	$80,210	$98,228	$357,867	$-18,018
2019	$161,140	$173,353	$364,419	$-12,213
2018	$193,331	$189,244	$377,665	$4,087

NORTH RIVER ARTS SOCIETY INC