RIVERTOWNS ARTS COUNCIL INC

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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

Legal Domicile

Principal Officer

ECKA BLAIRE FAULDS

Phone

9144125103

Tax Period

2023-07-01 to 2024-06-30

RIVERTOWNS ARTS COUNCIL INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $571K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $639K exceeded revenue, resulting in a 12% operating deficit.

Mission

CELEBRATING AND CULTIVATING THE ARTS, RIVERARTS PRESENTS A WIDE ARRAY OF EVENTS AND EDUCATIONAL PROGRAMS INCLUDING VISUAL ARTS, DANCE, MUSIC, SUMMER CAMPS AND TWO MULTI-VILLAGE ALL DAY ARTS TOURS IN THE LOWER HUDSON VALLEY.

Program Service Accomplishments

Program 1

Expenses: $465,284 Revenue: $386,996

RIVERARTS PROVIDES EXTENSIVE PROGRAMMING IN ARTS EDUCATION, INCLUDING PRIVATE AND GROUP MUSIC LESSONS FOR CHILDREN AND ADULTS [MORE THAN 7,000 LESSONS PER YEAR],BLUEGRASS WEEKEND INTENSIVES WITH...

RIVERARTS PROVIDES EXTENSIVE PROGRAMMING IN ARTS EDUCATION, INCLUDING PRIVATE AND GROUP MUSIC LESSONS FOR CHILDREN AND ADULTS [MORE THAN 7,000 LESSONS PER YEAR],BLUEGRASS WEEKEND INTENSIVES WITH PROFESSIONAL BLUEGRASS ARTIST\INSTRUCTORS FROM THROUGHOUT THE NORTHEAST, AND THREE SUMMER CAMPS FOR CHILDREN: SUMMERARTS [RUNNING FOR MORE THAN 40 YEARS], WHERE CHILDREN PARTICIPATE IN WORKSHOPS IN A MYRIAD OF ART FORMS; JAZZCAMP, WHERE CHILDREN LEARN THE ART OF IMPROVISATION FROM SEASONED JAZZ MUSICIANS; AND STORYCAMP, WHERE CHILDREN LEARN TO TELL THEIR OWN STORIES THROUGH WORDS, ART AND MUSIC.

Program 2

Expenses: $25,479 Revenue: $48,762

RIVERARTS PUBLIC EVENTS INCLUDE TWO EXTENSIVE FREE MULTI-VILLAGE TOURS. ONE THAT INCLUDES APPROXIMATELY 100 VISUAL ARTISTS SHOWING THEIR WORK IN THEIR STUDIOS AND TALKING TO THE PUBLIC ABOUT THEIR...

RIVERARTS PUBLIC EVENTS INCLUDE TWO EXTENSIVE FREE MULTI-VILLAGE TOURS. ONE THAT INCLUDES APPROXIMATELY 100 VISUAL ARTISTS SHOWING THEIR WORK IN THEIR STUDIOS AND TALKING TO THE PUBLIC ABOUT THEIR CREATIVE PROCESS. THE SECOND EVENT SHOWCASES MORE THAN 250 MUSICIANS FROM THROUGHOUT THE AREA PLAYING 45 MINUTE CONCERTS ON ONE SATURDAY IN ABOUT 35 VENUES. IN ADDITION TO THESE TOURS, RIVERARTS PRESENTS A PROFESSIONAL CONTEMPORARY DANCE CONCERT, A CHAMBER MUSIC SERIES FEATURING MUSICIANS FROM THROUGHOUT THE AREA, AND AN ARTIST CONVERSATION SERIES HIGHLIGHTING ARTISTS IN MANY DIFFERENT ART FORMS DISCUSSING THEIR CREATIVE PROCESS. ADDITIONALLY, RIVERARTS EXPERIMENTS WITH PROGRAMS COMBINING DIFFERENT ART FORMS, SUCH AS MUSIC AND POETRY.

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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 $135,349

Program Service Revenue $435,758

Investment Income $3

Other Revenue $0

TOTAL REVENUE $571,110

Expense Breakdown

Grants Paid $9,781

Salaries & Benefits $141,523

Fundraising Expenses $6,191

Program Expenses $490,763

Other Expenses $487,875

TOTAL EXPENSES $639,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$571,110	$610,927	-0.1%
Expenses	$639,179	$625,132	+0.0%
Net Income	$-68,069	$-14,205	+3.8%

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

N/A

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
JOSHUA SUNIEWICK	MANAGING DIRECTOR	5.00		$53,000	$0	$53,000
CLAUDIA KNAFO	MUSIC DIRECTOR	20.00		$25,047	$0	$25,047
TERRY JOSHI	EVENTS AND PRODUCTION MANAGER	40.00		$24,946	$0	$24,946
ANGELA LIN	MARKETING AND COMMUNICATIONS MGR	0.00		$24,800	$0	$24,800
JOHN LATONA	Director	0.00	Director	$0	$0	$0
JULIE LEVINE	Secretary	3.00	Director	$0	$0	$0
KRISTIN MADDEN	President & CEO	3.00	Director	$0	$0	$0
NICOLE NOVY SCHNEIDER	Director	0.00	Director	$0	$0	$0
RHONDA ROOT	Director	0.00	Director	$0	$0	$0
LAUREN ORKUS	Vice President	3.00	Director	$0	$0	$0
JOANNA RIESMAN	Director	0.00	Director	$0	$0	$0
STUART WOLFERMAN	Director	0.00	Director	$0	$0	$0
DEODAT SINGH	Treasurer	3.00	Director	$0	$0	$0
DANIEL BELASCO	Director	0.00	Officer	$0	$0	$0
JAMES FUENTES	Director	0.00	Officer	$0	$0	$0
EMILY ZUCKERMAN	Director	0.00	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
2025	No data	No data	No data	No data
2024	$571,110	$639,179	$255,673	$-68,069
2023	$610,927	$625,132	$330,046	$-14,205
2021	$475,693	$428,103	$304,826	$47,590
2020	$519,266	$509,071	$242,184	$10,195
2019	$540,840	$565,522	$238,724	$-24,682
2018	$546,691	$559,673	$280,347	$-12,982