RIVERSIDE SYMPHONY INC

EIN: 133168350 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$563,799
Total Expenses
$290,176
Total Assets
$32,738
Net Assets
$21,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
ANTHONY KORF
Tax Period
2024-07-01 to 2025-06-30

RIVERSIDE SYMPHONY INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $564K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $274K, a strong 49% operating margin.

Mission

TO DEVELOP, PROMOTE AND INCREAASE INTEREST IN CLASSICAL AND CONTEMPORARY MUSIC AND COMPOSERS.

Program Service Accomplishments

Program 1

CONCERTS PERFORMED DURING THE YEAR.

Program 2

MUSIC MEMORY FOURTEEN SCHOOLS, REPRESENTING THOUSANDS OF NYC PUBLIC SCHOOL STUDEBTS, ENROLLED IN RIVERSIDE SYMPHONY'S MUSIC MEMORY PROGRAM. THE WORKSHOPS CENTER AROUND THE EXPLORATION OF MM...

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MUSIC MEMORY FOURTEEN SCHOOLS, REPRESENTING THOUSANDS OF NYC PUBLIC SCHOOL STUDEBTS, ENROLLED IN RIVERSIDE SYMPHONY'S MUSIC MEMORY PROGRAM. THE WORKSHOPS CENTER AROUND THE EXPLORATION OF MM CURRICULUM AND ITS SUGGESTED TIMELINE, MEANING EACH WORKSHOP COMPRISES A PRESENTATION AND DISCUSSION OF UPCOMING CONTENT. WORKSHOPS ARE RUN IN THE SOCRATIC STYLE, WITH OPEN DIALOUGE BETWEEN TEACHERS AND MALONE, EVALUATING THE BENEFITS OF VARIOUS TEACHING METHODS AND THE MOST EFFECTIVE STRATEGIES FOR IMPLEMENTING MM LESSONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $556,847
Program Service Revenue $6,952
Investment Income $0
Other Revenue $0
TOTAL REVENUE $563,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $189,220
Fundraising Expenses $49,278
Program Expenses $159,260
Other Expenses $100,956
TOTAL EXPENSES $290,176

Year-over-Year Comparison

2024 2023 Change
Revenue $563,799 $633,848 -0.1%
Expenses $290,176 $436,905 -0.3%
Net Income $273,623 $196,943 +0.4%
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

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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
10
Independent Members
9
Employees
25
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
10
$75,000
Total Directors
8
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY KORF PRESIDENT/DI 40.00
Officer Director
$75,000 $0 $75,000
REX NISWANDER DIRECTOR 1.50
Officer Director
$0 $0 $0
SANDY RIPPE DIRECTOR 1.50
Officer Director
$0 $0 $0
SANDY RIPPE DIRECTOR 1.50
Officer Director
$0 $0 $0
GEORGE ROTHMAN DIRECTOR 1.50
Officer Director
$0 $0 $0
JUDITH THORN DIRECTOR 1.50
Officer Director
$0 $0 $0
JUDITH THORN DIRECTOR 1.50
Officer Director
$0 $0 $0
LISA TORMINO DIRECTOR 1.50
Officer Director
$0 $0 $0
LYNN SPURGAT SECRETARY 1.50
Officer
$0 $0 $0
PHILLIP Y ZHANG CHARIMEN 1.50
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 $563,799 $290,176 $32,738 $273,623
2024 No data No data No data No data
2023 $346,730 $567,238 $68,857 $-220,508
2022 $419,559 $457,795 $257,074 $-38,236
2021 $381,723 $207,887 $342,083 $173,836
2020 $322,088 $286,325 $181,460 $35,763
2019 $563,428 $522,202 $96,036 $41,226
2018 $519,346 $487,528 $86,242 $31,818
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