RIVERS OF STEEL HERITAGE CORPORATION (EIN 251672667) - 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

1992

Legal Domicile

Principal Officer

RICHARD C WALLACE

Phone

4124644020

Tax Period

2024-01-01 to 2024-12-31

RIVERS OF STEEL HERITAGE CORPORATION, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.6M in total revenue in fiscal year 2024. The organization ran a surplus of $2.6M, a strong 40% operating margin.

Mission

TO CONSERVE, INTERPRET, DEVELOP, AND PROMOTE HISTORICAL, CULTURAL AND RECREATIONAL RESOURCES THROUGHOUT WESTERN PA, INCLUDING THE EIGHT COUNTIES THAT COMPRISE THE RIVERS OF STEEL NATIONAL HERITAGE AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,851,748

Program Service Revenue $657,397

Investment Income $22,868

Other Revenue $21,022

TOTAL REVENUE $6,553,035

Expense Breakdown

Grants Paid $130,486

Salaries & Benefits $2,169,799

Fundraising Expenses $225,237

Program Expenses $2,604,422

Other Expenses $1,656,151

TOTAL EXPENSES $3,956,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,553,035	$6,444,583	+0.0%
Expenses	$3,956,436	$3,390,695	+0.2%
Net Income	$2,596,599	$3,053,888	-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

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

$181,114

Total Directors

$181,114

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART TINTORI	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR PANG	DIRECTOR	1.00	Director	$0	$0	$0
AUGUST R CARLINO	PRESIDENT & CEO	40.00	Officer Director	$151,340	$29,774	$181,114
CHUCK DURITSA	DIRECTOR	1.00	Director	$0	$0	$0
DANA SCARPINO	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL GALLAGHER JR	DIRECTOR	1.00	Director	$0	$0	$0
DEAN CALLAND	DIRECTOR	1.00	Director	$0	$0	$0
DR BRENDA FREDETTE	DIRECTOR	1.00	Director	$0	$0	$0
DR LUTITIA CLIPPER	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN KIGHT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRANK REED	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER THOMAS	TREASURER	1.00	Director	$0	$0	$0
JOHN BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MICHAUD	DIRECTOR	1.00	Director	$0	$0	$0
KADY DURKO	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GOOSSEN	DIRECTOR	1.00	Director	$0	$0	$0
MARION MALUS	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD C WALLACE	CHAIR	1.00	Officer Director	$0	$0	$0
SHAWN ALFONSO WELLS	DIRECTOR	1.00	Director	$0	$0	$0
MATEO VILLA	DIRECTOR	1.00	Director	$0	$0	$0
BILL FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
CARMELLE NICKENS	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	$6,553,035	$3,956,436	$12,528,020	$2,596,599
2023	$6,444,583	$3,390,695	$10,324,976	$3,053,888
2022	$3,468,810	$3,431,654	$6,879,397	$37,156
2021	$3,246,436	$2,724,800	$7,147,653	$521,636
2020	$2,016,584	$2,348,805	$6,978,664	$-332,221
2019	$1,708,518	$2,793,921	$7,239,080	$-1,085,403
2018	$2,374,697	$2,616,779	$7,474,435	$-242,082

RIVERS OF STEEL HERITAGE CORPORATION