SCULPTURE AT THE RIVER MARKET 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

Formation Year

2009

Legal Domicile

Principal Officer

PAUL PARNELL

Phone

5013770436

Tax Period

2023-01-01 to 2023-12-31

SCULPTURE AT THE RIVER MARKET INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $343K in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum. Expenses of $445K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE MISSION OF SCULPTURE AT THE RIVER MARKET, INC. IS TO PROMOTE PUBLIC SCULPTURE ART IN THE RIVERFRONT PARK IN LITTLE ROCK, AR AND THROUGHOUT THE LITTLE ROCK COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $442,716

THROUGH DONOR CONTRIBUTIONS, THE ORGANIZATION WAS ABLE TO PURCHASE SEVERAL PIECES OF PUBLIC ART FOR PLACEMENT IN LITTLE ROCK'S RIVER MARKET AREA AND THROUGH THE LITTLE ROCK COMMUNITY.

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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 $339,143

Program Service Revenue $0

Investment Income $3,749

Other Revenue $0

TOTAL REVENUE $342,892

Expense Breakdown

Grants Paid $434,960

Salaries & Benefits $0

Fundraising Expenses $2,119

Program Expenses $442,716

Other Expenses $10,465

TOTAL EXPENSES $445,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$342,892	$140,202	+1.4%
Expenses	$445,425	$150,110	+2.0%
Net Income	$-102,533	$-9,908	+9.3%

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

N/A

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
JANE ROGERS	PRESIDENT / CHAIRMAN	10.00	Officer Director	$0	$0	$0
DEAN KUMPURIS	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDREA GARY	SECRETARY	15.00	Officer Director	$0	$0	$0
PAUL PARNELL	TREASURER	0.50	Officer 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	$342,892	$445,425	$105,420	$-102,533
2022	$140,202	$150,110	$157,953	$-9,908
2021	$104,657	$71,107	$167,861	$33,550
2020	$351,614	$259,129	$134,311	$92,485
2019	$299,255	$374,975	$41,826	$-75,720
2018	$203,391	$163,316	$117,546	$40,075