RAHWAY ARTS DISTRICT INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

ANTHONY ARMANDO

Phone

7328272181

Tax Period

2022-01-01 to 2022-12-31

RAHWAY ARTS DISTRICT INC, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $342K in total revenue in fiscal year 2022.

Mission

PROMOTE, GROW AND SUPPORT LOCAL BUSINESSES, PROPERTY OWNERS, RESIDENTS AND PATRONS WITHIN THE CITY OF RAHWAY.

Program Service Accomplishments

Program 1

Expenses: $281,455

PROMOTE, GROW AND SUPPORT LOCAL BUSINESSES, PROPERTY OWNERS, RESIDENTS AND PATRONS WITHIN THE CITY OF RAHWAYUTILIZE TARGETED ECONOMIC DEVELOPMENT AND MARKETING INITIATIVES TO RETAIN AND ATTRACT NEW BUSINESSES TO THE CITY.WORK IN CONJUNCTION WITH THE CITY OF RAHWAY AND RAHWAY REDEVELOPMENT AGENCY TO ENHANCE THE CITY'S QUALITY OF LIFE THROUGH PROGRAMMING AND DEVELOPMENT.CREATE A CULTURALLY DIVERSE, VIBRANT AND ECONOMICALLY SOUND COMMUNITY WITHIN RAHWAY.DEVELOP ACTIVITIES AND PROGRAMS THAT ENCOURAGE THE LONG TERM SUCCESS OF THE ARTS AND BUSINESS COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $342,147

Program Service Revenue $0

Investment Income $128

Other Revenue $0

TOTAL REVENUE $342,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $57,286

Program Expenses $281,455

Other Expenses $348,099

TOTAL EXPENSES $348,099

Year-over-Year Comparison

	2022	2021	Change
Revenue	$342,275	N/A	N/A
Expenses	$348,099	N/A	N/A
Net Income	$-5,824	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
DANIELLE NEWBURY	CHAIRWOMAN	5.00	Officer Director	$0	$0	$0
RODNEY FARRAR	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL COX	TRUSTEE	2.00	Director	$0	$0	$0
VANNIE PARSON	TRUSTEE	2.00	Director	$0	$0	$0
DAVID BROWN	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH GIBILISCO	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY BROOKS	TRUSTEE	2.00	Director	$0	$0	$0
JOANNA MILES	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY MOJICA	TRUSTEE	2.00	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
2022	$342,275	$348,099	$358,634	$-5,824
2020	$253,450	$211,827	$375,115	$41,623
2019	$222,749	$147,686	$292,684	$75,063
2018	$144,240	$115,072	$215,029	$29,168