RIVERSIDE THEATRE CO (EIN 421188839) - 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

1982

Legal Domicile

Principal Officer

STEPHANIE MANNING

Phone

3198871360

Tax Period

2024-09-01 to 2025-08-31

RIVERSIDE THEATRE CO, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $697K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $882K exceeded revenue, resulting in a 27% operating deficit.

Mission

A GREAT CITY DESERVES BOLD THEATRE.THEATRE THAT SPARKS DISCOURSE, BUILDS COMMUNITY, DELIGHTS, INSPIRES, BREAKS DOWN BARRIERS, AND EXPLORES THE COMPLEXITIES OF THE HUMAN SPIRIT. RIVERSIDE THEATRE STRENGTHENS THE CULTURAL FABRIC OF IOWA CITY THROUGH INTIMATE, ENGAGING PRODUCTIONS FROM CLASSICS TO NEW WORKS, FOSTERING A DEEPER APPRECIATION FOR THE DRAMATIC ARTS AMONG AN ENGAGED, EVOLVING AUDIENCE.

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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 $401,180

Program Service Revenue $270,495

Investment Income $1,697

Other Revenue $23,672

TOTAL REVENUE $697,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $334,565

Fundraising Expenses $49,223

Program Expenses $614,703

Other Expenses $547,472

TOTAL EXPENSES $882,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$697,044	$561,843	+0.2%
Expenses	$882,037	$754,794	+0.2%
Net Income	$-184,993	$-192,951	0.0%

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

$75,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE ZAIGER	DIRECTOR	1.00	Director	$0	$0	$0
URI LESSING LEFT 325	DIRECTOR	N/A	Director	$0	$0	$0
AMELIA KANELLIS	CHAIR	2.00	Officer Director	$0	$0	$0
MARNIE SAEUGLING	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LOOMIS	DIRECTOR	1.00	Director	$0	$0	$0
WALLACE CHAPPELL LEFT 425	DIRECTOR	N/A	Director	$0	$0	$0
DEREK LOGAS	TREASURER	1.00	Director	$0	$0	$0
JIM THROGMORTON	DIRECTOR	1.00	Director	$0	$0	$0
ADAM KNIGHT	PROD. ART. D	40.00	Officer	$71,216	$4,064	$75,280
CONNIE ALT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE MANNING	CHAIR	1.00	Officer Director	$0	$0	$0
MEL SCHLACHTER	DIRECTOR	1.00	Director	$0	$0	$0
AARON GREENWALD	DIRECTOR	1.00	Director	$0	$0	$0
JAIME WATTS	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY MIMS	DIRECTOR	1.00	Director	$0	$0	$0
MARK BROCKMEYER	DIRECTOR	1.00	Director	$0	$0	$0
NEERA KHERA LEFT 1124	DIRECTOR	N/A	Director	$0	$0	$0
PEGGY GRIMMER	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL MCPHERSON	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
2025	$697,044	$882,037	$553,581	$-184,993
2024	$561,843	$754,794	$770,525	$-192,951
2023	$849,934	$880,325	$953,285	$-30,391
2022	$1,153,870	$813,917	$872,635	$339,953
2021	$833,896	$419,995	$448,621	$413,901
2020	$406,497	$363,865	$75,211	$42,632
2019	$410,109	$443,963	$28,779	$-33,854
2018	$422,770	$433,249	$35,070	$-10,479

RIVERSIDE THEATRE CO