REGIONAL CULTURAL AND PERFORMING A… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

VANESSA COOKSEY

Phone

3148635811

Tax Period

2024-01-01 to 2024-12-31

REGIONAL CULTURAL AND PERFORMING ARTS DEVELOPMENT COMMISSION, founded in 1985, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.0M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $13.5M left a modest 10% surplus.

Mission

AS THE LEADING PUBLIC CATALYST FOR ARTS AND CULTURE IN ST. LOUIS, THE REGIONAL ARTS COMMISSION LEVERAGES THE POWER OF CREATIVITY TO STRENGTHEN AND ENRICH OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $12,663,358 Revenue: $2,600

THE COMMISSION RECEIVES, AS CONTRIBUTIONS, 4/15 OF THE TOTAL REVENUE DERIVED FROM THE ST. LOUIS CITY AND COUNTY HOTEL/MOTEL SALES TAX. THE COMMISSION DISTRIBUTES THIS REVENUE BY FUNDING OR MAKING...

THE COMMISSION RECEIVES, AS CONTRIBUTIONS, 4/15 OF THE TOTAL REVENUE DERIVED FROM THE ST. LOUIS CITY AND COUNTY HOTEL/MOTEL SALES TAX. THE COMMISSION DISTRIBUTES THIS REVENUE BY FUNDING OR MAKING GRANTS TO NOT-FOR-PROFIT ORGANIZATIONS AND INDIVIDUAL ARTISTS FOR ACTIVITIES IN ST. LOUIS CITY AND COUNTY. THE COMMISSION MAKES IT POSSIBLE FOR OTHER INSTITUTIONS TO CONTINUE TO PERFORM AND FOSTER ART ACTIVITIES. SEE SCHEDULE I FOR GRANT PAYMENTS. THE COMMISSION MAKES GRANTS BASED ON COMPLETED APPLICATIONS WHICH INCLUDE THE FOLLOWING AREAS: 1) ARTISTIC MERIT 4) AUDIENCE DEVELOPMENT 2) COMMUNITY/NATIONAL IMPACT 5) CULTURAL TOURISM 3) EFFECTIVE/ACCOUNTABLE MANAGEMENT SEE SCHEDULE O FOR CONTINUED PROGRAM SERVICE ACCOMPLISHMENTS.IN ADDITION, THE GRANTEES MAKE PRESENTATIONS TO THE COMMISSION AND PROMOTE THEIR ACTIVITIES. THE COMMISSION REVIEWS ALL ASPECTS OF THE ORGANIZATION BEFORE APPROVING GRANTS.

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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 $13,896,549

Program Service Revenue $2,600

Investment Income $1,049,636

Other Revenue $52,106

TOTAL REVENUE $15,000,891

Expense Breakdown

Grants Paid $10,247,052

Salaries & Benefits $1,767,615

Fundraising Expenses $0

Program Expenses $12,663,358

Other Expenses $1,468,618

TOTAL EXPENSES $13,483,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,000,891	$11,477,109	+0.3%
Expenses	$13,483,285	$12,460,159	+0.1%
Net Income	$1,517,606	$-983,050	-2.5%

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

$482,755

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSALIND JOHNSON	CHAIR	1.00	Officer Director	$0	$0	$0
JERRY GENNARIA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN H RUSSELL	TREASURER	1.00	Officer Director	$0	$0	$0
CONSTANTINO OCHOA	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT ARBUTHNOT	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA CARTER ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER CORCORAN	DIRECTOR	1.00	Director	$0	$0	$0
SAM FIORELLO	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
BEVERLY ISOM	DIRECTOR	1.00	Director	$0	$0	$0
MONT LEVY	DIRECTOR	1.00	Director	$0	$0	$0
RUDOLPH NICKENS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA PURNELL	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
CHERYL DS WALKER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CARL WILSON	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA COOKSEY	PRESIDENT & CEO	40.00	Officer	$196,253	$28,652	$224,905
ANTHONY CHANCE THRU 0424	VP OF FINANCE AND OPERATIONS	40.00	Officer	$67,947	$13,079	$81,026
ANGELA PETERS	VP OF GROWTH AND DEVELOPMENT	40.00	Officer	$153,962	$22,862	$176,824

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	$15,000,891	$13,483,285	$9,242,757	$1,517,606
2023	$11,477,109	$12,460,159	$13,715,122	$-983,050
2022	$7,200,123	$3,630,236	$7,736,397	$3,569,887
2021	$4,539,915	$3,142,620	$5,092,606	$1,397,295
2020	$3,047,854	$4,290,882	$4,264,894	$-1,243,028
2019	$7,002,374	$7,114,458	$6,483,487	$-112,084
2018	$6,535,322	$6,646,263	$6,646,136	$-110,941

REGIONAL CULTURAL AND PERFORMING ARTS DEVELOPMENT COMMISSION