Redding, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Advance Redding, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $472K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 274% operating deficit.
To advance economic growth, entertainment opportunities and cultural activities in the greater redding area through the maintenance, management and operation of the Redding convention center.
Advance Redding carried out general community programming and organizational support activities including marketing and promotion of community events, facilities management of the Redding Civic...
Advance Redding carried out general community programming and organizational support activities including marketing and promotion of community events, facilities management of the Redding Civic Auditorium, technical production support, and community outreach. The organization also made charitable contributions totaling $8,000 to support community causes. Additionally, the McConnell Foundation awarded Advance Redding a grant of $6,242 in support of lighting improvements at the Civic Auditorium facility.
During the fiscal year ended July 31, 2025, Advance Redding produced and managed 71 live events at the Redding Civic Auditorium, serving as the region's premier entertainment and community venue...
During the fiscal year ended July 31, 2025, Advance Redding produced and managed 71 live events at the Redding Civic Auditorium, serving as the region's premier entertainment and community venue. Programming included national touring concerts (Alabama, Sam Hunt, Slightly Stoopid & Dirty Heads, Bonnie Raitt, Dwight Yoakam & The Mavericks, Aaron Lewis, Alison Krauss, Death Cab for Cutie, and others), comedy shows, theatrical productions, family events, trade shows, graduations, banquets, community gatherings, and local rentals. These events attracted thousands of attendees from across the North State region, contributing significantly to the cultural vitality and local economy of the greater Redding area.
Advance Redding operated the River Rock Caf, a food and beverage concession located within the Redding Civic Auditorium. The caf provided food, beverage, and hospitality services to event attendees...
Advance Redding operated the River Rock Caf, a food and beverage concession located within the Redding Civic Auditorium. The caf provided food, beverage, and hospitality services to event attendees throughout the fiscal year, enhancing the overall guest experience and supporting the organization's venue operations.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $471,987 | $1,429,912 | -0.7% |
| Expenses | $1,767,454 | $1,854,917 | 0.0% |
| Net Income | $-1,295,467 | $-425,005 | +2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Nathan Parmelee | Marketing Director | 40.00 |
|
$137,428 | $14,594 | $152,022 |
| Julie Dyar | General Manager | 65.00 |
Officer
|
$126,658 | $7,416 | $134,074 |
| Kris Vallotton | President/Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Charles Harper | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Andy Mason | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Hope Seth | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Dan Morrow | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Deborah Chimenti | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Eric Hiatt | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $471,987 | $1,767,454 | $1,919,494 | $-1,295,467 |
| 2024 | $1,429,912 | $1,854,917 | $3,803,835 | $-425,005 |
| 2023 | $1,571,571 | $1,596,791 | $4,656,009 | $-25,220 |
| 2022 | $2,703,465 | $1,678,218 | $3,133,364 | $1,025,247 |
| 2021 | $1,642,422 | $1,259,643 | $1,835,974 | $382,779 |
| 2021 | $1,065,433 | $1,259,643 | $1,835,974 | $-194,210 |
| 2020 | $1,517,498 | $1,517,226 | $1,082,931 | $272 |
| 2019 | $1,573,038 | $1,730,965 | $1,217,518 | $-157,927 |
| 2018 | $1,963,155 | $1,789,423 | $1,224,759 | $173,732 |
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