RIVERARTSFEST INC

EIN: 454274813 501(c)(3) Arts, Culture & Humanities

MEMPHIS, TN

Total Revenue
$300,641
Total Expenses
$463,371
Total Assets
$431,474
Net Assets
$423,302
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TN
Principal Officer
DAN FLICK
Tax Period
2025-01-01 to 2025-12-31

RIVERARTSFEST INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $301K in total revenue in fiscal year 2025. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $463K exceeded revenue, resulting in a 54% operating deficit.

Mission

CREATE ACCESS TO A BROAD ARRAY OF ART EXPERIENCES, NURTURE THE DEVELOPMENT AND UNDERSTANDING OF DIVERSE ART FORMS, AND ENCOURAGE THE EXPANDING DEPTH OF CULTURAL LIFE IN THE CITY OF MEMPHIS.

Program Service Accomplishments

Program 1
Expenses: $419,844 Revenue: $255,524

RIVERARTSFEST IS HELD EACH YEAR IN DOWNTOWN MEMPHIS TN SOUTH MAIN DISTRICT AND IS A TWO AND A HALF DAY STREET CELEBRATION OF THE VISUAL, PERFORMING, AND CULINARY ARTS WITH ATTRACTIONS AND ACTIVITIES...

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RIVERARTSFEST IS HELD EACH YEAR IN DOWNTOWN MEMPHIS TN SOUTH MAIN DISTRICT AND IS A TWO AND A HALF DAY STREET CELEBRATION OF THE VISUAL, PERFORMING, AND CULINARY ARTS WITH ATTRACTIONS AND ACTIVITIES FOR ALL AGES. THERE ARE OVER 175 ARTISTS FROM AROUND THE COUNTRY THAT GATHER TO EXHIBIT AND SELL THEIR WORKS OF ORIGINAL FINE ARTS IN WHAT HAS BECOME THE LARGEST OUTDOOR JURIED ARTIST MARKET AND URBAN STREET FESTIVAL IN THE REGION.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $34,961
Program Service Revenue $255,524
Investment Income $10,156
Other Revenue $0
TOTAL REVENUE $300,641

Expense Breakdown

Grants Paid $1,950
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $419,844
Other Expenses $461,421
TOTAL EXPENSES $463,371

Year-over-Year Comparison

2025 2024 Change
Revenue $300,641 $615,518 -0.5%
Expenses $463,371 $516,335 -0.1%
Net Income $-162,730 $99,183 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
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
14
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK MITCHELL BOARD MEMBER 1.00
Officer
$0 $0 $0
ANGELA LESS BOARD MEMBER 1.00
Officer
$0 $0 $0
CAROL WATKINS BOARD MEMBER 1.00
Officer
$0 $0 $0
JAMES WELLS BOARD MEMBER 1.00
Officer
$0 $0 $0
LEE ASKEW BOARD MEMBER 1.00
Officer
$0 $0 $0
DENISE FORD BOARD CHAIR 1.00
Officer
$0 $0 $0
DAN FLICK SECRETARY 1.00
Officer
$0 $0 $0
KELLEY MORICE BOARD MEMBER 1.00
Officer
$0 $0 $0
PORTIA JOHNSON BOARD MEMBER 1.00
Officer
$0 $0 $0
DON WILLIAMS TREASURER 1.00
Officer
$0 $0 $0
KIM WARNETTE BOARD MEMBER 1.00
Officer
$0 $0 $0
NYKESHA COLE BOARD MEMBER 1.00
Officer
$0 $0 $0
JORDAN EDMUNDSON BOARD MEMBER 1.00
Officer
$0 $0 $0
CLAY EBER Board Member 1.00
Officer
$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 $300,641 $463,371 $431,474 $-162,730
2024 $615,518 $516,335 $586,032 $99,183
2023 $437,809 $288,090 $489,549 $149,719
2022 $382,893 $269,641 $319,823 $113,252
2021 $160,433 $153,599 $255,334 $6,834
2020 $40,048 $70,124 $243,861 $-30,076
2019 $329,566 $384,318 $261,068 $-54,752
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