RIVERARTSFEST INC (EIN 454274813) - 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

2012

Legal Domicile

Principal Officer

DON WILLIAMS

Tax Period

2024-01-01 to 2024-12-31

RIVERARTSFEST INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $616K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 16% operating margin.

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

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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 $314,988

Program Service Revenue $267,523

Investment Income $33,007

Other Revenue $0

TOTAL REVENUE $615,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $468,553

Other Expenses $516,335

TOTAL EXPENSES $516,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,518	$437,809	+0.4%
Expenses	$516,335	$288,090	+0.8%
Net Income	$99,183	$149,719	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK MITCHELL	BOARD MEMBER	2.00	Officer	$0	$0	$0
ANGELA LESS	BOARD MEMBER	2.00	Officer	$0	$0	$0
CAROL WATKINS	BOARD MEMBER	2.00	Officer	$0	$0	$0
JAMES WELLS	BOARD MEMBER	2.00	Officer	$0	$0	$0
LEE ASKEW	BOARD MEMBER	2.00	Officer	$0	$0	$0
DENISE FORD	SECRETARY	2.00	Officer	$0	$0	$0
DAN FLICK	BOARD CHAIR	2.00	Officer	$0	$0	$0
KELLEY MORICE	BOARD MEMBER	2.00	Officer	$0	$0	$0
PORTIA JOHNSON	BOARD MEMBER	2.00	Officer	$0	$0	$0
DON WILLIAMS	TREASURER	2.00	Officer	$0	$0	$0
KIM WARNETTE	BOARD MEMBER	2.00	Officer	$0	$0	$0
NYKESHA COLE	BOARD MEMBER	2.00	Officer	$0	$0	$0
JORDAN EDMUNDSON	BOARD MEMBER	2.00	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
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

RIVERARTSFEST INC