RUM RIVER ART INC (EIN 455548481) - 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

Phone

7633238830

Tax Period

2023-01-01 to 2023-12-31

RUM RIVER ART INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $526K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $494K left a modest 6% surplus.

Mission

PROVIDE ART ENRICHMENT PROGRAMS TO HOMESCHOOL CHILDREN AND AFTER SCHOOL ART ENRICHMENT PROGRAMS FOR YOUTH AND ADULTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $99,635

Program Service Revenue $409,818

Investment Income $3,334

Other Revenue $12,989

TOTAL REVENUE $525,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,070

Fundraising Expenses $0

Program Expenses $494,408

Other Expenses $195,338

TOTAL EXPENSES $494,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,776	$449,263	+0.2%
Expenses	$494,408	$384,339	+0.3%
Net Income	$31,368	$64,924	-0.5%

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

Total Directors

$72,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAKILYN KOEP	EXECUTIVE DIRECTOR	40.00	Director	$40,000	$0	$40,000
LARRY WEINBERG	DIRECTOR	20.00	Director	$16,250	$0	$16,250
SUSAN YEE	OFFICER	20.00	Director	$16,250	$0	$16,250

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	No data	No data	No data	No data
2023	$525,776	$494,408	$234,256	$31,368
2022	$449,263	$384,339	$187,854	$64,924
2021	$327,889	$321,407	$125,631	$6,482
2020	$295,018	$235,944	$124,767	$59,074
2019	$220,638	$215,831	$42,721	$4,807

RUM RIVER ART INC