River Arts District Artists Inc

EIN: 462690400 Arts, Culture & Humanities

Asheville, NC

Total Revenue
$25,896
Total Expenses
$60,272
Total Assets
$16,715
Net Assets
$16,715
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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

Legal Domicile
NC
Principal Officer
Jeffery Burroughs
Phone
8285452904
Tax Period
2024-01-01 to 2024-12-31

River Arts District Artists Inc is a micro nonprofit in the Arts, Culture & Humanities sector that reported $26K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 133% operating deficit.

Mission

Support of local artists

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,946
Program Service Revenue $13,950
Investment Income $0
Other Revenue $0
TOTAL REVENUE $25,896

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $55,272
TOTAL EXPENSES $60,272

Year-over-Year Comparison

2024 2023 Change
Revenue $25,896 $73,130 -0.6%
Expenses $60,272 $96,331 -0.4%
Net Income $-34,376 $-23,201 +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

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Governance

Voting Members
N/A
Independent Members
N/A
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TINA DEANGELO Secretary 0.00
Officer Director
$0 $0 $0
KIMBERLY S HUNDERTMARK Treasurer 0.00
Director
$0 $0 $0
JEFFREY BURROUGHS President 0.00
Director
$0 $0 $0
KEVIN A GIRIUNAS Vice President 0.00
Officer Director
$0 $0 $0
JACK HENRY Building Reps Chair 0.00
Director
$0 $0 $0
ANNIE KYLA BENNETT Vice President 0.00
Officer Director
$0 $0 $0
JULIE BELL Volunteer Coordinator 0.00
Officer Director
$0 $0 $0
NADINE CHARLESEN Connections Chair 0.00
Director
$0 $0 $0
HEIDI HOFFER Distribution Chair 0.00
Director
$0 $0 $0
HEATHER DUVOKY Marketing Chair 0.00
Director
$0 $0 $0
EMILIE WADE Social Media Chair 0.00
$0 $0 $0
RACHEL WYATT Membership Chair 0.00
$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 $25,896 $60,272 $16,715 $-34,376
2023 $73,130 $96,331 $51,091 $-23,201
2022 $89,452 $121,418 $74,292 $-31,966
2021 $90,630 $45,334 $60,962 $45,296
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