RIVER AND RAIL THEATRE COMPANY

EIN: 472489844 501(c)(3) Arts, Culture & Humanities

KNOXVILLE, TN

Total Revenue
$1,506,583
Total Expenses
$951,242
Total Assets
$2,302,442
Net Assets
$213,011
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
TN
Principal Officer
KENNETH HERRING
Phone
8654070727
Tax Period
2024-07-01 to 2025-06-30

RIVER AND RAIL THEATRE COMPANY, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $555K, a strong 37% operating margin.

Mission

THROUGH THE POWER AND BEAUTY OF THEATRE, WE SEEK TO UNITE PEOPLE FROM ALL BACKGROUNDS TO EXPERIENCE AND PARTICIPATE IN STORIES THAT EMBODY OUR SHARED HUMANITY.

Program Service Accomplishments

Program 1
Expenses: $442,662 Revenue: $75,137

THEATRICAL PRODUCTIONS DURING MAINSTAGE 2024-2025 SEASON:-OUR TOWN BY THORNTON WILDER-IT'S A WONDERFUL LIFE: A LIVE RADIO PLAY ADAPTED BY JOE LANDRY -LADY DAY AT EMERSON'S BAR AND GRILL BY LANIE...

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THEATRICAL PRODUCTIONS DURING MAINSTAGE 2024-2025 SEASON:-OUR TOWN BY THORNTON WILDER-IT'S A WONDERFUL LIFE: A LIVE RADIO PLAY ADAPTED BY JOE LANDRY -LADY DAY AT EMERSON'S BAR AND GRILL BY LANIE ROBERTSON -STUCK ELEVATOR BY BYRON AU YONG AND AARON JAFFERISEDUCATIONAL PROGRAMMING:RIVER & RAIL ENGAGED IN EDUCATIONAL PROGRAMS WITH MANY KNOXVILLE AREA PARTNERS INCLUDING PELLISSIPPI STATE COMMUNITY COLLEGE, L&N STEM ACADEMY, AND TN ACHIEVES, EXPOSING YOUNG PEOPLE TO PROFESSIONAL PERFORMING ARTS WORKING ENVIRONMENTS.

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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 $87,575
Program Service Revenue $129,408
Investment Income $1,267,564
Other Revenue $22,036
TOTAL REVENUE $1,506,583

Expense Breakdown

Grants Paid $0
Salaries & Benefits $435,111
Fundraising Expenses $149,478
Program Expenses $442,662
Other Expenses $516,131
TOTAL EXPENSES $951,242

Year-over-Year Comparison

2024 2023 Change
Revenue $1,506,583 $518,844 +1.9%
Expenses $951,242 $866,319 +0.1%
Net Income $555,341 $-347,475 -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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
3
Volunteers
20

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
3
$0
Total Directors
6
$198,667
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA PETERSON FOUNDING ARTISTIC DIRECTOR 40.00
Director
$101,176 $0 $101,176
TYLER HAYS DIRECTOR 0.00
Director
$0 $0 $0
DAVID BROWN DIRECTOR 0.00
Director
$0 $0 $0
KENNETH HERRING DIRECTOR 40.00
Director
$97,491 $0 $97,491
HARRISON BOYD DIRECTOR 0.00
Director
$0 $0 $0
ROBERT PARKER JENKINS DIRECTOR 0.00
Director
$0 $0 $0
DEAVER SHATTUCK PRESIDENT 0.00
Officer
$0 $0 $0
AMBER CRANE VICE PRESIDENT 0.00
Officer
$0 $0 $0
KATY WOLFE SECRETARY 0.00
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 $1,506,583 $951,242 $2,302,442 $555,341
2024 $518,844 $866,319 $1,246,226 $-347,475
2023 $825,616 $827,104 $1,416,606 $-1,488
2022 $348,642 $712,931 $1,007,387 $-364,289
2021 $441,751 $426,674 $1,046,323 $15,077
2019 $438,007 $326,605 $951,390 $111,402
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