THE RYE ARTS CENTER INC (EIN 510243575) - 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

1960

Legal Domicile

Principal Officer

THOMAS STOKES

Phone

9149670700

Tax Period

2024-07-01 to 2025-06-30

THE RYE ARTS CENTER INC, founded in 1960, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024.

Mission

TO INSPIRE INTEREST & MAXIMUM PARTICIPATION IN THE ARTS IN WESTCHESTER, NY & SURROUNDING 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $764,374

Program Service Revenue $856,748

Investment Income $35,723

Other Revenue $61,211

TOTAL REVENUE $1,718,056

Expense Breakdown

Grants Paid $500

Salaries & Benefits $815,825

Fundraising Expenses $227,379

Program Expenses $1,339,670

Other Expenses $916,690

TOTAL EXPENSES $1,733,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,718,056	$1,768,491	0.0%
Expenses	$1,733,015	$1,652,922	+0.0%
Net Income	$-14,959	$115,569	-1.1%

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

300

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

$130,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS STOKES	PRESDIENT	10.00	Officer Director	$0	$0	$0
ARIEL ECKSTEIN	VP AND STRATEGIC PLANNING CO-CHAIR	6.00	Officer Director	$0	$0	$0
TINA EXARHOS	VP AND PERSONNELL CHAIR	6.00	Officer Director	$0	$0	$0
SONIA HOUNSEL	CO-SECRETARY	6.00	Officer Director	$0	$0	$0
AMY VIJAYANAGAR	CO-SECRETARY	6.00	Officer Director	$0	$0	$0
JOE DEVITA	TREASURER	6.00	Officer Director	$0	$0	$0
HAYLEY NIVELLE	GOVERNANCE CO-CHAIR	6.00	Officer Director	$0	$0	$0
RITA TINA-LONGO	GOVERNANCE CO-CHAIR	6.00	Officer Director	$0	$0	$0
MICHAEL COLLINS	STRATEGIC PLANNING CO -CHAIR	6.00	Officer Director	$0	$0	$0
JUDITH PASSANNANTE	DEVELOPMENT CO-CHAIR	6.00	Officer Director	$0	$0	$0
WHITNEY WHIPPLE	MARKETING CHAIR	6.00	Officer Director	$0	$0	$0
KEITH CUNNINGHAM	BOARD	2.00	Director	$0	$0	$0
ANIA DUNLOP	BOARD	2.00	Director	$0	$0	$0
MICHELLE FROAH	BOARD	2.00	Director	$0	$0	$0
SHAMI KIMI	BOARD	2.00	Director	$0	$0	$0
EILEEN NEIMAN	BOARD	2.00	Director	$0	$0	$0
JENNIFER SANDLING	BOARD	2.00	Director	$0	$0	$0
KICKI STORM	BOARD	2.00	Director	$0	$0	$0
HEATH ABRAMSOHN	BOARD	2.00	Director	$0	$0	$0
SIMONE BONNET	BOARD	2.00	Director	$0	$0	$0
ADAM LEVI	EXECUTIVE DIRECTOR	40.00	Officer	$130,000	$0	$130,000
ALLISON WEST	DIRECTOR OF DEVELOPMENT	40.00	Highest	$137,500	$10,000	$147,500

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	$1,718,056	$1,733,015	$2,802,848	$-14,959
2024	No data	No data	No data	No data
2023	$3,224,162	$1,727,622	$2,679,586	$1,496,540
2022	$1,492,948	$1,364,420	$1,216,689	$128,528
2021	$1,148,248	$1,059,994	$1,190,647	$88,254
2020	$1,096,901	$1,157,885	$983,037	$-60,984
2019	$1,312,847	$1,302,049	$980,987	$10,798

THE RYE ARTS CENTER INC