RIVERVIEWS

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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

1994

Legal Domicile

Principal Officer

TRACEY LANGSETH

Phone

4348477277

Tax Period

2025-01-01 to 2025-12-31

RIVERVIEWS, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $137K in total revenue in fiscal year 2025. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $339K exceeded revenue, resulting in a 147% operating deficit.

Mission

CREATING SPACES WHERE CONTEMPORARY ART INSPIRES CONNECTION, SPARKS CREATIVITY, AND FOSTERS INNOVATION.

Program Service Accomplishments

Program 1

Expenses: $319,645 Revenue: $52,253

RIVERVIEWS ARTSPACE IS CENTRAL VIRGINIA'S HOME FOR CONTEMPORARY ART, WHERE GALLERIES, ARTIST STUDIOS, AND PUBLIC PROGRAMMING CONVERGE TO MAKE AMBITIOUS CONTEMPORARY WORK FREELY AND BROADLY ACCESSIBLE TO FAMILIES, STUDENTS, WORKING ARTISTS, AND THE GENERAL PUBLIC. IN 2025, TWELVE EXHIBITIONS DREW MORE THAN 1,659 GALLERY VISITORS AND OVER 1,800 ATTENDEES TO FREE AND LOW-COST PUBLIC EVENTS - INCLUDING A SOLD-OUT PUBLIC CONVERSATION WITH TWO-TIME CALDECOTT MEDALIST SOPHIE BLACKALL THAT BROUGHT FAMILIES, READERS, AND COLLECTORS FROM ACROSS THE REGION INTO THE GALLERY. WORKING ARTIST STUDIOS ANCHOR A GROWING COMMUNITY OF REGIONAL ARTISTS, PROVIDING AFFORDABLE SPACE AND PROFESSIONAL CONNECTION THAT STRENGTHENS THE CREATIVE ECONOMY OF CENTRAL VIRGINIA. THE ARTIST RESIDENCY PROGRAM DEEPENS THIS WORK, SUPPORTING SUSTAINED STUDIO PRACTICE AND CURATORIAL LEADERSHIP FROM BOTH ESTABLISHED AND EMERGING ARTISTS. EDUCATIONAL AND COMMUNITY PARTNERSHIPS WITH LYNCHBURG PUBLIC LIBRARY, JAMES RIVER DAY SCHOOL, VIRGINIA EPISCOPAL SCHOOL, HILL CITY MONTESSORI, RANDOLPH COLLEGE, CENTRAL VIRGINIA COMMUNITY COLLEGE, E.C. GLASS HIGH SCHOOL, AND THE VIRGINIA CENTER FOR THE CREATIVE ARTS EXTEND RIVERVIEWS' REACH TO CHILDREN, STUDENTS, WORKING ARTISTS, AND LIFELONG LEARNERS ACROSS THE REGION. THROUGH THESE ACTIVITIES, RIVERVIEWS CONTINUES TO POSITION CONTEMPORARY ART AS A CATALYST FOR CREATIVITY, EDUCATION, AND COMMUNITY CONNECTION IN LYNCHBURG AND BEYOND.

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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 (2025)

Revenue Breakdown

Contributions & Grants $62,405

Program Service Revenue $39,638

Investment Income $21,928

Other Revenue $13,335

TOTAL REVENUE $137,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,032

Fundraising Expenses $757

Program Expenses $319,645

Other Expenses $179,971

TOTAL EXPENSES $339,003

Year-over-Year Comparison

	2025	2024	Change
Revenue	$137,306	$1,210,173	-0.9%
Expenses	$339,003	$370,027	-0.1%
Net Income	$-201,697	$840,146	-1.2%

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

$75,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH STROUD	INTERIM CHAIR	3.00	Officer Director	$0	$0	$0
TIM SMITH	VICE PRESIDENT & INTERIM SECRETARY	5.00	Officer Director	$0	$0	$0
STACY EVANS	TREASURER	5.00	Officer Director	$0	$0	$0
MARK BURGIN	DIRECTOR	3.00	Director	$0	$0	$0
MICHELE FREDERICKS	DIRECTOR	3.00	Director	$0	$0	$0
FARAH MARKS	DIRECTOR	3.00	Director	$0	$0	$0
LIZA TWERY MCANGUS	DIRECTOR	3.00	Director	$0	$0	$0
SETH TWERY	DIRECTOR	3.00	Director	$0	$0	$0
TY TOEPKE	DIRECTOR	3.00	Director	$0	$0	$0
JENN LINDSAY	FORMER CHAIR - RESIGNED MAY 2025	5.00	Officer Director	$0	$0	$0
JANELLE GALBRAITH	FORMER SECRETARY - RESIGNED DECEMBER 2025	5.00	Officer Director	$0	$0	$0
TRACEY LANGSETH	EXECUTIVE DIRECTOR	40.00	Officer	$75,750	$0	$75,750

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	$137,306	$339,003	$1,759,710	$-201,697
2024	$1,210,173	$370,027	$1,940,951	$840,146
2023	$144,144	$272,785	$1,119,425	$-128,641
2022	$210,103	$322,007	$1,198,128	$-111,904
2021	$225,772	$310,728	$1,348,650	$-84,956
2020	$282,972	$317,121	$1,407,238	$-34,149
2019	$314,146	$379,796	$1,489,390	$-65,650
2018	$284,332	$366,835	$1,581,666	$-82,503