RIVER CITY DRUM CORP CULTURAL ARTS INSTITUTE INC (EIN 550820407) - 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

2002

Legal Domicile

Principal Officer

Damian Thompson

Phone

5027727660

Tax Period

2024-01-01 to 2024-12-31

RIVER CITY DRUM CORP CULTURAL ARTS INSTITUTE INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $112K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 56% operating deficit.

Mission

TOP PROVIDE CULTRALLY ENRICHING EXPERIENCES, TUTORING AND MENTORING SERVICES TO YOUTH

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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 $98,000

Program Service Revenue $13,932

Investment Income $0

Other Revenue $0

TOTAL REVENUE $111,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,037

Other Expenses $175,037

TOTAL EXPENSES $175,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,932	$222,737	-0.5%
Expenses	$175,037	$204,694	-0.1%
Net Income	$-63,105	$18,043	-4.5%

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

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

Total Directors

Key Employees

$44,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROME BAKER	EXECUTIVE DIRECTOR	040.00	Key Emp	$44,500	$0	$44,500
LYNN RIPPY	DIRECTOR	002.00	Director	$0	$0	$0
CHARLES W DOBBINS JR	DIRECTOR	002.00	Director	$0	$0	$0
MARJORIE DUNN	DIRECTOR	002.00	Director	$0	$0	$0
DAMIAN THOMPSON	BOARD CHAIR	005.00	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
2024	$111,932	$175,037	$262,730	$-63,105
2023	$222,737	$204,694	$325,835	$18,043
2022	No data	No data	No data	No data
2021	$255,756	$188,651	$236,852	$67,105

RIVER CITY DRUM CORP CULTURAL ARTS INSTITUTE INC