RIVERSIDE AVONDALE PRESERVATION INC

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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

1974

Legal Domicile

Principal Officer

SHANNON BLANKINSHIP

Phone

9043892449

Tax Period

2024-01-01 to 2024-12-31

RIVERSIDE AVONDALE PRESERVATION INC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 17% operating margin.

Mission

RIVERSIDE AVONDALE PRESERVATION IS THE LEAD ADVOCATE AND FACILITATOR FOR RIVERSIDE AVONDALE HISTORIC NEIGHBORHOODS, VIBRANT LOCAL COMMERCIAL DISTSTRICTS, PUBLIC SPACES, AND WELCOMING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $473,266

ART MARKET/HOME TOUR/LUMINARIA THE RIVERSIDE ARTS MARKET IS A WEEKLY COMMUNITY MARKET, OPEN TO THE GENERAL PUBLIC, THAT CREATES A STOREFRONT FOR HUNDREDS OF SMALL BUSINESSES, ARTISTS, MAKERS AND...

ART MARKET/HOME TOUR/LUMINARIA THE RIVERSIDE ARTS MARKET IS A WEEKLY COMMUNITY MARKET, OPEN TO THE GENERAL PUBLIC, THAT CREATES A STOREFRONT FOR HUNDREDS OF SMALL BUSINESSES, ARTISTS, MAKERS AND FARMERS OF JACKSONVILLE, THE HOME TOUR CELEBRATES HISTORIC HOMES, UNIQUE ARCHITECTURE, AND RESTORATION WITH FEATURED HOMES AVAILABLE TO THE COMMUNITY TO WALK THROUGH AND EXPERIENCE. LUMINARIA IS A HOLIDAY TRADITION IN OUR NEIGHBORHOOD BRINGING NEIGHBORS AND BUSINESSES TOGETHER WITH CANDLE LIT STREETS, PARKS, AND MONUMENTS.

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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 $397,456

Program Service Revenue $699,256

Investment Income $21,964

Other Revenue $16,743

TOTAL REVENUE $1,135,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $434,657

Fundraising Expenses $62,116

Program Expenses $473,266

Other Expenses $512,781

TOTAL EXPENSES $947,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,135,419	$875,825	+0.3%
Expenses	$947,438	$651,109	+0.5%
Net Income	$187,981	$224,716	-0.2%

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

500

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON BLANKINSHIP	EXECUTIVE DI	50.00	Officer	$0	$0	$0
JOHN SILVEIRA	MARKET DIREC	50.00	Director	$0	$0	$0
BROOKS ANDREWS	DIRECTOR	2.00	Director	$0	$0	$0
MELODY BISHOP	DIRECTOR	2.00	Director	$0	$0	$0
JIM BUSCH	DIRECTOR	2.00	Director	$0	$0	$0
ALLEGRA CAGIGAS	DIRECTOR	2.00	Director	$0	$0	$0
ALYSA CARMICHAEL	TREASURER	2.00	Officer Director	$0	$0	$0
GLENN CHANDLER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID CHAUNCEY	DIRECTOR	2.00	Director	$0	$0	$0
GILLIAN DAGAN	DIRECTOR	2.00	Director	$0	$0	$0
RANDY DEFOOR	DIRECTOR	2.00	Director	$0	$0	$0
SONDRA FETNER	DIRECTOR	2.00	Director	$0	$0	$0
JEFF GRAF	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR JOUDI	DIRECTOR	2.00	Director	$0	$0	$0
JEFF LANE	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH LOFTIN	DIRECTOR	2.00	Director	$0	$0	$0
PERRY REYNOLDS	CHAIR	2.00	Officer Director	$0	$0	$0
ALEXANDRA RUDNICK	DIRECTOR	2.00	Director	$0	$0	$0
BEN WHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAY ZEIGLER	DIRECTOR	2.00	Director	$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	No data	No data	No data	No data
2024	$1,135,419	$947,438	$1,284,913	$187,981
2023	$875,825	$651,109	$1,043,524	$224,716
2022	$631,801	$502,822	$835,765	$128,979
2021	$526,972	$435,254	$681,409	$91,718
2020	$537,437	$346,634	$612,403	$190,803
2019	$506,329	$475,079	$426,168	$31,250
2018	$498,380	$467,199	$416,882	$31,181