RICHMOND AREA ARTS COUNCIL INC (EIN 611168831) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

KATHERINE RHODUS

Phone

8596244242

Tax Period

2023-07-01 to 2024-06-30

RICHMOND AREA ARTS COUNCIL INC, founded in 1989, is a small nonprofit that reported $245K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $71K, a strong 29% operating margin.

Mission

ENHANCEMENT OF THE LOCAL ARTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,871

Program Service Revenue $54,411

Investment Income $115,695

Other Revenue $9,555

TOTAL REVENUE $244,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,294

Fundraising Expenses $0

Program Expenses $73,010

Other Expenses $103,218

TOTAL EXPENSES $173,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,532	$269,579	-0.1%
Expenses	$173,512	$168,805	+0.0%
Net Income	$71,020	$100,774	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$54,484

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY WESTBROOK	Executive Dir.	40.00	Director	$54,484	$0	$54,484
KATHERINE RHODUS	CHAIR	2.00	Officer Director	$0	$0	$0
STEVE GILLESPIE	Past Chair	1.00	Officer Director	$0	$0	$0
BRENDA UNDERWOOD	Treasurer	1.00	Officer Director	$0	$0	$0
BRENDA STRATMAN	Secretary	1.00	Officer Director	$0	$0	$0
RANDY WESTBROOK	EXEC. DIRECTOR	40.00		$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	$244,532	$173,512	$1,377,892	$71,020
2023	$269,579	$168,805	$1,306,829	$100,774
2022	$19,001	$139,094	$1,202,999	$-120,093
2021	$371,790	$115,253	$1,342,195	$256,537
2020	$171,179	$186,405	$1,087,548	$-15,226
2019	$255,914	$223,979	$1,115,239	$31,935
2018	$242,089	$447,078	$1,108,378	$-204,989

RICHMOND AREA ARTS COUNCIL INC