THE AVENUE CONCEPT INC

EIN: 810877541 501(c)(3) Arts, Culture & Humanities

PROVIDENCE, RI

Total Revenue
$903,619
Total Expenses
$1,041,147
Total Assets
$1,070,343
Net Assets
$1,060,922
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
RI
Principal Officer
YARROW THORNE
Phone
4014900929
Tax Period
2024-07-01 to 2025-06-30

THE AVENUE CONCEPT INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $904K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO BRING SUSTAINABLE PUBLIC ART TO RHODE ISLAND. SUPPORTING AND PROMOTING PUBLIC ART AND ARTISTS AMONG THE GENERAL PUBLIC AS WELL AS PROVIDING EDUCATIONAL PROGRAMS TO LOCAL YOUTH AND THE GENERAL PUBLIC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $501,361
Program Service Revenue $379,331
Investment Income $22,927
Other Revenue $0
TOTAL REVENUE $903,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $306,892
Fundraising Expenses $52,930
Program Expenses $918,121
Other Expenses $734,255
TOTAL EXPENSES $1,041,147

Year-over-Year Comparison

2024 2023 Change
Revenue $903,619 $1,157,523 -0.2%
Expenses $1,041,147 $1,044,570 0.0%
Net Income $-137,528 $112,953 -2.2%
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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Governance

Voting Members
10
Independent Members
10
Employees
5
Volunteers
15

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
5
$60,250
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMIE COELHO CHARIPERSON 2.00
Officer Director
$0 $0 $0
SILVERMOON LAROSE VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
JEFFREY TECHENTIN SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID LIENG TREASURER 2.00
Officer Director
$0 $0 $0
FRANCISCO LOVERA DIRECTOR 2.00
Director
$0 $0 $0
CHARLES DENBY II DIRECTOR 2.00
Director
$0 $0 $0
EDWARD LAWRENCE DIRECTOR 2.00
Director
$0 $0 $0
SHAWN VIVEIROS DIRECTOR 2.00
Director
$0 $0 $0
JILL WOODCOME DIRECTOR 2.00
Director
$0 $0 $0
YARROW THORNE EXECUTIVE DIRECTOR 40.00
Officer
$60,250 $0 $60,250
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 $903,619 $1,041,147 $1,070,343 $-137,528
2024 $1,157,523 $1,044,570 $1,215,581 $112,953
2023 $1,384,146 $1,034,120 $1,103,538 $350,026
2022 $1,015,072 $591,769 $743,669 $423,303
2021 $624,120 $610,825 $372,821 $13,295
2020 $573,623 $475,859 $309,731 $97,764
2019 $520,973 $508,581 $162,313 $12,392
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