PRINCETON, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE RIFFRAFF ARTS COLLECTIVE INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $880K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $260K, a strong 30% operating margin.
RIFFRAFF ARTS COLLECTIVE INSPIRES, EMPOWERS AND PROMOTES THE ARTS AND CREATIVITY IN DOWNTOWN PRINCETON, SOUTH WV, AND THE APPALACHIAN REGION. RRAC ENABLES CREATIVE GROWTH BY PROVIDING SPACE, TOOLS AND RESOURCES TO ARTISTS OF ALL TYPES INCLUDING BUT NOT LIMITED TO VISUAL, PERFORMING, LITERARY AND HEALING ARTISTS, SMALL BUSINESS OWNERS AND CREATIVE PEOPLE OF ALL AGES. RRAC OPENS THE DOORS TO CREATIVE COMMUNITY TRANSFORMATION BY CONNECTING ARTISTS WITH LOCAL GOVERNMENT, CHAMBERS OF COMMERCE, THE BUSINESS COMMUNITY AND COMMUNITY AT LARGE, AND DEPLOYS CREATIVE ACTION FROM WITH THE SPACE IT OCCUPIES TO THE WORLD AROUND IT. RRAC ENABLES EDUCATIONAL OPPORTUNITIES FOR CREATIVE PEOPLE OF ALL AGES, WITHA PARTICULAR EMPHASIS ON YOUTH. RRAC BELIEVES IN THE POWER AND ABILITY OF MUSIC AND THE ARTS TO PROMOTE GROWTH AND TRANSFORMATION, BOTH PERSONALLY AND EXTERNALLY, AND SEEKS TO PROMOTE CHANGE AND ULTIMATELY, POSITIVE TRANSFORMATION OF PEOPLE, SPACES, AND PLACES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $880,365 | $497,318 | +0.8% |
| Expenses | $620,081 | $429,215 | +0.4% |
| Net Income | $260,284 | $68,103 | +2.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KENT SPELLMAN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HENRY JONES | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR TIM MAINLAND | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK BURKE | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATTY GRAHAM | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ARY'AN GRAHAM | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LORI MCKINNEY | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$60,809 | $0 | $121,618 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $880,365 | $620,081 | $670,577 | $260,284 |
| 2022 | $497,318 | $429,215 | $711,118 | $68,103 |
| 2021 | $542,325 | $369,381 | $643,017 | $172,944 |
| 2020 | $333,840 | $195,793 | $170,073 | $138,047 |
Compare THE RIFFRAFF ARTS COLLECTIVE INC with other nonprofits in West Virginia and across the country.