RIVERS INSTITUTE

EIN: 842899785 501(c)(3) Arts, Culture & Humanities

NEW ORLEANS, LA

Total Revenue
$931,004
Total Expenses
$820,355
Total Assets
$472,415
Net Assets
$453,340
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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
2020
Legal Domicile
LA
Principal Officer
ANDREA ANDERSSON
Phone
9178621692
Tax Period
2024-01-01 to 2024-12-31

RIVERS INSTITUTE, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $931K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $820K left a modest 12% surplus.

Mission

RIVERS INSTITUTE FOR CONTEMPORARY ART & THOUGHT COMMITS TO MIGRATIONAL IMAGINATIONS. BASED IN NEW ORLEANS, A PLACE PREDICATED UPON AND CONSIGNED TO FUTURES OF DISPLACEMENT, OUR PROGRAM IS ROOTED IN BOTH THE PRECARITY AND JOY OF LANDSCAPE AND COMMUNITY. WE WELCOME ARTISTS FROM AROUND THE WORLD INTO EXTENDED FELLOWSHIP AND PROJECT DEVELOPMENT. AND THROUGH OUR CAREFULLY CULTIVATED NETWORK OF PARTNERS, WE REALIZE AND SHARE BOOKS, EXHIBITIONS, PERFORMANCES AND EXPLORE NEW FORMS OF DISTRIBUTION WITH COMMUNITITES GLOBALLY. THROUGH MULTI-YEAR COMMITMENTS WITH RIGOROUS AND ADVENTUROUS ARTISTS, WE SUPPORT THE DEVELOPMENT OF INNOVATIVE AND MULTI-PLATFORM WORKS AND SEE TO THEIR WIDE AND DEEP CIRCULATION.

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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 $928,500
Program Service Revenue $2,504
Investment Income $0
Other Revenue $0
TOTAL REVENUE $931,004

Expense Breakdown

Grants Paid $30,055
Salaries & Benefits $460,558
Fundraising Expenses $114,659
Program Expenses $529,404
Other Expenses $329,742
TOTAL EXPENSES $820,355

Year-over-Year Comparison

2024 2023 Change
Revenue $931,004 $777,535 +0.2%
Expenses $820,355 $684,789 +0.2%
Net Income $110,649 $92,746 +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

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Governance

Voting Members
9
Independent Members
9
Employees
4
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM HAWF CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JULIA VLOCK TREASURER 1.00
Officer Director
$0 $0 $0
AYESHA WILLIAMS SECRETARY 1.00
Officer Director
$0 $0 $0
BEN SONTHEIMER BOARD MEMBER 1.00
Director
$0 $0 $0
GARDY ST FLEUR BOARD MEMBER 1.00
Director
$0 $0 $0
SETH STOLBUN BOARD MEMBER 1.00
Director
$0 $0 $0
JEREMY TOUSSAINT-BAPTISTE BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW WOOD BOARD MEMBER 1.00
Director
$0 $0 $0
KATHERINE LAURICELLA AINSLEY BOARD MEMBER 1.00
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
2024 $931,004 $820,355 $472,415 $110,649
2023 $777,535 $684,789 $350,480 $92,746
2022 $553,139 $540,573 $261,594 $12,566
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