RIVER PLACE

EIN: 843533780 501(c)(3) Arts, Culture & Humanities

WARROAD, MN

Total Revenue
$1,321,440
Total Expenses
$891,133
Total Assets
$30,379,267
Net Assets
$30,127,122
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MN
Principal Officer
BRENDA BAUMANN
Phone
2189860001
Tax Period
2024-01-01 to 2024-12-31

RIVER PLACE, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $430K, a strong 33% operating margin.

Mission

WARROAD RIVERPLACE IS A 501(C)(3) NON-PROFIT ORGANIZATION WITH THE MISSION TO BECOME A WELCOMING PLACE FOR EVERYONE AND A WAY OF LIFE THAT WILL PROMOTE INSPIRED LIVING THROUGH CREATIVE EXPRESSION, ART EDUCATION, HUMAN CONNECTEDNESS, AND APPRECIATION FOR BEAUTY THROUGHOUT THE ENTIRE REGION.

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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 $829,842
Program Service Revenue $0
Investment Income $490,097
Other Revenue $1,501
TOTAL REVENUE $1,321,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $316,963
Fundraising Expenses $0
Program Expenses $177,423
Other Expenses $574,170
TOTAL EXPENSES $891,133

Year-over-Year Comparison

2024 2023 Change
Revenue $1,321,440 $7,532,655 -0.8%
Expenses $891,133 $317,607 +1.8%
Net Income $430,307 $7,215,048 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
9
Volunteers
11

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
$171,075
Total Directors
12
$4,597
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM PROVANCE BOARD MEMBER (UNTIL 11/4/24) 1.00
Director
$4,597 $0 $4,597
CRAIG ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARK BERTILRUD BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY FISHER BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARETTE MARVIN BOARD MEMBER 1.00
Director
$0 $0 $0
CARMEN NORMAN PARSLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JAY PELLAND BOARD MEMBER 1.00
Director
$0 $0 $0
GABE HARREN BOARD MEMBER 1.00
Director
$0 $0 $0
BRENDA BAUMANN PRESIDENT 1.00
Officer Director
$0 $0 $0
PAUL MARVIN CHAIR 1.00
Officer Director
$0 $0 $0
JENNA AMBROSIUS SECRETARY 1.00
Officer Director
$0 $0 $0
RAY MUSGROVE TREASURER 1.00
Officer Director
$0 $0 $0
JOHN DAVIS EXECUTIVE DIRECTOR 40.00
Officer
$171,075 $0 $171,075
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 $1,321,440 $891,133 $30,379,267 $430,307
2023 $7,532,655 $317,608 $30,892,255 $7,215,047
2023 $7,532,655 $317,607 $30,892,256 $7,215,048
2022 $4,445,848 $135,023 $21,806,614 $4,310,825
2022 $4,445,846 $135,021 $21,806,614 $4,310,825
2021 $17,598,765 $10,823 $18,147,383 $17,587,942
2019 $550,000 $9,277 $540,723 $540,723
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