RICHARDS INSTITUTE OF EDUCATION RE… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

MARIE BUTLER

Phone

7076373166

Tax Period

2023-09-01 to 2024-08-31

RICHARDS INSTITUTE OF EDUCATION RESEARCH, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $214K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

OFFERING A REFRESHINGLY DIFFERENT WAY TO APPROACH LEARNING, EDUCATION THROUGH MUSIC (ETM) FREES ADULTS TO TEACH AND PARENT IN ACCORDANCE WITH THE JOYFUL NATURE OF CHILDREN. THROUGH SONG AND PLAY, ETM PROVIDES A GATEWAY FOR CONTEMPORARY UNDERSTANDING OF LEARNING, MOTIVATION, CHILD THEORY AND COGNATIVE DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $135,128 Revenue: $142,711

THE RICHARDS INSTITUTE CONDUCTS COURSES FOR TEACHERS, MUSIC EDUCATORS, PARENTS, SPEECH AND LANGUAGE PATHOLOGISTS, PSYCHOLOGISTS, PEDIATRICANS, AND OTHER PROFESSIONALS IN EDUCATION IN SEVERAL STATES ACROSS THE COUNTRY. THESE WINTER AND SUMMER COURSES REACH APPROXIMATELY 550 ADULTS EVERY YEAR, AFFECTING THE LIVES OF THOUSANDS OF CHILDREN IN THE AREAS OF EMOTIONAL STABILIZATION, COGNITIVE FUNCTIONING, ENHANCED LANGUAGE SKILLS, AND INCREASED MOVEMENT AND SENSORY-MOTOR AWARENESS. THESE ARE ACHIEVED THROUGH PLAY AND AESTHETIC EXPERIENCE IN THE EDUCATION THROUGH MUSIC SONG EXPERIENCES.

Program 2

Expenses: $39,711 Revenue: $35,678

THE RICHARDS INSTITUTE CONDUCTS WEEK-LONG SUMMER INTEGRATED ARTS DAY CAMP (SONG/PLAY, VISUAL ART, STORYTELLING AND CREATION) AIMED AT SPONSORING THE EMERGENT IMAGINATION - AND THUS THE INTELLIGENCE, ACCORDING TO NARCOSYNTHESIS - WHICH INCLUDE ANY NUMBER OF AT-RISK AND SPECIAL NEEDS POPULATIONS DRAWN FROM VARIOUS GEOGRAPHIC LOCALES (CALIFORNIA), DIVERSE NORTHERN/CENTRAL EUROPEAN IMMIGRANT), DIVERSE SOCIO-ECONOMIC SETTINGS FOR UP TO 400 PERSONS PER SUMMER. GRANT MONIES FOR PARTICIPANTS ARE APPLIED DIRECTLY TO THE PARTICIPANTS THROUGH NO THIRD-PARTY INTERMEDIARY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,629

Program Service Revenue $178,389

Investment Income $2,829

Other Revenue $4,934

TOTAL REVENUE $213,781

Expense Breakdown

Grants Paid $8,411

Salaries & Benefits $105,701

Fundraising Expenses $0

Program Expenses $174,839

Other Expenses $115,302

TOTAL EXPENSES $229,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,781	$236,202	-0.1%
Expenses	$229,414	$265,714	-0.1%
Net Income	$-15,633	$-29,512	-0.5%

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

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

$44,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE BUTLER	EXECUTIVE DI	40.00	Officer	$44,000	$0	$44,000
KRIS RYSKAMP	PRESIDENT	1.00	Officer Director	$0	$0	$0
MELANIE OLSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
THOMAS RHEIN	TREASURER	1.00	Officer Director	$0	$0	$0
KARINSA MOLINE	SECRETARY	1.00	Officer Director	$0	$0	$0
TREVOR PERSENAIRE	MEMBER	1.00	Director	$0	$0	$0
ANNA NELSON	MEMBER	1.00	Director	$0	$0	$0
RANDAL MCCHESNEY	MEMBER	1.00	Director	$0	$0	$0
LYNN ONEIL	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
2025	No data	No data	No data	No data
2024	$213,781	$229,414	$204,962	$-15,633
2023	$236,202	$265,714	$246,255	$-29,512
2022	$221,141	$195,098	$213,442	$26,043
2021	$98,815	$109,524	$205,129	$-10,709
2020	$151,365	$136,426	$210,556	$14,939
2019	$264,992	$281,183	$86,644	$-16,191
2018	$255,481	$231,401	$116,531	$24,080

RICHARDS INSTITUTE OF EDUCATION RESEARCH