Richmond Art Center (EIN 946104204) - Form 990 Financial Analysis & Trantor Score

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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

1936

Legal Domicile

Principal Officer

Nettie Hoge

Phone

5106206772

Tax Period

2024-07-01 to 2025-06-30

Richmond Art Center, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 6% surplus.

Mission

To be a catalyst in Richmond for learning and living through art.

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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 (2024)

Revenue Breakdown

Contributions & Grants $938,480

Program Service Revenue $404,511

Investment Income $19,083

Other Revenue $23,354

TOTAL REVENUE $1,385,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $930,429

Fundraising Expenses $63,218

Program Expenses $906,414

Other Expenses $375,948

TOTAL EXPENSES $1,306,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,385,428	$1,154,476	+0.2%
Expenses	$1,306,377	$1,325,936	0.0%
Net Income	$79,051	$-171,460	-1.5%

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

$86,966

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jose Rivera	Executive Dir.	40.00	Officer	$86,966	$0	$86,966
Paul Collins	Member	4.00	Director	$0	$0	$0
Nettie Hoge	President	27.00	Officer Director	$0	$0	$0
Susan Moffat	Member	12.00	Director	$0	$0	$0
Amy Zheng	Treasurer	4.00	Officer Director	$0	$0	$0
Cristina Saavedra	Member	1.00	Director	$0	$0	$0
Tia Foss	Member	4.00	Director	$0	$0	$0
Amy Feitelberg	Member	1.00	Director	$0	$0	$0
Lina Velasco	Secretary	8.00	Officer Director	$0	$0	$0
John Boychuk	Vice President	4.00	Officer 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	$1,385,428	$1,306,377	$2,359,837	$79,051
2024	No data	No data	No data	No data
2023	$1,004,117	$1,300,824	$1,108,352	$-296,707
2022	$1,042,568	$966,685	$1,360,662	$75,883
2021	$1,118,190	$938,607	$1,438,736	$179,583
2020	$1,340,103	$1,451,495	$1,289,070	$-111,392
2019	$1,465,544	$1,451,243	$1,311,323	$14,301

Richmond Art Center