RIVERSIDE MUSEUM ASSOCIATES

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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

1963

Legal Domicile

Principal Officer

RON PAQUETTE

Phone

9512009258

Tax Period

2024-07-01 to 2025-06-30

RIVERSIDE MUSEUM ASSOCIATES, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $108K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $153K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO CREATE COMMUNITY INTEREST IN, USE OF, AND SUPPORT FOR THE MUSEUM OF RIVERSIDE. ALSO TO PROMOTE INCREASED KNOWLEDGE AND UNDERSTANDING OF THE MUSEUM'S PURPOSES, SERVICES AND NEEDS AND TO ENCOURAGE SUITABLE GIFTS AND TO FOSTER SUPPORT FOR ITS DEVELOPMENT, OPERATION AND EXPANSION.

Program Service Accomplishments

Program 1

Expenses: $127,363

EXHIBIT PREPARATION AND CARE OF FACILITIES OF THE MUSEUM OF RIVERSIDE AND HERITAGE HOUSE FACILITIES.

Program 2

Expenses: $1,001

SUPPORT OF EDUCATIONAL AND MULTICULTURAL PROGRAMS TO PROMOTE THE MUSEUM OF RIVERSIDE.

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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 $69,918

Program Service Revenue $0

Investment Income $10,651

Other Revenue $27,916

TOTAL REVENUE $108,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,707

Program Expenses $128,364

Other Expenses $152,666

TOTAL EXPENSES $152,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,485	$79,052	+0.4%
Expenses	$152,666	$69,872	+1.2%
Net Income	$-44,181	$9,180	-5.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY BARNHART	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBIN WHITTINGTON	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
JUDY O'BIER	SECRETARY	5.00	Officer Director	$0	$0	$0
RON PAQUETTE	TREASURER	5.00	Officer Director	$0	$0	$0
CHUCK WILSON	VICE PRESIDENT	5.00	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	$108,485	$152,666	$724,546	$-44,181
2024	$79,052	$69,872	$750,947	$9,180
2023	$84,496	$30,422	$774,974	$54,074
2022	$163,256	$32,613	$700,954	$130,643
2021	$61,182	$32,383	$632,060	$28,799
2020	$31,955	$49,558	$540,901	$-17,603
2019	$41,963	$38,707	$572,775	$3,256