Rivertowns Arts Council Inc
Nonprofit profile at a glance
- EIN
- 131980628
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Hastings on Hudson, NY, USA
- Phone
- 9144125103
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Council/Agency
Reported finances
- Revenue
- $536,640
- Expenses
- $545,993
- Assets
- $236,459
- Liabilities
- $65,211
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- ECKA B FAULDS (EXECUTIVE DIRECTOR)
- KRISTIN MADDEN (President & CEO)
- LAUREN ORKUS (Vice President)
Highest reported compensation
- ECKA B FAULDS (EXECUTIVE DIRECTOR): $70,670 total reported compensation
- CLAUDIA KNAFO (MUSIC DIRECTOR): $25,195 total reported compensation
- TERRY JOSHI (EVENTS AND PRODUCTION MANAGER): $25,195 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Celebrating and cultivating the arts, riverarts presents a wide array of events and educational programs including visual arts, dance, music, summer camps and two multi-village all day arts tours in the lower hudson valley.
What it reported doing in 2024
Riverarts produces multi-disciplinary arts events for the public's benefit including: a free fall studio tour, showcasing the work and process of over 100 local artists in 80+ locations and 2 exhibitions; a free spring music tour, showcasing the talents of over 300 local musicians in 30+ locations; a contemporary dance performance; a 3-part chamber music series with accomplished classical musicians; a 2-part contemporary music series highlighting renowned and distinct performers; summer camp programs for grades 3-9; yearlong music education for k-12 students; awards and exhibitions celebrating the accomplishments of graduating high school artists; bimonthly figure drawing programs; and more.
Operating model
- Revenue model
- Earned-program. 69% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 89
- Accountability: 65
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.2%; rating input score 74
- Program expense ratio: 72.8%; rating input score 73
- Fundraising efficiency: $25.72 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.9%; rating input score 93; 24th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1.7%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 24.1%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 4% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: 74.2% of revenue deployed · 72.8% of spending went to programs
- Governance: 13 of 14 board members independent · 2 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $397K in reported program spending
- Leadership: top reported pay $71K · 19 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.