Rialto Theatre Foundation
Rialto Theatre Foundation shows strong post-pandemic financial recovery and asset growth with 0% officer compensation.
EIN: 161699701 · Tucson, AZ · NTEE: A65 · Updated: 2026-03-28
Is Rialto Theatre Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rialto Theatre Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rialto Theatre Foundation
Rialto Theatre Foundation (EIN: 161699701) is a nonprofit organization based in Tucson, AZ, classified under NTEE code A65. The organization reported total revenue of $9.4M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rialto Theatre Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rialto Theatre Foundation is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.8M |
| Total Expenses | $7.7M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $6.9M |
| Total Liabilities | $2.1M |
| Net Assets | $4.8M |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2024, Rialto Theatre Foundation reported a surplus of $1.2M with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Rialto Theatre Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.2% | +19.8% | +18.8% |
| 2023 | -9.1% | +20.9% | +15.0% |
| 2022 | +444.0% | +1248.9% | +20.2% |
| 2021 | -53.9% | -89.2% | +93.4% |
| 2020 | -45.7% | -38.8% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rialto Theatre Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rialto Theatre Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.6%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size and revenue, suggesting either volunteer leadership or compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rialto Theatre Foundation's IRS 990 filings:
- Unusually low (0%) officer compensation reported, which may obscure actual leadership compensation if categorized elsewhere.
Strengths
The following positive indicators were identified for Rialto Theatre Foundation:
- Strong post-pandemic financial recovery with significant revenue growth from $1.4M in 2021 to $8.8M in 2024.
- Consistent asset growth, increasing from $2.1M in 2020 to $6.9M in 2024, indicating enhanced financial stability.
- Positive trend of expenses generally tracking below revenue in recent years, contributing to net asset accumulation.
- Healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($6.9M assets vs. $2.1M liabilities in 2024).
- Long history of IRS 990 filings (14 filings), demonstrating consistent financial reporting and transparency.
Frequently Asked Questions about Rialto Theatre Foundation
Is Rialto Theatre Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rialto Theatre Foundation (EIN: 161699701) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Rialto Theatre Foundation spend its money?
Rialto Theatre Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rialto Theatre Foundation tax-deductible?
Rialto Theatre Foundation is registered as a tax-exempt nonprofit (EIN: 161699701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Rialto Theatre Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues reaching nearly $9 million. This could indicate that leadership roles are entirely volunteer-based, or that compensation for key personnel is categorized under other expense lines, such as program or administrative staff, rather than 'officer compensation' as defined by the IRS 990.
What is the primary source of the Rialto Theatre Foundation's revenue?
While the provided data does not specify revenue sources, for a performing arts center (NTEE A65) with significant revenue, common sources typically include ticket sales, venue rentals, grants, individual donations, and corporate sponsorships. The substantial revenue growth post-pandemic suggests a strong return of audience attendance and event programming.
How has the organization managed its liabilities given its growth?
The organization has effectively managed its liabilities. While liabilities increased during the pandemic (e.g., $3,468,966 in 2021), they have since decreased to $2,115,008 in 2024, even as assets have significantly grown to $6,901,442. This indicates a healthy financial position where asset growth outpaces liability accumulation.
Filing History
IRS 990 filing history for Rialto Theatre Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Rialto Theatre Foundation's revenue has grown by 253.1%, moving from $2.5M to $8.8M. Total assets increased by 514.3% over the same period, from $1.1M to $6.9M. Total functional expenses rose by 209.1%, from $2.5M to $7.7M. In its most recent filing year (2024), Rialto Theatre Foundation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $6.9M in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $8.8M | $7.7M | $6.9M | $2.1M | — | View 990 |
| 2023 | $6.9M | $6.4M | $5.8M | $2.2M | — | View 990 |
| 2022 | $7.6M | $5.3M | $5.1M | $2.0M | — | View 990 |
| 2021 | $1.4M | $393K | $4.2M | $3.5M | — | View 990 |
| 2020 | $3.0M | $3.7M | $2.2M | $2.5M | — | View 990 |
| 2019 | $5.6M | $6.0M | $2.1M | $1.9M | — | View 990 |
| 2018 | $6.3M | $6.0M | $2.3M | $1.8M | — | View 990 |
| 2017 | $6.2M | $5.9M | $2.1M | $1.9M | — | View 990 |
| 2016 | $4.8M | $4.8M | $1.8M | $1.8M | — | View 990 |
| 2015 | $4.4M | $4.2M | $1.8M | $1.9M | — | View 990 |
| 2014 | $3.4M | $3.2M | $507K | $606K | — | View 990 |
| 2013 | $2.9M | $2.7M | $248K | $503K | — | View 990 |
| 2012 | $2.1M | $2.1M | $995K | $590K | — | View 990 |
| 2011 | $2.5M | $2.5M | $1.1M | $699K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $8.8M, expenses of $7.7M, and assets of $6.9M (revenue +27.2% year-over-year).
- 2023: Revenue of $6.9M, expenses of $6.4M, and assets of $5.8M (revenue -9.1% year-over-year).
- 2022: Revenue of $7.6M, expenses of $5.3M, and assets of $5.1M (revenue +444.0% year-over-year).
- 2021: Revenue of $1.4M, expenses of $393K, and assets of $4.2M (revenue -53.9% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.7M, and assets of $2.2M (revenue -45.7% year-over-year).
- 2019: Revenue of $5.6M, expenses of $6.0M, and assets of $2.1M (revenue -11.1% year-over-year).
- 2018: Revenue of $6.3M, expenses of $6.0M, and assets of $2.3M (revenue +1.1% year-over-year).
- 2017: Revenue of $6.2M, expenses of $5.9M, and assets of $2.1M (revenue +30.0% year-over-year).
- 2016: Revenue of $4.8M, expenses of $4.8M, and assets of $1.8M (revenue +9.6% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.2M, and assets of $1.8M (revenue +27.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.2M, and assets of $507K (revenue +18.4% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.7M, and assets of $248K (revenue +37.9% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.1M, and assets of $995K (revenue -16.1% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.5M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rialto Theatre Foundation:
Data Sources and Methodology
This transparency report for Rialto Theatre Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.