Riverside Theater Foundation Inc
Riverside Theater Foundation Inc. shows consistent revenue growth and tight financial management with no reported officer compensation.
EIN: 203422644 · Milwaukee, WI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $11.6M |
| Program Spending | 90% |
| Net Assets | $226K |
| Transparency Score | 75/100 |
Is Riverside Theater Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverside Theater Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverside Theater Foundation Inc
Riverside Theater Foundation Inc (EIN: 203422644) is a nonprofit organization based in Milwaukee, WI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverside Theater Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverside Theater Foundation Inc is a large nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 18.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.2M |
| Total Expenses | $11.6M |
| Surplus / Deficit | +$521K |
| Total Assets | $2.7M |
| Total Liabilities | $2.4M |
| Net Assets | $226K |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 91.5% |
| Months of Reserves | 2.7 months |
Financial Health Grade: B
In 2015, Riverside Theater Foundation Inc reported a surplus of $521K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 91.5% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Riverside Theater Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +31.5% | +27.9% | +58.9% |
| 2014 | +10.2% | +8.0% | +9.1% |
| 2013 | +28.4% | +26.9% | +53.4% |
| 2012 | +4.4% | +6.6% | +136.7% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Riverside Theater Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Riverside Theater Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $521K, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.5%.
Executive Compensation Analysis
No officer compensation was reported across all five years of filings, which is unusual for an organization with multi-million dollar revenues and assets, suggesting either a fully volunteer executive 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 Riverside Theater Foundation Inc's IRS 990 filings:
- No reported officer compensation for a multi-million dollar organization, potentially obscuring leadership costs.
- Liabilities exceeded assets in earlier years (2011-2014), indicating potential financial strain, though this trend reversed in 2015.
Strengths
The following positive indicators were identified for Riverside Theater Foundation Inc:
- Consistent revenue growth from $6.2 million in 2011 to $12.1 million in 2015, indicating increasing scale and impact.
- Efficient spending with expenses closely tracking revenues, suggesting most funds are directly applied to operations.
- Positive asset growth from $421,244 in 2011 to $2,650,572 in 2015, improving financial capacity.
- Reversal of asset-liability trend in 2015, with assets exceeding liabilities, indicating improved financial health.
Frequently Asked Questions about Riverside Theater Foundation Inc
Is Riverside Theater Foundation Inc a legitimate charity?
Riverside Theater Foundation Inc (EIN: 203422644) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 75/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Riverside Theater Foundation Inc spend its money?
Riverside Theater Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Riverside Theater Foundation Inc tax-deductible?
Riverside Theater Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203422644). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Riverside Theater Foundation Inc's spending goes to programs?
Riverside Theater Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Riverside Theater Foundation Inc located?
Riverside Theater Foundation Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 203422644.
How many years of IRS 990 filings does Riverside Theater Foundation Inc have?
Riverside Theater Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
How does Riverside Theater Foundation Inc. manage to operate with no reported officer compensation?
The IRS 990 filings consistently show $0 for officer compensation. This could mean the executive leadership is entirely volunteer-based, or their compensation is reported under other expense categories like salaries and wages for employees, rather than specifically for officers, directors, trustees, or key employees.
What is the primary source of the organization's multi-million dollar revenue?
While the filings show substantial revenue, the NTEE code is unknown and specific revenue sources (e.g., ticket sales, donations, grants) are not detailed in the provided data. Further investigation into the full 990 forms would be needed to identify the primary revenue streams.
Given the tight operating margins, how does the organization manage financial risks?
The organization consistently operates with expenses very close to revenues. While this indicates efficient use of funds, it also means there's little buffer for unexpected costs or downturns. The growth in assets, particularly in 2015 where assets ($2,650,572) exceeded liabilities ($2,424,192), suggests some improvement in financial stability over time, but detailed risk management strategies are not evident from the summary data.
Filing History
IRS 990 filing history for Riverside Theater Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Riverside Theater Foundation Inc's revenue has grown by 94.3%, moving from $6.3M to $12.2M. Total assets increased by 529.2% over the same period, from $421K to $2.7M. Total functional expenses rose by 86.8%, from $6.2M to $11.6M. In its most recent filing year (2015), Riverside Theater Foundation Inc reported a surplus of $521K, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $2.7M in assets (debt-to-asset ratio: 91.5%), resulting in net assets of $226K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $12.2M | $11.6M | $2.7M | $2.4M | — | View 990 |
| 2014 | $9.3M | $9.1M | $1.7M | $2.0M | — | View 990 |
| 2013 | $8.4M | $8.4M | $1.5M | $2.0M | — | View 990 |
| 2012 | $6.5M | $6.6M | $997K | $1.4M | — | View 990 |
| 2011 | $6.3M | $6.2M | $421K | $721K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $12.2M, expenses of $11.6M, and assets of $2.7M (revenue +31.5% year-over-year).
- 2014: Revenue of $9.3M, expenses of $9.1M, and assets of $1.7M (revenue +10.2% year-over-year).
- 2013: Revenue of $8.4M, expenses of $8.4M, and assets of $1.5M (revenue +28.4% year-over-year).
- 2012: Revenue of $6.5M, expenses of $6.6M, and assets of $997K (revenue +4.4% year-over-year).
- 2011: Revenue of $6.3M, expenses of $6.2M, and assets of $421K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverside Theater Foundation Inc:
Data Sources and Methodology
This transparency report for Riverside Theater Foundation Inc 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.