REDUX CONTEMPORARY ART CENTER (EIN 020633345) - 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

2002

Legal Domicile

Principal Officer

FRANCIS M ERVIN II

Phone

8437220697

Tax Period

2024-01-01 to 2024-12-31

REDUX CONTEMPORARY ART CENTER, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $509K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $640K exceeded revenue, resulting in a 26% operating deficit.

Mission

REDUX CONTEMPORARY ART CENTER IS COMMITTED TO FOSTERING CREATIVITY AND THE CULTIVATION OF CONTEMPORARY ART THROUGH DIVERSE EXHIBITIONS, AFFORDABLE STUDIO SPACE FOR VISUAL ARTISTS, MEANINGFUL EDUCATION AND OUTREACH PROGRAMS, AND A MULTIDISCIPLINARY APPROACH TO THE DIALOGUE BETWEEN ARTISTS AND THEIR AUDIENCES.

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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 $154,350

Program Service Revenue $355,116

Investment Income $6

Other Revenue $0

TOTAL REVENUE $509,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,810

Fundraising Expenses $22,132

Program Expenses $446,650

Other Expenses $484,078

TOTAL EXPENSES $639,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,472	$711,175	-0.3%
Expenses	$639,888	$649,116	0.0%
Net Income	$-130,416	$62,059	-3.1%

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

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
DAVID COUEY	TREASURER	N/A	Officer	$0	$0	$0
FRANCIS M ERVIN II	PRESIDENT	N/A	Officer	$0	$0	$0
CHRISTOPHER MORGAN	VICE PRESIDE	N/A	Officer	$0	$0	$0
JONATHAN OAKMAN	SECRETARY	N/A	Officer	$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
2024	$509,472	$639,888	$223,491	$-130,416
2023	$711,175	$649,116	$234,992	$62,059
2022	$648,555	$612,030	$232,699	$36,525
2022	$621,540	$610,782	$209,240	$10,758
2021	$634,292	$563,660	$234,181	$70,632
2020	$371,216	$364,605	$205,827	$6,611
2019	$569,005	$581,351	$221,169	$-12,346
2018	$494,899	$504,026	$268,840	$-9,127

REDUX CONTEMPORARY ART CENTER