Elastic Arts Foundation

EIN: 020645505 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$600,713
Total Expenses
$480,981
Total Assets
$842,518
Net Assets
$468,476
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IL
Principal Officer
Aaron Rodgers
Phone
7737723616
Tax Period
2024-09-01 to 2025-08-31

Elastic Arts Foundation, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $601K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $120K, a strong 20% operating margin.

Mission

Elastic Arts fosters a community of musicians and artists in the Avondale/Logan Square neighborhood of Chicago by developing and presenting creative and independent music, art, and performance events.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $467,279
Program Service Revenue $115,114
Investment Income $9
Other Revenue $18,311
TOTAL REVENUE $600,713

Expense Breakdown

Grants Paid $0
Salaries & Benefits $222,804
Fundraising Expenses $15,463
Program Expenses $428,123
Other Expenses $258,177
TOTAL EXPENSES $480,981

Year-over-Year Comparison

2024 2023 Change
Revenue $600,713 $508,476 +0.2%
Expenses $480,981 $572,187 -0.2%
Net Income $119,732 $-63,711 -2.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
12
Volunteers
12

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
6
$127,846
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Zanolini Frmr Exec Dir 40.00
Officer
$65,310 $0 $65,310
Ben Billington Co-Exec Dir 40.00
Officer
$62,536 $0 $62,536
Aaron Rodgers President 5.00
Officer Director
$0 $0 $0
Latoya Hunter Secretary 5.00
Officer Director
$0 $0 $0
Irmi Maunu-Kocian Treasurer 5.00
Officer Director
$0 $0 $0
Cristal Sabbagh Trustee 5.00
Director
$0 $0 $0
Trea Fotidzis Trustee 5.00
Director
$0 $0 $0
Paul Giallorenzo Trustee 5.00
Director
$0 $0 $0
Adia Sykes Trustee 5.00
Director
$0 $0 $0
Kirsten Byers Trustee 5.00
Director
$0 $0 $0
Katinka Kleijn Trustee 5.00
Director
$0 $0 $0
Ayanna Woods Trustee 5.00
Director
$0 $0 $0
Stephan Moore Director 5.00
Director
$0 $0 $0
Deidre Huckabay Director 5.00
Director
$0 $0 $0
Peter Gillette Co-Exec Dir 40.00
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
2025 $600,713 $480,981 $842,518 $119,732
2024 $508,476 $572,187 $361,411 $-63,711
2023 $627,092 $488,198 $437,195 $138,894
2022 $470,759 $413,359 $287,059 $57,400
2021 $320,540 $261,886 $286,304 $58,654
2020 $192,957 $246,285 $172,201 $-53,328
2019 $361,562 $253,550 $210,927 $108,012
2018 $229,630 $246,355 $93,160 $-16,725
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