TBEY ARTS CENTER INC

EIN: 020739623 501(c)(3) Youth Development

MILWAUKEE, WI

Total Revenue
$417,112
Total Expenses
$480,724
Total Assets
$509,267
Net Assets
$357,348
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WI
Principal Officer
CONTESSA LOBLEY
Phone
4145628239
Tax Period
2024-01-01 to 2024-12-31

TBEY ARTS CENTER INC, founded in 2004, is a small nonprofit in the Youth Development sector that reported $417K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $481K exceeded revenue, resulting in a 15% operating deficit.

Mission

TBEY ARTS CENTER STRENGTHENS YOUTH AND YOUNG ADULTS THROUGH EXPOSURE TO THE ARTS AND OPPORTUNITIES FOR CREATIVE EXPRESSION. YOUTH AND YOUNG ADULTS AGES 2-19 RECEIVE PROFESSIONAL ARTS INSTRUCITON, ENJOY PERFORMANCES & EXHIBITS, RECEIVE TUTORING, MENTORING, AND COACHING TO ACHIEVE ACADEMICALLY AND PURSUE THEIR INTEREST IN THE ARTS.

Program Service Accomplishments

Program 1
Expenses: $225,015 Revenue: $247,992

ARTS EDUCATION PROGRAMMING (INCLUDING TBEY TINY'S, ASAP, AND SUMMER ARTS CAMP):DURING THE FISCAL YEAR, TBEY ARTS CENTER, INC. SERVED OVER 700 YOUTH ACROSS SOUTHEASTERN WISCONSIN THROUGH HIGH-QUALITY...

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ARTS EDUCATION PROGRAMMING (INCLUDING TBEY TINY'S, ASAP, AND SUMMER ARTS CAMP):DURING THE FISCAL YEAR, TBEY ARTS CENTER, INC. SERVED OVER 700 YOUTH ACROSS SOUTHEASTERN WISCONSIN THROUGH HIGH-QUALITY, AGE-APPROPRIATE ARTS EDUCATION. OUR PROGRAMS PROVIDED CREATIVE DEVELOPMENT OPPORTUNITIES IN THEATRE, DANCE, VISUAL ARTS, AND MUSIC, WITH A SPECIAL EMPHASIS ON REACHING UNDERSERVED COMMUNITIES. NOTABLY, OUR TBEY TINY'S PROGRAM EXPANDED TO INCLUDE EARLY CHILDHOOD PARTICIPANTS AGED K3-4, BUILDING FOUNDATIONAL CREATIVE AND SOCIAL-EMOTIONAL SKILLS. OUR SUMMER ARTS CAMP OFFERS ARTS ENRICHMENT WORKSHOPS, FIELD TRIPS, AND CULMINATING SHOWCASES THAT ENGAGED FAMILIES AND THE BROADER COMMUNITY.

Program 2

ARTREACH COMMUNITY ENGAGEMENT PROGRAM:TBEY'S ARTREACH PROGRAM BROUGHT ARTS EDUCATION DIRECTLY INTO SCHOOLS, COMMUNITY CENTERS, AND AFTER-SCHOOL SITES ACROSS MILWAUKEE, SUPPORTING ARTS ACCESS WHERE...

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ARTREACH COMMUNITY ENGAGEMENT PROGRAM:TBEY'S ARTREACH PROGRAM BROUGHT ARTS EDUCATION DIRECTLY INTO SCHOOLS, COMMUNITY CENTERS, AND AFTER-SCHOOL SITES ACROSS MILWAUKEE, SUPPORTING ARTS ACCESS WHERE IT'S NEEDED MOST. THIS YEAR, WE PARTNERED WITH 12 SCHOOLS AND 4 COMMUNITY CENTERS, DELIVERING OVER 300 HOURS OF INSTRUCTION AND REACHING APPROXIMATELY 2,000 STUDENTS. THE PROGRAM ALIGNED WITH ACADEMIC STANDARDS AND SUPPORTED YOUTH DEVELOPMENT GOALS. IT WAS PARTICULARLY INSTRUMENTAL IN RE-ENGAGING STUDENTS POST-PANDEMIC, USING CREATIVE EXPRESSION TO BUILD CONFIDENCE, IMPROVE ATTENDANCE, AND FOSTER RESILIENCE.

Program 3

YOUTH PRODUCTIONS AND COMMUNITY PERFORMANCES:TBEY CONTINUED ITS TRADITION OF YOUTH-LED PRODUCTIONS AND PUBLIC PERFORMANCES, PROVIDING YOUNG ARTISTS WITH PROFESSIONAL STAGE EXPERIENCES WHILE ENRICHING...

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YOUTH PRODUCTIONS AND COMMUNITY PERFORMANCES:TBEY CONTINUED ITS TRADITION OF YOUTH-LED PRODUCTIONS AND PUBLIC PERFORMANCES, PROVIDING YOUNG ARTISTS WITH PROFESSIONAL STAGE EXPERIENCES WHILE ENRICHING MILWAUKEE'S CULTURAL LANDSCAPE. OVER 40 STUDENTS PARTICIPATED IN OUR ANNUAL THEATRE AND DANCE PRODUCTIONS, WITH PERFORMANCES ATTRACTING MORE THAN 700 ATTENDEES. THESE SHOWCASES PROVIDED VITAL EXPOSURE FOR YOUNG TALENT AND FOSTERED INTERGENERATIONAL COMMUNITY ENGAGEMENT. OUR CAPSTONE EVENT, THE STARGAZED BENEFIT CONCERT, HIGHLIGHTED STUDENT AND ALUMNI PERFORMERS ALONGSIDE PROFESSIONAL ARTISTS, RAISING ESSENTIAL FUNDS AND CELEBRATING OUR 25TH ANNIVERSARY MILESTONE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $167,526
Program Service Revenue $247,512
Investment Income $1,594
Other Revenue $480
TOTAL REVENUE $417,112

Expense Breakdown

Grants Paid $0
Salaries & Benefits $305,886
Fundraising Expenses $25,920
Program Expenses $225,015
Other Expenses $158,338
TOTAL EXPENSES $480,724

Year-over-Year Comparison

2024 2023 Change
Revenue $417,112 $348,774 +0.2%
Expenses $480,724 $278,845 +0.7%
Net Income $-63,612 $69,929 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
3
Employees
23
Volunteers
18

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
5
$92,846
Total Directors
5
$30,001
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL BECK PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMES KIRK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DARON WOLF SECRETARY 1.00
Officer Director
$0 $0 $0
KYRSTAL REED TREASURER 1.00
Officer Director
$0 $0 $0
MYESHA COLE DIRECTOR 1.00
Director
$30,001 $0 $30,001
CONTESSA LOBLEY EXECUTIVE DIRECTOR 40.00
Officer
$92,846 $0 $92,846
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 $417,112 $480,724 $509,267 $-63,612
2023 $348,774 $278,845 $572,998 $69,929
2022 $420,833 $240,233 $501,278 $180,600
2020 $269,913 No data $248,400 No data
2019 $237,715 $248,462 $148,698 $-10,747
2018 $292,959 $251,309 $175,666 $41,650
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