STUDIO PLACE ARTS INC (EIN 030357848) - 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

1998

Legal Domicile

Principal Officer

DARRYL GARLAND

Phone

8024797069

Tax Period

2024-01-01 to 2024-12-31

STUDIO PLACE ARTS INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $124K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $191K exceeded revenue, resulting in a 54% operating deficit.

Mission

SEE STATEMENT

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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 $87,551

Program Service Revenue $12,563

Investment Income $126

Other Revenue $23,597

TOTAL REVENUE $123,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,473

Fundraising Expenses $15,384

Program Expenses $133,807

Other Expenses $111,270

TOTAL EXPENSES $190,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,837	$309,051	-0.6%
Expenses	$190,743	$294,564	-0.4%
Net Income	$-66,906	$14,487	-5.6%

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

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

$65,805

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE HIGBY	EXECUTIVE DIRECTOR	40.00	Officer	$57,200	$8,605	$65,805
JANET VAN FLEET	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL RIDGE	BOARD MEMBER	2.00	Director	$0	$0	$0
DARRYL GARLAND	CHAIR	2.00	Officer Director	$0	$0	$0
JODY BROWN	TREASURERSECRETARY	2.00	Officer Director	$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	$123,837	$190,743	$474,226	$-66,906
2023	$309,051	$294,564	$556,120	$14,487
2022	$115,772	$123,323	$508,433	$-7,551
2021	$123,873	$107,609	$528,119	$16,264
2020	$115,340	$114,540	$521,615	$800
2019	$110,869	$110,098	$526,594	$771
2018	$92,458	$124,647	$540,235	$-32,189

STUDIO PLACE ARTS INC