CANOPY STUDIO INC (EIN 043601205) - 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

SHANNAH MONTGOMERY

Phone

7065498501

Tax Period

2022-01-01 to 2022-12-31

CANOPY STUDIO INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $624K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $533K left a modest 15% surplus.

Mission

Canopy Studio, a non-profit community arts center, is dedicated to enriching the culture of our community and the lives of individuals through aerial dance, movement education and performance arts.

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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 (2022)

Revenue Breakdown

Contributions & Grants $82,380

Program Service Revenue $543,038

Investment Income $2,259

Other Revenue $-3,526

TOTAL REVENUE $624,151

Expense Breakdown

Grants Paid $75

Salaries & Benefits $360,375

Fundraising Expenses $16,421

Program Expenses $401,205

Other Expenses $172,831

TOTAL EXPENSES $533,281

Year-over-Year Comparison

	2022	2021	Change
Revenue	$624,151	$696,461	-0.1%
Expenses	$533,281	$473,575	+0.1%
Net Income	$90,870	$222,886	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES NEVES	REPERTORY REP.	1.00	Director	$0	$0	$0
TRACY BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
SAM DRENNEN	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN BATES	Past President	0.50	Director	$0	$0	$0
PENNY JACKSON	Treasurer	3.00	Director	$0	$0	$0
ALICIA NICKLES	Vice President	2.00	Director	$0	$0	$0
SHAIN DYCKMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
SHANNAH MONTGOMERY	President	2.00	Director	$0	$0	$0
MAZIE BOWEN	Secretary	1.00	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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$624,151	$533,281	$731,197	$90,870
2021	$696,461	$473,575	$638,199	$222,886
2020	$487,301	$449,615	$500,341	$37,686
2019	$557,451	$510,514	$468,979	$46,937
2018	$531,273	$510,424	$315,774	$20,849

CANOPY STUDIO INC