Village Center for the Arts Inc (EIN 061325983) - 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

2009

Legal Domicile

Principal Officer

Jayson Roberts

Phone

8603544318

Tax Period

2023-01-01 to 2023-12-31

Village Center for the Arts Inc, founded in 2009, is a small nonprofit that reported $307K in total revenue in fiscal year 2023. Expenses of $366K exceeded revenue, resulting in a 19% operating deficit.

Mission

Art studio. The studios mission is to provide a nurturing environment for artistic creativity and development through educational fine art

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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 (2023)

Revenue Breakdown

Contributions & Grants $135,267

Program Service Revenue $168,259

Investment Income $3,111

Other Revenue $0

TOTAL REVENUE $306,637

Expense Breakdown

Grants Paid $7,551

Salaries & Benefits $214,050

Fundraising Expenses $0

Program Expenses $171,921

Other Expenses $144,729

TOTAL EXPENSES $366,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$306,637	$315,445	0.0%
Expenses	$366,330	$345,790	+0.1%
Net Income	$-59,693	$-30,345	+1.0%

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

100

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

$68,390

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ben Grinnell	Chairman	0.50	Director	$0	$0	$0
Roosevelt Collins	Vice Chairman	0.50	Director	$0	$0	$0
Kasey Beckendorf	Treasurer	0.75	Director	$0	$0	$0
Pauline Assenza	Secretary	0.75	Director	$0	$0	$0
Jill Sabin Garner	Director	0.50	Director	$0	$0	$0
Jayson C Roberts	Director	0.50	Director	$64,430	$0	$64,430
Tamara Sachs MD	Director	0.50	Director	$0	$0	$0
Karen A Ritzenhoff	Director	0.50	Director	$0	$0	$0
Joe DiGuiseppi	Director	0.50	Director	$3,960	$0	$3,960

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	$306,637	$366,330	$218,665	$-59,693
2022	$315,445	$345,790	$278,326	$-30,345
2021	$335,594	$219,388	$303,471	$116,206
2020	$152,552	$169,625	$86,260	$-17,073
2019	$315,279	$308,549	$68,660	$6,730
2018	$282,457	$264,383	$58,227	$18,074

Village Center for the Arts Inc