Chesterfield Cultural Arts Foundat… - Form 990 Financial Data

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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

2003

Legal Domicile

Phone

8047485555

Tax Period

2024-07-01 to 2025-06-30

Chesterfield Cultural Arts Foundation, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $834K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $956K exceeded revenue, resulting in a 15% operating deficit.

Mission

The Perkinson Center for the Arts and Education is a performing and visual arts center that provides and promotes cultural arts opportunities within our community. (Continued on Schedule O)

Program Service Accomplishments

Program 1

Expenses: $690,279 Revenue: $231,356

MANAGED BY THE CHESTERFIELD CULTURAL ARTS FOUNDATION (CCAF), THE BAXTER PERKINSON CENTER FOR THE ARTS & EDUCATION IS THE REGIONS FIRST PUBLIC PERFORMING AND VISUAL ARTS CENTER TO BE BUILT FROM THE...

MANAGED BY THE CHESTERFIELD CULTURAL ARTS FOUNDATION (CCAF), THE BAXTER PERKINSON CENTER FOR THE ARTS & EDUCATION IS THE REGIONS FIRST PUBLIC PERFORMING AND VISUAL ARTS CENTER TO BE BUILT FROM THE GROUND UP IN THE LAST CENTURY. THE VENUE IS MORE THAN 20,500 SQUARE FEET AND HOUSES: - THE 354-SEAT JIMMY DEAN THEATER & 35' X 27' STAGE - THE BAXTER & ELAINE PERKINSON ART GALLERY - A 1,500 SQUARE FOOT MULTIPURPOSE EDUCATION CENTER WITH ATTACHED PATIO - A 750 SQUARE FOOT CLASSROOM - FOR TOURING ARTISTS: GREEN ROOM, CHORUS DRESSING ROOMS, AND STAR DRESSING ROOM THE PERKINSON CENTER WILL FEATURE A VARIETY OF ARTIST PERFORMERS FROM AROUND THE REGION AND AROUND THE WORLD. THE VENUE IS ALSO A WORLD-CLASS LOCATION FOR ALL YOUR SPECIAL EVENTS NEEDS, WHETHER A WEDDING, PRIVATE PARTY, OR CORPORATE WORK FUNCTION, GUESTS CAN IMMERSE THEMSELVES IN THE ARTS IN EVERY SPACE THROUGHOUT THE CENTER.

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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 $403,136

Program Service Revenue $231,356

Investment Income $9,149

Other Revenue $190,796

TOTAL REVENUE $834,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $458,701

Fundraising Expenses $97,860

Program Expenses $690,279

Other Expenses $496,929

TOTAL EXPENSES $955,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$834,437	$695,836	+0.2%
Expenses	$955,630	$791,753	+0.2%
Net Income	$-121,193	$-95,917	+0.3%

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

150

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

$100,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY HALL	GOVERNANCE COMMITTEE CHAIR	10.0	Officer Director	$0	$0	$0
Dr MIKE MABE	PROGRAMS COMMITTEE CHAIR	10.0	Officer Director	$0	$0	$0
MATTHEW CLARKE	CHAIRMAN	10.0	Officer Director	$0	$0	$0
SARAH SNEAD	VICE CHAIR	10.0	Officer Director	$0	$0	$0
CARRIE COYNER	DIRECTOR	2.0	Director	$0	$0	$0
CHRIS BADURA	DIRECTOR	2.0	Director	$0	$0	$0
Colin Hannifin	DIRECTOR	2.0	Director	$0	$0	$0
GARY ARMSTRONG	DIRECTOR	2.0	Director	$0	$0	$0
KEN OXENDINE	DIRECTOR	2.0	Director	$0	$0	$0
SUZANNE MALLORY-PARKER	DIRECTOR	2.0	Director	$0	$0	$0
CHELSEA BUYALOS	EXECUTIVE DIRECTOR	40.0	Officer	$100,667	$0	$100,667

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	$834,437	$955,630	$997,138	$-121,193
2024	No data	No data	No data	No data
2023	$614,712	$704,264	$1,257,774	$-89,552
2022	$574,923	$863,735	$914,818	$-288,812
2021	$621,062	$1,379,759	$1,189,257	$-758,697
2019	$128,195	$86,915	$2,317,421	$41,280
2018	$362,967	$11,123	$2,384,391	$351,844

Chesterfield Cultural Arts Foundation