Reach Studio Art Center (EIN 200864458) - 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

2004

Legal Domicile

Principal Officer

Melissa Keeley

Phone

5179993643

Tax Period

2024-01-01 to 2024-12-31

Reach Studio Art Center, founded in 2004, is a small nonprofit in the Education sector that reported $506K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 19% operating margin.

Mission

A non-profit community art studio located in the REO Town District of Lansing Michigan, offering out-of-school visual art education for youth of all ages (2-18), and adults from the Greater Lansing Area, taught by local artists and art educators.

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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 $314,216

Program Service Revenue $142,941

Investment Income $8,259

Other Revenue $40,913

TOTAL REVENUE $506,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,990

Fundraising Expenses $7,567

Program Expenses $323,395

Other Expenses $219,212

TOTAL EXPENSES $408,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$506,329	$341,221	+0.5%
Expenses	$408,202	$368,703	+0.1%
Net Income	$98,127	$-27,482	-4.6%

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

$57,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Oscar Castaneda	Director	0.50	Director	$0	$0	$0
Robert Sheehan	Secretary	1.00	Officer Director	$0	$0	$0
Dan O'Leary	Vice President	1.00	Officer Director	$0	$0	$0
Erika Rosebrook	President	1.00	Officer Director	$0	$0	$0
Jim Zacks	Director	0.50	Director	$0	$0	$0
Melissa Keeley	Executive Director	40.00	Officer	$52,800	$0	$52,800
Alice Brinkman	Past Executive Director	40.00	Officer	$4,969	$0	$4,969
Nina Silbergleit	Director	0.50	Director	$0	$0	$0
Kevin Bonds	Director	0.50	Director	$0	$0	$0
Benjamin Brewer	Treasurer	2.00	Officer Director	$0	$0	$0
Camila Nicholson	Director	0.50	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	$506,329	$408,202	$1,499,986	$98,127
2023	$341,221	$368,703	$1,392,525	$-27,482
2022	$314,550	$328,984	$1,456,527	$-14,434
2021	$346,579	$239,754	$1,464,276	$106,825
2020	$446,939	$264,228	$1,338,040	$182,711
2019	$379,924	$261,016	$1,232,364	$118,908
2018	$337,907	$245,583	$1,082,249	$92,324

Reach Studio Art Center