ELSEWHERE INC

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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

Principal Officer

KERRI L JEFFRIES-MUBAARAK

Phone

3365495555

Tax Period

2022-01-01 to 2022-12-31

ELSEWHERE INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $274K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $386K exceeded revenue, resulting in a 41% operating deficit.

Mission

ELSEWHERE IS A LIVING MUSEUM, ARTIST RESIDENCY, AND EDUCATIONAL LABORATORY SET IN A FORMER THRIFT STORE. THE ORGANIZATION PROVIDES A COLLABORATIVE WORK ENVIRONMENT FOR MORE THAN 50 ARTISTS WHO CREATE ARTISTIC WORKS IN THE LIVING MUSEUM'S 58 YEAR COLLECTION OF SURPLUS MATERIALS. THE LIVING MUSEUM IS OPEN TO THE PUBLIC AND PROVIDES WEEKLY ARTIST EVENTS AND PROGRAMMING FOR THE BENEFIT OF EMERGING AND ESTABLISHED ARTISTS AS WELL AS COMMUNITIES IN THE GREENSBORO, GUILFORD COUNTY, AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $244,539 Revenue: $9,505

THE LIVING MUSEUM IS OPEN FOUR DAYS A WEEK AND BRINGS AUDIENCES INTO CONTACT WITH EMERGING AND ESTABLISED ARTISTS THROUGH PROGRAMMING AND EVENTS.

Program 2

Expenses: $83,082 Revenue: $12,127

THE VISITING ARTIST PROGRAM PROVIDES RESOURCES AND EXHIBITION SPACE FOR MORE THAN 50 ARTISTS A YEAR.

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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 $252,317

Program Service Revenue $21,632

Investment Income $193

Other Revenue $0

TOTAL REVENUE $274,142

Expense Breakdown

Grants Paid $27,663

Salaries & Benefits $221,320

Fundraising Expenses $11,629

Program Expenses $327,621

Other Expenses $136,528

TOTAL EXPENSES $385,511

Year-over-Year Comparison

	2022	2021	Change
Revenue	$274,142	$348,479	-0.2%
Expenses	$385,511	$368,035	+0.0%
Net Income	$-111,369	$-19,556	+4.7%

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

$94,037

Total Directors