REFUGE FOUNDATION FOR THE ARTS INC (EIN 208406880) - 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

2007

Legal Domicile

Principal Officer

CORY CHISEL

Phone

9203587888

Tax Period

2020-07-01 to 2021-06-30

REFUGE FOUNDATION FOR THE ARTS INC, founded in 2007, is a micro nonprofit that reported $101 in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $816 exceeded revenue, resulting in a 708% operating deficit.

Mission

RFA IS BASED IN APPLETON, WISCONSIN AND HOUSED IN A FORMER CAPUCHIN-FRANCISCAN MONASTERY ALONG THE FOX RIVER. OUR MISSION IS TO FACILITATE COMPASSIONATE COLLABORATION BY PROVIDING ARTISTS A SAFE SPACE TO CREATE WITHOUT THE BURDEN OF DEBT. RFA WORKS WITHIN OUR LOCAL COMMUNITY, BRINGING TOGETHER SPONSORS AND ARTISTS TO INSPIRE ONE ANOTHER AND TO CULTIVATE LEGACIES OF LASTING BEAUTY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $101

TOTAL REVENUE $101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $612

Other Expenses $816

TOTAL EXPENSES $816

Year-over-Year Comparison

	2020	2019	Change
Revenue	$101	$520,911	-1.0%
Expenses	$816	$482,783	-1.0%
Net Income	$-715	$38,128	-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

N/A

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
CORY CHISEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID HURBECK	SECRETARY	1.00	Officer Director	$0	$0	$0
FREDRIC JACQUES	DIRECTOR	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
2021	$101	$816	$2,555,329	$-715
2020	$520,911	$482,783	$2,551,460	$38,128
2019	$978,045	$991,551	$2,513,332	$-13,506
2018	$1,196,960	$1,170,135	$2,530,264	$26,825

REFUGE FOUNDATION FOR THE ARTS INC