CHAGRIN FOUNDATION FOR ARTS & CULTURE

EIN: 208612865 501(c)(3) Arts, Culture & Humanities

CHAGRIN FALLS, OH

Total Revenue
$259,370
Total Expenses
$242,998
Total Assets
$258,202
Net Assets
$72,170
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
OH
Principal Officer
KAREN PRASSER
Phone
4402479700
Tax Period
2024-07-01 to 2025-06-30

CHAGRIN FOUNDATION FOR ARTS & CULTURE, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $259K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $243K left a modest 6% surplus.

Mission

THE MISSION OF CHAGRIN ARTS IS TO ENRICH LIFE BY PRESENTING INSPIRING PERFORMANCES AND STIMULATING CONVERSATIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $249,938
Program Service Revenue $21,966
Investment Income $2,762
Other Revenue $-15,296
TOTAL REVENUE $259,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,227
Fundraising Expenses $0
Program Expenses $217,045
Other Expenses $202,771
TOTAL EXPENSES $242,998

Year-over-Year Comparison

2024 2023 Change
Revenue $259,370 $145,473 +0.8%
Expenses $242,998 $112,956 +1.2%
Net Income $16,372 $32,517 -0.5%
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

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
N/A

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
3
$45,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN PRASSER EXECUTIVE DI 40.00
Officer
$45,000 $0 $45,000
BETH COHEN PRESIDENT 4.00
Officer Director
$0 $0 $0
MICHAEL DELANEY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL DONNELLY DIRECTOR 1.00
Director
$0 $0 $0
ROBYN FORNEY DIRECTOR 1.00
Director
$0 $0 $0
JOHN HEINERT SECRETARY/TR 4.00
Officer Director
$0 $0 $0
LAURA KINGSLEY HONG DIRECTOR 1.00
Director
$0 $0 $0
PAULINE RAMIG DIRECTOR N/A
Director
$0 $0 $0
CAROL ROE VICE PRESIDE 4.00
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
2025 $259,370 $242,998 $258,202 $16,372
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