Artworks Trenton Inc (EIN 221803117) - 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

1964

Legal Domicile

Principal Officer

Carig Shofed

Phone

6093949436

Tax Period

2024-01-01 to 2024-12-31

Artworks Trenton Inc, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $572K in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum.

Mission

Artworks is Trentons visual arts center, connecting community, culture and creativity through the arts. We serve regional artists and residents of Trenton and neighboring communities

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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 $511,782

Program Service Revenue $42,169

Investment Income $71

Other Revenue $18,005

TOTAL REVENUE $572,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,686

Fundraising Expenses $61,323

Program Expenses $375,461

Other Expenses $323,278

TOTAL EXPENSES $577,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$572,027	$210,895	+1.7%
Expenses	$577,964	$401,760	+0.4%
Net Income	$-5,937	$-190,865	-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

Volunteers

300

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

$197,157

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Craig Shofed	Managing Director	40.00	Director	$80,000	$0	$80,000
Addison Pfeiffer	Artistic Director	40.00	Director	$70,582	$0	$70,582
Nasir Square	Community & Education Director	40.00	Director	$46,575	$0	$46,575
Gerald Liu	Chair	5.00	Officer Director	$0	$0	$0
D Vance Smith	Vice Chair	5.00	Officer Director	$0	$0	$0
Matthew Lucash	Treasurer	5.00	Officer Director	$0	$0	$0
Carmelle Beaugelin	Trustee	5.00	Director	$0	$0	$0
Sushama Austin-Connor	Trustee	5.00	Director	$0	$0	$0
Jeannie Davis	Secretary	5.00	Officer Director	$0	$0	$0
Terea Schaffer	Trustee	5.00	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
2024	$572,027	$577,964	$286,878	$-5,937
2023	$210,895	$401,760	$282,641	$-190,865
2022	$431,251	$404,762	$495,724	$26,489
2021	$460,386	$322,666	$449,915	$137,720
2020	$336,576	$313,784	$310,007	$22,792
2019	$373,101	$566,853	$252,256	$-193,752

Artworks Trenton Inc