Artspace Community Arts Center

EIN: 237353850 501(c)(3)

Greenfield, MA

Total Revenue
$201,690
Total Expenses
$185,590
Total Assets
$188,609
Net Assets
$121,726
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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
1973
Legal Domicile
MA
Principal Officer
Madeline Miller
Phone
4137726811
Tax Period
2024-07-01 to 2025-06-30

Artspace Community Arts Center, founded in 1973, is a small nonprofit that reported $202K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $186K left a modest 8% surplus.

Mission

Instructional programs in music and the arts.

Program Service Accomplishments

Program 1
Expenses: $69,135 Revenue: $9,589

Instruction in music and the arts.

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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 $172,997
Program Service Revenue $10,271
Investment Income $149
Other Revenue $18,273
TOTAL REVENUE $201,690

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,366
Fundraising Expenses $5,182
Program Expenses $69,135
Other Expenses $98,224
TOTAL EXPENSES $185,590

Year-over-Year Comparison

2024 2023 Change
Revenue $201,690 $131,664 +0.5%
Expenses $185,590 $128,627 +0.4%
Net Income $16,100 $3,037 +4.3%
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
5
Independent Members
5
Employees
4
Volunteers
5

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
$0
Total Directors
5
$29,835
Key Employees
1
$29,835
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Hussey President 1.00
Officer Director
$0 $0 $0
Andrew Varnon Treasurer 1.00
Officer Director
$0 $0 $0
Genevieve Lawlor Clerk 1.00
Officer Director
$0 $0 $0
Madeline Miller Executive Director 10.00
Director Key Emp
$29,835 $0 $29,835
Andrea Michael 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
2025 $201,690 $185,590 $188,609 $16,100
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