VENANGO CENTER FOR CREATIVE DEVELO… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

VERONICA BEITH

Phone

8144375822

Tax Period

2020-09-01 to 2021-08-31

VENANGO CENTER FOR CREATIVE DEVELOPMENT, founded in 1978, is a micro nonprofit in the Unknown sector that reported $19K in total revenue in fiscal year 2020. Revenue decreased 13% compared to the prior year.

Mission

PROVIDE COMMUNITY ORIENATED SERVICES

Program Service Accomplishments

Program 1

Expenses: $17,095 Revenue: $10,536

COMMUNITY EDUCATION, ARTS, SPECIAL EVENTS, COMMUNITY SERVICE, AND PHYSICAL PROGRAMS FOR ADULTS AND YOUTH. THE CENTER SPONSERS ART CLASSES AND CULTURAL EXCHANGE PROGRAMS FOR PARTICIPANTS. THE CENTER IS ALSO INVOLVED IN COMMUNITY ACTIVITIES SUCH AS CHRISTMAS AND HALLOWEEN ACTIVITIES FOR THE AREA CHILDREN AND IS INVOLVED IN COMMUNITY AND REGIONAL NETWORKING. ARTS AND CULTURE ARE UTILIZED TO ENHANCE THE AREA BY MAKING IT A NICER PLACE TO LIVE BY INTRODUCING A WIDE VARIETY OF QUALITY ARTS EDUCATION AND ENTERTAINMENT, AND ENHANCING THE DOWNTOWN PROMOTIONS.

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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 $8,000

Program Service Revenue $10,530

Investment Income $6

Other Revenue $0

TOTAL REVENUE $18,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,095

Other Expenses $18,101

TOTAL EXPENSES $18,101

Year-over-Year Comparison

	2020	2019	Change
Revenue	$18,536	$21,194	-0.1%
Expenses	$18,101	$24,186	-0.3%
Net Income	$435	$-2,992	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERONICA BEITH	DIRECTOR	1.00	Director	$0	$0	$0
N/A	CONSULTANT	0.00		$0	$0	$0
N/A	PRESIDENT	0.00		$0	$0	$0
N/A	SECRETARY/TREASURER	0.00		$0	$0	$0
N/A	VICE PRESIDENT	0.00		$0	$0	$0
N/A	CONSULTANT	0.00		$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	$18,536	$18,101	$2,562	$435
2020	$21,194	$24,186	$2,127	$-2,992
2019	$20,905	$24,219	$5,119	$-3,314
2018	$27,909	$27,076	$8,433	$833

VENANGO CENTER FOR CREATIVE DEVELOPMENT