CHILDRENS ART STUDIO

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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

2008

Legal Domicile

Principal Officer

NICOLE BRANDES

Phone

2022471155

Tax Period

2023-11-01 to 2024-10-31

CHILDRENS ART STUDIO, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $159K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

The Children's Art Studio is founded on the belief that children will reap tremendous developmental, intellectual and emotional gains from making art, and that this opportunity should be made available to all. The Children's Art Studio offers professional workshops, classes and camps for children three years old and up.

Program Service Accomplishments

Program 1

Expenses: $107,405

The Childrens Art Studio, Washington DC, provides direct creative arts instruction to over 450 young students per week and professional development workshops for 60 teachers from 11 schools...

The Childrens Art Studio, Washington DC, provides direct creative arts instruction to over 450 young students per week and professional development workshops for 60 teachers from 11 schools throughout the academic year. The organization is founded on the belief that young people reap tremendous emotional, developmental and intellectual gains from making art and that this opportunity should be made available to all. The Children's Art Studio has a strategic partnership with Educare, located in the Parkside neighborhood in Ward 7 and the Town Hall Education Arts Recreation Campus in Ward 8. Our work with young children aims to eliminate the opportunity gap to access quality arts instruction for those experiencing poverty in Washington, DC. By creating the conditions to deeply engage in creating art, the program promotes growth across a wide range of domains, producing positive advancement for children's learning in the classroom and beyond. Our students experience the overall benefits of creativity, which brings a sense of calm, stability and joy.Our professional development workshops give teachers from every part of the city the opportunity to develop new skills and processes, and incorporate art making pedagogy into their overall lesson plans. Teachers receive individualized coaching to improve their capacity and fidelity. Teachers are encouraged to shift the social-emotional learning environment in their classrooms through engaging and structured art lessons, and to enhance student learning by using a rich variety of materials and methods.

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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 (2023)

Revenue Breakdown

Contributions & Grants $143,134

Program Service Revenue $15,452

Investment Income $0

Other Revenue $0

TOTAL REVENUE $158,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,048

Fundraising Expenses $29,946

Program Expenses $107,405

Other Expenses $49,094

TOTAL EXPENSES $173,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,586	$222,819	-0.3%
Expenses	$173,142	$236,250	-0.3%
Net Income	$-14,556	$-13,431	+0.1%

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

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

$130,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE BRANDES	CHAIR	40.00	Officer	$130,000	$0	$130,000
NIA FRANCIS	Director	1.00	Director	$0	$0	$0
SHEENA FOSTER	Director	1.00	Director	$0	$0	$0
SULAFA WEBSTER	Director	1.00	Director	$0	$0	$0
UWE BRANDES	Director	1.00	Director	$0	$0	$0
JENNIFER ANDREWS	Director	1.00	Director	$0	$0	$0
ALLISON HOWARD	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
2024	$158,586	$173,142	$3,559	$-14,556
2023	$222,819	$236,250	$14,437	$-13,431
2022	$173,963	$152,447	$28,098	$21,516
2021	$162,778	$162,779	$3,998	$-1
2020	$151,817	$149,445	$4,072	$2,372
2019	$214,220	$214,264	$3,541	$-44