CENTER FOR THE ARTS INC (EIN 261438816) - 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

2007

Legal Domicile

Principal Officer

REGINA WARD

Phone

6159042787

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR THE ARTS INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $687K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $875K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROMOTION OF VARIOUS CULTURAL EVENTS (ART EXHIBITS, SHOWS, FESTIVALS) TO BENEFIT COMMUNITY

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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 $234,158

Program Service Revenue $419,708

Investment Income $0

Other Revenue $33,631

TOTAL REVENUE $687,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,255

Fundraising Expenses $14,518

Program Expenses $694,496

Other Expenses $492,858

TOTAL EXPENSES $875,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$687,497	$744,118	-0.1%
Expenses	$875,113	$713,824	+0.2%
Net Income	$-187,616	$30,294	-7.2%

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

206

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

$88,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW STUMP	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT LEDBETTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY CALDWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL THOMAS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL BROWNING	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ELLEN SLICKER	BOARD MEMBER	1.00	Director	$0	$0	$0
REGINA WARD	EXECUTIVE DIRECTOR	40.00	Director	$88,539	$0	$88,539
ANGELA LYLES	TREASURER	1.00	Officer Director	$0	$0	$0
DR GLORIA BONNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC PARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN STONE	BOARD MEMBER	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	No data	No data	No data	No data
2023	$687,497	$875,113	$930,842	$-187,616
2022	$744,118	$713,824	$1,096,414	$30,294
2021	$629,056	$448,902	$1,554,476	$180,154
2020	$420,218	$429,342	$1,025,873	$-9,124
2019	$696,567	$715,186	$921,440	$-18,619
2018	$551,356	$515,007	$907,390	$36,349

CENTER FOR THE ARTS INC