GRAY AREA FOUNDATION FOR THE ARTS (EIN 263383316) - 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

2009

Legal Domicile

Principal Officer

BARRY THREW

Phone

4158431423

Tax Period

2023-01-01 to 2023-12-31

GRAY AREA FOUNDATION FOR THE ARTS, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum.

Mission

GRAY AREA FOUNDATION FOR THE ARTS APPLIES ART AND TECHNOLOGY TO CREATE POSITIVE SOCIAL IMPACT.

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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 $1,714,428

Program Service Revenue $4,981,718

Investment Income $-2,273

Other Revenue $0

TOTAL REVENUE $6,693,873

Expense Breakdown

Grants Paid $15,120

Salaries & Benefits $1,950,724

Fundraising Expenses $57,058

Program Expenses $6,702,193

Other Expenses $5,029,418

TOTAL EXPENSES $6,995,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,693,873	$4,270,601	+0.6%
Expenses	$6,995,262	$4,315,724	+0.6%
Net Income	$-301,389	$-45,123	+5.7%

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

$106,848

Total Directors

$202,348

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE SELKEN	CO -CHAIRPERSON	3.00	Officer Director	$0	$0	$0
DAVE ELFVING	CO -CHAIRPERSON	3.00	Officer Director	$0	$0	$0
ABBY DIAZ HADIDIAN	TREASURER	2.00	Officer Director	$0	$0	$0
DOROTHY SANTOS	SECRETARY	2.00	Officer Director	$0	$0	$0
NADAV HOCHMAN	ASSOC. DIRECTOR	40.00	Director	$95,500	$0	$95,500
MARTIN RAUCHBAUER	DIRECTOR	2.00	Officer Director	$0	$0	$0
GRACE WONG	DIRECTOR	2.00	Officer Director	$0	$0	$0
BARRY THREW	CEO	40.00	Officer Director	$106,848	$0	$106,848
CAMERON LONYEAR	AIR OPERATIONS MANAGER	40.00	Highest	$178,098	$0	$178,098
JESSICA SHAEFER	AIR PROGRAM LEAD	40.00	Highest	$146,162	$0	$146,162
ANNE SCHNEIDER	AIR PROJECT PRODUCER	40.00	Highest	$140,083	$0	$140,083
STEPHANIE BAPTIST	AIR PROJECT PRODUCER	40.00	Highest	$125,972	$0	$125,972
RACHELLE REICHERT	AIR OPERATIONS MANAGER	40.00	Highest	$113,878	$5,000	$118,878

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	$6,693,873	$6,995,262	$2,346,614	$-301,389
2022	$4,270,601	$4,315,724	$2,316,973	$-45,123
2021	$4,455,887	$3,748,624	$1,951,369	$707,263
2020	$1,319,367	$1,611,032	$789,869	$-291,665
2019	$1,444,016	$1,536,981	$394,009	$-92,965
2018	$1,449,564	$1,590,279	$432,779	$-140,715

GRAY AREA FOUNDATION FOR THE ARTS