OLD TOWN ARTISAN STUDIO INC (EIN 264437263) - 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

JEFF GELDERMANN

Phone

7607771444

Tax Period

2024-01-01 to 2024-12-31

OLD TOWN ARTISAN STUDIO INC, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $1.3M left a modest 6% surplus.

Mission

Old Town Artisan Studios is committed to providing art experiences for all people regardless of age, ability, or financial condition. We believe art is healing and has an everlasting positive impact on each of us and the world around us.

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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 (2024)

Revenue Breakdown

Contributions & Grants $578,029

Program Service Revenue $555,729

Investment Income $59,667

Other Revenue $194,020

TOTAL REVENUE $1,387,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $744,395

Fundraising Expenses $0

Program Expenses $992,013

Other Expenses $558,300

TOTAL EXPENSES $1,302,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,387,445	$1,659,454	-0.2%
Expenses	$1,302,695	$1,292,237	+0.0%
Net Income	$84,750	$367,217	-0.8%

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

236

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
SUZANNE SHIRLEY	COO	40.00		$71,562	$0	$71,562
MILLIE PEARSON	Director	1.00	Director	$0	$0	$0
CYNTHIA BEESEMYER	Director	1.00	Director	$0	$0	$0
FRAN DAVIDSON	Director	1.00	Director	$0	$0	$0
SARAH SCHMOLKE	Director	1.00	Director	$0	$0	$0
MATT JOHNSON	Director	1.00	Director	$0	$0	$0
JEFF GELDERMANN	Chairman	10.00	Officer Director	$0	$0	$0
KEN HARTH	Director	1.00	Director	$0	$0	$0
SEAN WEBB	Vice Chairman	2.00	Officer Director	$0	$0	$0
LESLIE LOCKEN	Director	1.00	Director	$0	$0	$0
DAVID TURNER	Director	1.00	Director	$0	$0	$0
BETTY SAIDEL	President	10.00	Officer Director	$0	$0	$0
DEBORAH TRYON	Secretary	1.00	Officer 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	$1,387,445	$1,302,695	$5,372,668	$84,750
2023	$1,659,454	$1,292,237	$5,283,096	$367,217
2022	$1,073,808	$1,111,918	$4,872,478	$-38,110
2021	$2,049,453	$856,553	$4,736,999	$1,192,900
2020	$1,078,479	$798,787	$3,516,821	$279,692
2019	$1,008,128	$769,972	$3,456,284	$238,156
2018	$973,590	$656,178	$3,545,671	$317,412

OLD TOWN ARTISAN STUDIO INC