CHARLOTTE STREET FOUNDATION

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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

1997

Legal Domicile

Principal Officer

AMY KLIGMAN

Phone

8162215115

Tax Period

2023-01-01 to 2023-12-31

CHARLOTTE STREET FOUNDATION, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

CSF IDENTIFIES THE NEEDS AND FUELS THE EVOLUTION OF AN EVER-CHANGING MULTI-DISCIPLINARY ARTS ECOSYSTEM, ACTING AS ITS PRIMARY PROVOCATEUR. WE CULTIVATE THE CONTEMPORARY, THE EXCEPTIONAL, AND THE UNEXPECTED IN THE PRACTICE OF ARTISTS WORKING IN AND ENGAGING WITH THE KANSAS CITY ART COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $94,125

STUDIO RESIDENCY PROGRAM - TO SUPPORT ARTISTS WITH ONE YEAR STUDIO RESIDENCIES (RENEWABLE FOR UP TO TWO YEARS) AND PROFESSIONAL DEVELOPMENT PROGRAMMING

Program 2

Expenses: $122,601

ROCKET GRANTS PROGRAM: TO PROVIDE GRANTS SUPPORTING INNOVATIVE, EXPERIMENTAL,ARTIST-DRIVEN PROJECTS THAT ARE DEVELOPED OUTSIDE TRADITIONAL ARTS VENUES AND OCCUR WITHIN AN 80-MILE RADIUS OF KANSAS...

ROCKET GRANTS PROGRAM: TO PROVIDE GRANTS SUPPORTING INNOVATIVE, EXPERIMENTAL,ARTIST-DRIVEN PROJECTS THAT ARE DEVELOPED OUTSIDE TRADITIONAL ARTS VENUES AND OCCUR WITHIN AN 80-MILE RADIUS OF KANSAS CITY.

Program 3

Expenses: $275,729

PUBLIC PROGRAMS: TO FOSTER THE CREATION AND PRESENTATION OF INNOVATIVE, RISK-TAKING CONTEMPORARY ARTS PROGRAMMING THAT NURTURES THE WORK OF OUTSTANDING GENERATIVE ARTISTS OF ALL DISCIPLINES AND ADDS...

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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 $1,256,762

Program Service Revenue $0

Investment Income $50,366

Other Revenue $-53,427

TOTAL REVENUE $1,253,701

Expense Breakdown

Grants Paid $271,125

Salaries & Benefits $551,582

Fundraising Expenses $129,052

Program Expenses $877,237

Other Expenses $639,579

TOTAL EXPENSES $1,462,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,253,701	$1,339,498	-0.1%
Expenses	$1,462,286	$1,520,862	0.0%
Net Income	$-208,585	$-181,364	+0.2%

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

100

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
JEAN-PAUL WONG	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
JOSE FAUS	PRESIDENT	4.00	Officer Director	$0	$0	$0
DARREN ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
CATHY SMITH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA MCCRAY	DIRECTOR	1.00	Director	$0	$0	$0
TOMA WOLFF	SECRETARY	2.00	Officer Director	$0	$0	$0
JESSIE MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSUE MONTES	DIRECTOR	1.00	Director	$0	$0	$0
ELVIS ACHELPOHL	DIRECTOR	1.00	Director	$0	$0	$0
RASHAWN GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE MILLER	TREASURER	2.00	Officer Director	$0	$0	$0
ELLEN COPAKEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
LISA SCHMITZ	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	No data	No data	No data	No data
2023	$1,253,701	$1,462,286	$10,006,090	$-208,585
2022	$1,339,498	$1,520,862	$9,920,692	$-181,364
2021	$1,645,479	$1,428,711	$10,563,973	$216,768
2020	$3,122,725	$897,652	$10,244,255	$2,225,073
2019	$5,954,385	$920,480	$8,014,127	$5,033,905
2018	$1,871,835	$820,699	$2,787,819	$1,051,136