FORT WORTH COMMUNITY ARTS CENTER INC (EIN 270051555) - 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

2005

Legal Domicile

Principal Officer

WESLEY GENTLE

Phone

8177381938

Tax Period

2023-10-01 to 2024-09-30

FORT WORTH COMMUNITY ARTS CENTER INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $703K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $864K exceeded revenue, resulting in a 23% operating deficit.

Mission

SUPPORT VISUAL, PERFORMING, LITERARY ARTISTS, ARTS ORGANIZATIONS AND THE COMMUNITY AT LARGE.

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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 $250,627

Program Service Revenue $346,436

Investment Income $0

Other Revenue $105,722

TOTAL REVENUE $702,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $476,080

Fundraising Expenses $8,079

Program Expenses $544,094

Other Expenses $387,993

TOTAL EXPENSES $864,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,785	$1,202,117	-0.4%
Expenses	$864,073	$811,947	+0.1%
Net Income	$-161,288	$390,170	-1.4%

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

$320,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY GENTLE	President	1.00	Officer	$0	$15,545	$117,003
MARTHA PETERS	DIR-PUBLIC ART	1.00	Officer	$0	$13,772	$110,421
MARLA OWEN	CENTER DIRECTOR	40.00	Officer	$80,113	$12,653	$92,766
TANISIA CASTILLO-QUEPPET	Director	1.00	Director	$0	$0	$0
ESTRUS TUCKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MEGAN HENDERSON	Chairman	2.00	Officer Director	$0	$0	$0
STEVE GORDON	Director	1.00	Director	$0	$0	$0
KATHERINE SMITH	Secretary	2.00	Officer Director	$0	$0	$0
CARTER SHACKELFORD	Director	1.00	Director	$0	$0	$0
WHITNEY MCLEAN	Director	1.00	Director	$0	$0	$0
DUSTY LEWIS	Director	1.00	Director	$0	$0	$0
LAUREN EAST	Director	1.00	Director	$0	$0	$0
BLAKE MOORMAN	Director	1.00	Director	$0	$0	$0
STEVE MONTGOMERY	Director	1.00	Director	$0	$0	$0
LISA POWERS MILLER	Director	1.00	Director	$0	$0	$0
ROBERT L JAMESON	Director	1.00	Director	$0	$0	$0
SABRINA ROMERO-WILSON	Director	1.00	Director	$0	$0	$0
GLENDA THOMPSON	Director	1.00	Director	$0	$0	$0
JESSICA SANGSVANG	Director	1.00	Director	$0	$0	$0
GRANT SUMMERS	Treasurer	2.00	Officer Director	$0	$0	$0
SHANNA SALDANA	Director	1.00	Director	$0	$0	$0
DAWN TAFT	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	$702,785	$864,073	$637,452	$-161,288
2023	$1,202,117	$811,947	$905,260	$390,170
2022	$578,729	$746,637	$123,631	$-167,908
2021	$729,515	$613,739	$233,631	$115,776
2020	$641,523	$770,950	$187,827	$-129,427
2019	$841,746	$833,561	$267,600	$8,185
2018	$884,941	$837,251	$201,587	$47,690

FORT WORTH COMMUNITY ARTS CENTER INC