ARTISTS COLLECTIVE SPARTANBURG INC (EIN 271069261) - 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

BETH REGULA

Phone

8643846255

Tax Period

2023-01-01 to 2023-12-31

ARTISTS COLLECTIVE SPARTANBURG INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $174K in total revenue in fiscal year 2023. Expenses of $156K left a modest 10% surplus.

Mission

THE PURPOSE OF THE ARTISTS COLLECTIVE SPARTANBURG, INC. IS TO PROVIDE A FORUM AND HOME FOR THE ARTS AND THE CREATIVE POPULATION OF THE AREA, AND TO PROVIDE FACILITIES AND SERVICES AVAILABLE TO ARTIST MEMBERS WHO NEED A PLACE TO EXHIBIT, PERFORM OR CREATE THEIR ORIGINAL ARTWORK, ESPECIALLY THOSE WHO CANNOT OBTAIN SPACE TO EXHIBIT OR PERFORM FROM TRADITIONAL SOURCES BECAUSE OF FINANCIAL OR OTHER LIMITATIONS.

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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 $77,105

Program Service Revenue $83,512

Investment Income $1,842

Other Revenue $11,143

TOTAL REVENUE $173,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,749

Fundraising Expenses $7,119

Program Expenses $119,058

Other Expenses $115,091

TOTAL EXPENSES $155,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,602	$164,493	+0.1%
Expenses	$155,840	$173,900	-0.1%
Net Income	$17,762	$-9,407	-2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE BRANDT III	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM MAYROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN STRICKLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
COLEMAN EDMUNDS	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER GRZAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH REGULA	CHAIR	1.00	Officer	$0	$0	$0
CRAIG DENESHA	VICE CHAIR	1.00	Officer	$0	$0	$0
DENNIS REGULA	TREASURER	1.00	Officer	$0	$0	$0
GALE ROBERTS	SECRETARY	1.00	Officer	$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	$173,602	$155,840	$749,895	$17,762
2022	$164,493	$173,900	$741,807	$-9,407
2021	$169,149	$140,568	$148,980	$28,581

ARTISTS COLLECTIVE SPARTANBURG INC