THE CHARLES ADAMS STUDIO PROJECT (EIN 271238391) - 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

2010

Legal Domicile

Principal Officer

CHRISTOPHER TIREY

Phone

8067628606

Tax Period

2024-10-01 to 2025-09-30

THE CHARLES ADAMS STUDIO PROJECT, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $462K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $2.9M represent 75 months of operating reserves.

Mission

THE CHARLES ADAMS STUDIO PROJECT WILL SERVE AS A CORNERSTONE IN THE LUBBOCK ARTS DISTRICT BY DEVELOPING AND SUSTAINING A VIABLE WORKING ARTISTS' COMMUNITY.

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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 $314,056

Program Service Revenue $13,791

Investment Income $35,654

Other Revenue $98,317

TOTAL REVENUE $461,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $416,678

Other Expenses $478,825

TOTAL EXPENSES $478,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,818	$490,254	-0.1%
Expenses	$478,825	$431,482	+0.1%
Net Income	$-17,007	$58,772	-1.3%

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

N/A

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
JOE ARREDONDO	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIANNA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BURROWS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EBTESAM ISLAM	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON ISOM	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE LEAVELL	DIRECTOR	1.00	Director	$0	$0	$0
TED LIGGETT	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MARBLE	DIRECTOR	1.00	Director	$0	$0	$0
JASON MEDINA	DIRECTOR	1.00	Director	$0	$0	$0
DAN ODOM	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER TIREY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRETT WOMBLE	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
2025	$461,818	$478,825	$2,882,937	$-17,007
2024	$490,254	$431,482	$2,899,944	$58,772
2023	$407,693	$551,307	$2,841,172	$-143,614
2022	$399,488	$353,619	$2,984,786	$45,869
2021	$356,030	$347,294	$2,938,917	$8,736
2020	$224,028	$327,274	$2,930,181	$-103,246
2019	$603,762	$342,681	$3,033,427	$261,081

THE CHARLES ADAMS STUDIO PROJECT