THE ARTS ASYLUM

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

EVIE CRAIG

Phone

8163017444

Tax Period

2024-01-01 to 2024-12-31

THE ARTS ASYLUM, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $292K in total revenue in fiscal year 2024. Expenses of $266K left a modest 9% surplus.

Mission

THE ARTS ASYLUM WAS CREATED TO PROVIDE SPACE AND ASSISTANCE TO ARTISTS OF ALL VARIETIES. THIS IS ACCOMPLISHED THROUGH THE OFFERING OF GALLERY SPACE TO BOTH CREATE AND SHARE AT AFFORDABLE RATES, STUDIOS FOR ARTISTS, THE JAMES AND MARJORIE THEATER FOR LIVE PERFORMANCES AND EVENTS, AND ONGOING PROGRAMMING, AND ASSISTANCE FROM OUR TEAM.

Program Service Accomplishments

Program 1

Expenses: $52,980 Revenue: $66,642

THEATRE PROGRAM - INCLUDES PRODUCING AND CO-PRODUCING AN ANNUAL SEASON OF PROFESSIONAL QUALITY PERFORMANCES FROM LOCAL TALENT AT ACCESSIBLE AND AFFORDABLE PRICES. IN ADDITION TO OUR OWN PRODUCTIONS...

Program 2

Expenses: $19,075 Revenue: $23,900

OUTREACH PROGRAMS - INCLUDES PROVIDING VISUAL ART WORKS TO THE PUBLIC GALLERIES AT THE ARTS ASYLUM'S ANNEX GALLERY AT CRAFT SAGE FINANCIAL SERVICES IN THE CROSSROADS, AT THE COMMUNITY ROOM AT...

OUTREACH PROGRAMS - INCLUDES PROVIDING VISUAL ART WORKS TO THE PUBLIC GALLERIES AT THE ARTS ASYLUM'S ANNEX GALLERY AT CRAFT SAGE FINANCIAL SERVICES IN THE CROSSROADS, AT THE COMMUNITY ROOM AT PENDLETON ARTSBLOCK AND QUINLAN PLACE HOUSING DEVELOPMENTS; COORDINATING ARTS PROGRAMMING AT PENDLETON ARTSBLOCK; AND MANAGING AN OUR TOWN GRANT FROM THE NEA ("LOVE WHERE YOU LIVE") THAT IS DEVELOPING A PUBLIC ARTS PROGRAM IN KANSAS CITY'S HISTORIC NORTHEAST.

Program 3

Expenses: $5,453 Revenue: $28,500

EDUCATION PROGRAM - INCLUDES PROVIDING THEATRE ARTS EDUCATION AT THE SOUTH KANSAS CITY PERFORMING ARTS ACADEMY AS PART OF THE SCHOOL'S REGULAR CURRICULUM AND CONTRACTING WITH LOCAL PROFESSIONALS AS FACULTY. ADDITIONALLY, THE ARTS ASYLUM IS A KEY PARTNER WITH STARLIGHT THEATER IN TECH THEATER PROGRAM, WHICH TECH THEATRE TRAINING PROGRAM THAT IS DESIGNED TO EQUIP KANSAS CITY AREA HIGH SCHOOL STUDENTS WITH THE SKILLS AND TRAINING THAT CAN LEAD TO A FRUITFUL CAREER IN THE THEATRE AND ENTERTAINMENT INDUSTRIES. PARTICIPANTS ARE TRAINED UNDER THE GUIDANCE OF INDUSTRY PROFESSIONALS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $156,154

Program Service Revenue $132,602

Investment Income $0

Other Revenue $3,097

TOTAL REVENUE $291,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,508

Other Expenses $266,133

TOTAL EXPENSES $266,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,853	$293,051	0.0%
Expenses	$266,133	$246,784	+0.1%
Net Income	$25,720	$46,267	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MEGAN FORBES	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEX PERRY	CHAIR	5.00	Officer Director	$0	$0	$0
COURTNEY PERRY	EDUCATION DIRECTOR	40.00	Officer Director	$0	$0	$0
EVIE CRAIG	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
CHRISTOPHER BARKSDALE-BURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLENA RICHARDSON BLACKMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AARON SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON EBLEN	TREASURER	1.00	Officer Director	$0	$0	$0
KOREY CHILDS	ARTISTIC DIRECTOR	40.00	Officer Director	$0	$0	$0
EMILIO OLVERA	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	$291,853	$266,133	$592,200	$25,720
2023	$293,051	$246,784	$582,608	$46,267
2022	$164,434	$179,128	$549,143	$-14,694
2021	$268,015	$305,567	$573,680	$-37,552
2020	$163,573	$246,909	$224,702	$-83,336
2019	$464,000	$330,231	$168,876	$133,769
2018	$214,937	$212,111	$27,982	$2,826