Cleveland, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOLUKE CULTURAL ARTS CENTER INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $217K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring.
Our mission is to offer exposure to and instruction in the performing arts, visual arts, and arts education for all ages regardless of religious affiliation or economic background. We provide after school and summer arts activities for childre, youth, and teens in addition to arts activities for seniors and disabled adults in underserved areas.
Foluke Cultural Arts is currently providing in-person arts programming to over 800 students attending Friendly Inn Settlement House Community Center after school and on Saturdays for Foluke...
Foluke Cultural Arts is currently providing in-person arts programming to over 800 students attending Friendly Inn Settlement House Community Center after school and on Saturdays for Foluke SaturdayARTS programming, also at Friendly Inn. Foluke Cultural Arts is providing arts services/programming at Friendly Inn Settlement, in addition to four inner-ring suburban High School through the Closing the Achievement Gap (CTAG)/Students of Promise program. Foluke Cultural Arts is also in the process of building new partnerships with new clients.
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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $217,216 | $375,344 | -0.4% |
| Expenses | $215,647 | $371,972 | -0.4% |
| Net Income | $1,569 | $3,372 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dava Cansler | Executive Director | 40 |
Key Emp
|
$30,000 | $0 | $30,000 |
| Monique Biggers | Administrative Assistant | 40 |
Key Emp
|
$28,750 | $0 | $28,750 |
| Sharyse Jones | Board President | 4 |
Officer
Director
|
$0 | $0 | $0 |
| Siobhan Dupree | Board Treasurer | 0 |
Officer
Director
|
$0 | $0 | $0 |
| Arnetta Matthews | Board Member | 4 |
Director
|
$0 | $0 | $0 |
| Jessica Cheng | Board Member | 4 |
Director
|
$0 | $0 | $0 |
| Lisanetta McDade | Board Member | 4 |
Director
|
$0 | $0 | $0 |
| Meadow Walker | Board Member | 4 |
Director
|
$0 | $0 | $0 |
| Gwendolyn Garth | Board Member | 2 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $217,216 | $215,647 | $1,569 | $1,569 |
| 2023 | $375,344 | $371,972 | $3,372 | $3,372 |
| 2022 | $390,882 | $297,896 | $92,986 | $92,986 |
| 2021 | $207,443 | $202,114 | $5,329 | $5,329 |
| 2020 | $185,884 | $48,153 | $137,731 | $137,731 |
Compare FOLUKE CULTURAL ARTS CENTER INC with other nonprofits in Ohio and across the country.