ARTWORKS CENTER FOR CONTEMPORARY A… - Form 990 Financial Data

🔒

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

Principal Officer

JENNIE MILLNER

Phone

9706635555

Tax Period

2024-01-01 to 2024-12-31

ARTWORKS CENTER FOR CONTEMPORARY ART is a small nonprofit in the Arts, Culture & Humanities sector that reported $169K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $32K, a strong 19% operating margin.

Mission

THE MISSION OF ARTWORKS CENTER FOR CONEMPORARY ART IS TO BRING TOGETHER ARTISTS AND THE COMMUNITY THROUGH CONTEMPORARY ART.

Program Service Accomplishments

Program 1

Expenses: $116,144 Revenue: $128,182

PROVIDING INCUBATOR STUDIOS FOR EARLY AND MID-CAREER VISUAL ARTISTS IN THE LOVELAND COMMUNITY. STUDIO EVENTS ARE HELD TO PROVIDE THE COMMUNITY WITH ART EVENTS AND TO PROVIDE EXPOSURE FOR THE ARTISTS.

🔒

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 $35,237

Program Service Revenue $128,182

Investment Income $15

Other Revenue $5,652

TOTAL REVENUE $169,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,473

Fundraising Expenses $0

Program Expenses $116,198

Other Expenses $116,889

TOTAL EXPENSES $137,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,086	$188,559	-0.1%
Expenses	$137,362	$172,865	-0.2%
Net Income	$31,724	$15,694	+1.0%

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

Volunteers

N/A

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
JULES GILLEN	EDUCATION CH	N/A	Officer	$0	$0	$0
ALISHA LEE JEFFERS	SECRETARY	N/A	Officer	$0	$0	$0
JENNIE MILLNER	PRESIDENT	N/A	Officer	$0	$0	$0
SUSAN STALEY	TREASURER	N/A	Officer	$0	$0	$0
ELIZABETH SURIANI	EXHIBITIONS	N/A	Officer	$0	$0	$0
CHERI WANEKA	VP	N/A	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	$169,086	$137,362	$64,886	$31,724
2023	$188,559	$172,865	$32,804	$15,694
2022	$197,529	$191,047	$18,567	$6,482

ARTWORKS CENTER FOR CONTEMPORARY ART