VALLEY ART CENTER INC

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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

1971

Legal Domicile

Principal Officer

AUSTIN WIELAND

Phone

4402477507

Tax Period

2024-07-01 to 2025-06-30

VALLEY ART CENTER INC, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $769K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

VALLEY ART CENTER'S MISSION IS TO ENRICH AND INSPIRE THE COMMUNITY THROUGH MEANINGFUL VISUAL ART EDUCATION, EXHIBITIONS, EVENTS AND PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $322,329 Revenue: $357,011

ART CLASSES AND WORKSHOPS FOR STUDENTS HELD AT VALLEY ART CENTER. IN A NORMAL YEAR, THERE ARE SEVEN SESSIONS OF CLASSES WITH 1,500 STUDENTS OR AN AVERAGE OF APPROXIMATELY 6 STUDENTS PER CLASS.

Program 2

Expenses: $145,052 Revenue: $53,484

GALLERY ART SHOWS TO PROMOTE RECOGNITION OF ARTISTS AND PUBLIC AWARENESS OF THE ARTS. ALL SHOWS ARE FREE & OPEN TO THE PUBLIC. IN A NORMAL YEAR THERE ARE FIVE TO NINE DIFFERENT GALLERY SHOWS DURING...

Program 3

Expenses: $132,485 Revenue: $147,205

ART BY THE FALLS IS A FINE ARTS FESTIVAL HELD IN A PUBLIC PARK IN THE CENTER OF THE CHAGRIN VALLEY, PRESENTED TO ADVANCE ART APPRECIATION WITHIN THE COMMUNITY AND PROVIDE 140 - 160 ARTISTS A VENUE TO EXHIBIT AND SELL THEIR WORK. THE EVENT IS FREE AND OPEN TO THE PUBLIC. ART BY THE FALLS IS ATTENDED BY APPROXIMATELY 20,000 ATTENDEES OVER A COURSE OF TWO DAYS AND HAS BEEN PRESENTED CONTINUOUSLY SINCE 1983.

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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 $174,202

Program Service Revenue $557,700

Investment Income $11,493

Other Revenue $25,794

TOTAL REVENUE $769,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,799

Fundraising Expenses $31,316

Program Expenses $648,691

Other Expenses $482,841

TOTAL EXPENSES $768,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$769,189	$1,137,540	-0.3%
Expenses	$768,640	$707,884	+0.1%
Net Income	$549	$429,656	-1.0%

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

170

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

$62,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA GRUSS	FORMER EXEC	40.00	Officer	$62,292	$0	$62,292
MELISSA BERTKE	PAST PRESIDE	4.00	Officer Director	$0	$0	$0
STEPHEN BURKS	TRUSTEE	1.00	Director	$0	$0	$0
MIKE BUTLER	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER CRAWFORD	TRUSTEE	1.00	Director	$0	$0	$0
KAREN CUNNINGHAM	PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDREA DAWSON	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY GALANTE	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET HEYDORN	TRUSTEE	1.00	Director	$0	$0	$0
YELENA KATZ	TRUSTEE	1.00	Director	$0	$0	$0
JULIE MAROUS	TRUSTEE	1.00	Director	$0	$0	$0
ADAM PHILLIP	TREASURER	4.00	Officer Director	$0	$0	$0
MARGOT PROKOP	TRUSTEE	1.00	Director	$0	$0	$0
ERIN SHANK	TRUSTEE	1.00	Director	$0	$0	$0
LYNN VAIL	TRUSTEE	1.00	Director	$0	$0	$0
MARIANNE VENIERO	TRUSTEE	1.00	Director	$0	$0	$0
PAM WILSON	SECRETARY	4.00	Officer Director	$0	$0	$0
AUSTIN WIELAND	EXECUTIVE DI	40.00	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
2025	$769,189	$768,640	$1,421,173	$549
2024	$1,137,540	$707,884	$1,376,808	$429,656
2023	$693,164	$539,372	$893,711	$153,792
2022	$467,742	$446,757	$693,205	$20,985
2021	$374,933	$370,997	$758,106	$3,936
2020	$346,119	$378,771	$611,971	$-32,652
2019	$434,159	$414,115	$597,074	$20,044