COLLINGWOOD ARTS 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

1985

Legal Domicile

Principal Officer

JUSTIN RICHMOND

Phone

4192442787

Tax Period

2023-01-01 to 2023-12-31

COLLINGWOOD ARTS CENTER INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $243K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE PEOPLE AND ARTS COMMUNITY OF GREATER TOLEDO A UNIQUE SPACE WHEREIN CREATIVITY, DIVERSITY, AND ARTISTIC EXPRESSION IS FOSTERED AND NOURISHED. THEREBY SERVING THE CULTURAL, EDUCATIONAL AND AESTHETICAL NEEDS OF OUR REGION.

Program Service Accomplishments

Program 1

Expenses: $241,945 Revenue: $209,902

SINCE 1985, THE COLLINGWOOD ARTS CENTER PROVIDES AN OUTLET FOR CREATIVE INVOLVEMENT FOR THE COMMUNITY WHILE PRESERVING A HISTORIC SPACE. THE CAMPUS FEATURES THE NELSON THEATER, THE UNDERGROUND...

SINCE 1985, THE COLLINGWOOD ARTS CENTER PROVIDES AN OUTLET FOR CREATIVE INVOLVEMENT FOR THE COMMUNITY WHILE PRESERVING A HISTORIC SPACE. THE CAMPUS FEATURES THE NELSON THEATER, THE UNDERGROUND THEATER, THE GERBER HOUSE, AND A VARIETY OF AVAILABLE STUDIO SPACES AND GALLERIES. LEVERAGING COMMUNITY PARTNERSHIPS WITH ORGANIZATIONS SUCH AS CHILDREN'S THEATER WORKSHOP, THE ARTS COMMISSION, AIGA TOLEDO, BIRD'S EYE VIEW CIRCUS, AND THE OLD WEST END ASSOCIATION, THE CENTER OFFERS A FULL RANGE OF ARTISTIC OUTLET.

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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 (2023)

Revenue Breakdown

Contributions & Grants $33,214

Program Service Revenue $209,902

Investment Income $245

Other Revenue $0

TOTAL REVENUE $243,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,534

Fundraising Expenses $0

Program Expenses $241,945

Other Expenses $154,411

TOTAL EXPENSES $241,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,361	$210,634	+0.2%
Expenses	$241,945	$234,478	+0.0%
Net Income	$1,416	$-23,844	-1.1%

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

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
JUSTIN RICHMOND	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALISON HUFTALEN	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BELL	TREASURER	2.00	Officer Director	$0	$0	$0
MARIA IAFELICE	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWARD HOFFMAN	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$243,361	$241,945	$484,214	$1,416
2022	$210,634	$234,478	$481,211	$-23,844
2021	$190,872	$159,642	$494,302	$31,230
2020	$156,051	$186,221	$460,872	$-30,170
2019	$197,768	$195,034	$491,042	$2,734
2018	$211,899	$164,677	$488,310	$47,222