THE CENTER FOR THE ARTS AT THE ARMORY INC (EIN 342056194) - Form 990 Financial Analysis & Trantor Score

🔒

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

2005

Legal Domicile

Principal Officer

HATHALEE HIGGS

Phone

6177182191

Tax Period

2024-07-01 to 2025-06-30

THE CENTER FOR THE ARTS AT THE ARMORY INC, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE A SPACE FOR ARTS, CULTURAL, AND COMMUNITY EVENTS AND PROGRAMMING.

🔒

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 $186,992

Program Service Revenue $1,047,825

Investment Income $0

Other Revenue $2,622

TOTAL REVENUE $1,237,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $743,946

Fundraising Expenses $27,945

Program Expenses $1,109,168

Other Expenses $668,547

TOTAL EXPENSES $1,412,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,237,439	$1,368,402	-0.1%
Expenses	$1,412,493	$1,151,421	+0.2%
Net Income	$-175,054	$216,981	-1.8%

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

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

$166,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE SCHERPF	CEO/CO-DIRECTOR	40.00	Officer	$82,147	$7,435	$89,582
JESSICA WHITE	COO/CO-DIRECTOR	40.00	Officer	$70,712	$6,079	$76,791
HATHALEE HIGGS	PRESIDENT	5.00	Officer Director	$0	$0	$0
NEIL BERMAN	TREASURER	5.00	Officer Director	$0	$0	$0
RUTH FARIS	CLERK	5.00	Officer Director	$0	$0	$0
IVAN ABARCA TORRES	DIRECTOR	5.00	Director	$0	$0	$0
AMANDA KLEIN	DIRECTOR	5.00	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	$1,237,439	$1,412,493	$393,536	$-175,054
2024	$1,368,402	$1,151,421	$532,346	$216,981
2023	No data	$16,934	$167,687	No data
2023	$805,420	$959,494	$250,432	$-154,074
2022	$711,370	$616,766	$372,360	$94,604
2021	$407,014	$379,335	$280,965	$27,679
2020	$382,028	$420,406	$93,202	$-38,378

THE CENTER FOR THE ARTS AT THE ARMORY INC