Grace 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

2011

Legal Domicile

Phone

9548163324

Tax Period

2024-01-01 to 2024-12-31

Grace Arts Center Inc, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $405K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $85K, a strong 21% operating margin.

Mission

Grace Arts Center's mission is to create and connect three distinct areas of general programming resulting in more extensive cultural collaborations and revitalization of South Florida communities.

Program Service Accomplishments

Program 1

Expenses: $237,749 Revenue: $35,920

4ACultural Exhibits: 'Outsider Art? Self-taught Visual Artist Exhibits at cultural and historical sites, 'Street Art Regatta' an outdoor art exhibit on the water and land featuring painted sails and competitive sailing, Art Fair Installations and activities during Miami Art Week to provide a platform for self-taught artists of excellence to be curated with a focus on Florida culture and history, and films including micro and feature documentaries exploring Florida history and culture.

Program 2

Expenses: $82,000 Revenue: $21,000

Performances: 'Shakespeare La Florida' annual multi-disciplinary theater adaptation series 'Festival of Classics' a 'Shakespeare in the Park' initiative to foster collaboration with other cultural...

Performances: 'Shakespeare La Florida' annual multi-disciplinary theater adaptation series 'Festival of Classics' a 'Shakespeare in the Park' initiative to foster collaboration with other cultural organizations and encourage classical literature reading and creative writing includes a public festival project with live performances and master classes at public schools.

Program 3

Urban Design: 'COAT' Community of Artists Transforms Mural Art installations 'Artworks' community conversations with designers and artists with opportunities for academic participation to contrast...

Urban Design: 'COAT' Community of Artists Transforms Mural Art installations 'Artworks' community conversations with designers and artists with opportunities for academic participation to contrast and explore Florida vernacular design 'Mobile Art Pavilion' community revitalization through a transportable platform for the arts 'Urban Shade' architecture and design challenge to place modular and natural tree shade together in public spaces new in 2022 'SAGA' a pop up art-as-shade event with visual and performance artists to support homeless initiatives .

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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 $228,399

Program Service Revenue $56,920

Investment Income $1,266

Other Revenue $118,164

TOTAL REVENUE $404,749

Expense Breakdown

Grants Paid $153,529

Salaries & Benefits $17,900

Fundraising Expenses $0

Program Expenses $319,749

Other Expenses $148,320

TOTAL EXPENSES $319,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,749	$521,661	-0.2%
Expenses	$319,749	$350,201	-0.1%
Net Income	$85,000	$171,460	-0.5%

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

N/A

Employees

N/A

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
Clare Vickery	Director	20.00	Director	$0	$0	$0
Troy Inch	Director	3.00	Director	$0	$0	$0
David Benjamin	Director	3.00	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
2024	$404,749	$319,749	$2,857,753	$85,000
2024	$404,749	$319,749	$2,857,753	$85,000
2023	$521,661	$350,201	$2,787,324	$171,460
2022	$277,168	$211,304	$2,615,864	$65,864
2022	$277,168	$211,304	$2,615,864	$65,864
2021	$258,501	$146,422	$6,213,412	$112,079
2020	$120,740	$21,001	$5,984,430	$99,739
2019	$2,769,714	$51,487	$6,051,485	$2,718,227
2018	$1,481,476	$176,112	$3,333,257	$1,305,364