EVANSTON ART CENTER (EIN 362070116) - Form 990 Financial Analysis & Trantor Score

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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

1942

Legal Domicile

Principal Officer

PAULA DANOFF

Phone

8474755300

Tax Period

2023-09-01 to 2024-08-31

EVANSTON ART CENTER, founded in 1942, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $1.7M left a modest 5% surplus.

Mission

TO FOSTER THE APPRECIATION AND EXPRESSION OF THE VISUAL ARTS AMONG THE DIVERSE AUDIENCES OF THE NORTH SHORE AND GREATER CHICAGO AREA, STRIVING TO ENCOURAGE LIFELONG LEARNING IN THE ARTS AND TO MAKE THE ART OF OUR TIME AN ACCESSIBLE AND INTEGRAL PART OF PEOPLE'S LIVES.

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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 $382,111

Program Service Revenue $1,295,875

Investment Income $53,544

Other Revenue $95,517

TOTAL REVENUE $1,827,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $532,498

Fundraising Expenses $216,501

Program Expenses $1,315,278

Other Expenses $1,196,411

TOTAL EXPENSES $1,728,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,827,047	$1,744,335	+0.0%
Expenses	$1,728,909	$1,652,769	+0.0%
Net Income	$98,138	$91,566	+0.1%

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

100

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

$110,844

Total Directors

$110,844

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE SCATTONE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL DAVIS	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
DANA LIEBERMAN	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
ART WILLIAMNS	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
MAUREEN SULLIVAN	TREASURER	2.00	Officer Director	$0	$0	$0
NAQNCY BROOKS	SECRETARY	2.00	Officer Director	$0	$0	$0
VILNA BASHI	TRUSTEE	2.00	Director	$0	$0	$0
CAITLIN CASPERSEN	TRUSTEE	2.00	Director	$0	$0	$0
JASON COLLETTE	TRUSTEE	2.00	Director	$0	$0	$0
SHARI DAW	TRUSTEE	2.00	Director	$0	$0	$0
KRISTEN DELPHOS	TRUSTEE	2.00	Director	$0	$0	$0
DEBRA FAVRE	TRUSTEE	2.00	Director	$0	$0	$0
CATHY GARNETT	TRUSTEE	2.00	Director	$0	$0	$0
FRAN JOY	TRUSTEE	2.00	Director	$0	$0	$0
JEN JESSEN LUNT	TRUSTEE	2.00	Director	$0	$0	$0
ALANA OBASEKI	TRUSTEE	2.00	Director	$0	$0	$0
LEE OBERLANDER	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH POPE	TRUSTEE	2.00	Director	$0	$0	$0
LEE ANN RUSSO	TRUSTEE	2.00	Director	$0	$0	$0
JULIE WEBER UGARTE	TRUSTEE	2.00	Officer Director	$0	$0	$0
PAULA DANOFF	PRESIDENT & CEO	65.00	Officer Director	$110,844	$0	$110,844

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	$1,827,047	$1,728,909	$5,475,829	$98,138
2023	$1,744,335	$1,652,769	$5,381,168	$91,566
2022	$1,872,951	$1,517,841	$5,253,080	$355,110
2021	$1,674,914	$1,324,101	$4,921,102	$350,813
2020	$1,264,334	$1,313,495	$4,585,464	$-49,161
2019	$1,507,893	$1,558,248	$4,520,885	$-50,355
2018	$1,455,528	$1,494,703	$4,620,166	$-39,175

EVANSTON ART CENTER