PALETTE AND CHISEL ACADEMY OF FINE ARTS (EIN 362270698) - 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

1984

Legal Domicile

Phone

3126424400

Tax Period

2024-01-01 to 2024-12-31

PALETTE AND CHISEL ACADEMY OF FINE ARTS, founded in 1984, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $854K, a strong 51% operating margin.

Mission

PROVIDE ART INSTRUCTION AND STUDIO SPACE THROUGH CLASSROOM INSTRUCTION, WORKSHOPS AND EXHIBITIONS.

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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 $261,554

Program Service Revenue $540,318

Investment Income $834,254

Other Revenue $21,768

TOTAL REVENUE $1,657,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,099

Fundraising Expenses $18,496

Program Expenses $562,090

Other Expenses $623,003

TOTAL EXPENSES $804,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,657,894	$855,924	+0.9%
Expenses	$804,102	$716,838	+0.1%
Net Income	$853,792	$139,086	+5.1%

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

$93,192

Total Directors

$125,849

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM EWERS	Executive Dir.	40.00	Officer Director	$77,000	$0	$77,000
Stuart Fullerton	President	20.00	Officer Director	$16,192	$0	$16,192
Errol Jacobson	Director	5.00	Director	$16,080	$0	$16,080
Addison Xu	Director	5.00	Director	$15,577	$0	$15,577
Mary Qian	Director	5.00	Director	$1,000	$0	$1,000
Lenin Delsol	Vice President	5.00	Officer Director	$0	$0	$0
Alisa Kannett	Treasurer	5.00	Officer Director	$0	$0	$0
Cathy Buck	Secretary	5.00	Officer Director	$0	$0	$0
Jose Bedolla	Director	5.00	Director	$0	$0	$0
Misha Livshultz	Director	5.00	Director	$0	$0	$0
Gloria Segura Meyer	Director	5.00	Director	$0	$0	$0
Michael Van Zeyl	Director	5.00	Director	$0	$0	$0
Nina Albano Vidmer	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
2024	$1,657,894	$804,102	$5,229,120	$853,792
2023	$855,924	$716,838	$4,726,346	$139,086
2022	$757,516	$707,343	$4,310,909	$50,173
2021	$663,512	$577,620	$4,734,131	$85,892
2020	$469,030	$444,559	$4,358,392	$24,471
2019	$798,691	$694,388	$4,129,516	$104,303
2018	$699,981	$583,622	$3,615,731	$116,359

PALETTE AND CHISEL ACADEMY OF FINE ARTS