HYDE PARK ART CENTER (EIN 362887294) - 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

1940

Legal Domicile

Principal Officer

AARON RODGERS

Phone

7733245520

Tax Period

2024-01-01 to 2024-12-31

HYDE PARK ART CENTER, founded in 1940, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 37% operating deficit.

Mission

THE HYDE PARK ART CENTER PRESENTS INNOVATIVE EXHIBITIONS OF NEW WORK BY PRIMARILY CHICAGO-BASED ARTISTS, EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS, NOVICE THROUGH PROFESSIONAL, AND FREE PUBLIC PROGRAMMING FOR A DIVERSE AND CREATIVE AUDIENCE. THROUGH THESE PROGRAMS, THE ART CENTER ACTIVELY CULTIVATES A MORE VIBRANT, INCLUSIVE ARTS COMMUNITY AND AIMS TO FOSTER A COLLECTIVE SPIRIT AMONG ARTISTS, TEACHERS, STUDENTS, CHILDREN AND FAMILIES, AND THE GENERAL PUBLIC. IT FACILITATES OPPORTUNITIES FOR ARTISTS TO EXPERIMENT AND DO THINGS THEY WOULD NOT BE ABLE TO DO ELSEWHERE AND ENCOURAGES ITS VISITORS TO GET INVOLVED WITH THE ENTIRE PROCESS OF ART AND ART MAKING.

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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 $1,956,274

Program Service Revenue $632,917

Investment Income $201,507

Other Revenue $114,873

TOTAL REVENUE $2,905,571

Expense Breakdown

Grants Paid $257,640

Salaries & Benefits $2,085,425

Fundraising Expenses $481,711

Program Expenses $3,011,809

Other Expenses $1,629,704

TOTAL EXPENSES $3,972,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,905,571	$3,721,399	-0.2%
Expenses	$3,972,769	$3,980,597	0.0%
Net Income	$-1,067,198	$-259,198	+3.1%

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

$394,662

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIKA DUDLEY	CHAIR	2.00	Officer Director	$0	$0	$0
SUNDEEP MULLANGI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JUSTINE JENTES	SECRETARY	2.00	Officer Director	$0	$0	$0
SATANNIA WILLIAMS	TREASURER (THRU 3/2024)	2.00	Officer Director	$0	$0	$0
PETER LANE	TREASURER (BEG 3/2024)	2.00	Officer Director	$0	$0	$0
AMANDA WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHERYL RUDBECK	BOARD MEMBER	2.00	Director	$0	$0	$0
CYNTHIA HEUSING	BOARD MEMBER	2.00	Director	$0	$0	$0
DAWOUD BEY	BOARD MEMBER (THRU 10/2024)	2.00	Director	$0	$0	$0
DEDREA GREY	BOARD MEMBER	2.00	Director	$0	$0	$0
GHIAN FOREMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JANIS KANTER	BOARD MEMBER (THRU 5/2024)	2.00	Director	$0	$0	$0
JASON SAUL	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN OXTOBY	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIE GUIDA	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM TAYLOR	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY ELBAOR	BOARD MEMBER (THRU 1/2024)	2.00	Director	$0	$0	$0
KINERET JAFFE	BOARD MEMBER	2.00	Director	$0	$0	$0
LAUREN MOLTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
LAWRENCE FURNSTAHL	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCIA THOMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MIRJA SPOONER	BOARD MEMBER	2.00	Director	$0	$0	$0
POOJA PITTIE	BOARD MEMBER	2.00	Director	$0	$0	$0
RACHEL CONANT	BOARD MEMBER (THRU 1/2024)	2.00	Director	$0	$0	$0
RICHARD WRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT SULLIVAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ROMI CRAWFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
SATANNIA WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
TRINITA LOGUE	BOARD MEMBER (THRU 6/2024)	2.00	Director	$0	$0	$0
JENNETTE TREMBLAY CHAMBERS	CO-EXECUTIVE DIRECTOR	40.00	Officer	$131,191	$17,449	$148,640
AARON RODGERS	CO-EXECUTIVE DIRECTOR	40.00	Officer	$126,128	$22,512	$148,640
DEVON HALL	DIRECTOR OF FINANCE	40.00	Officer	$93,600	$3,782	$97,382

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	$2,905,571	$3,972,769	$11,005,163	$-1,067,198
2023	$3,721,399	$3,980,597	$11,720,753	$-259,198
2022	$2,482,157	$3,282,240	$11,546,706	$-800,083
2021	$7,741,893	$3,229,484	$13,112,741	$4,512,409
2020	$4,472,124	$2,333,569	$8,210,045	$2,138,555
2019	$2,506,353	$2,665,759	$6,071,058	$-159,406
2018	$2,284,276	$2,472,204	$6,070,517	$-187,928

HYDE PARK ART CENTER