PRAIRIE CENTER ARTS FOUNDATION

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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

1986

Legal Domicile

Principal Officer

SANDRA GALLARDO

Phone

8479233608

Tax Period

2023-05-01 to 2024-04-30

PRAIRIE CENTER ARTS FOUNDATION, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $528K in total revenue in fiscal year 2023. Revenue surged 153% from the prior year, signaling strong growth momentum. The organization ran a surplus of $426K, a strong 81% operating margin.

Mission

THE MISSION OF THE PRAIRIE CENTER ARTS FOUNDATION IS TO ENRICH PEOPLE'S LIVES THROUGH CULTURAL ARTS BY PROVIDING AWARENESS OF AND FINANCIAL SUPPORT TO THE SCHAUMBURB PRAIRIE CENTER TO THE ARTS

Program Service Accomplishments

Program 1

Expenses: $8,683

SCHAUMBURG YOUTH ORCHESTRA SUPPLEMENTS YOUNG MUSICIANS' TRAINING AND PROVIDES OPPORTUNITIES TO LEARN AND PLAY MUSIC MORE CHALLENGING THAN MIGHT BE FOUND THEIR SCHOOL PROGRAMS, THEREBY BROADENING AND ENHANCING THEIR EXPERIENCE. THE SYO SERVES A WIDE AREA OF THE NORTH WEST SUBURBS AND PROVIDES A COLLEGE SCHOLARSHIP FOR AN OUTSTANDING SENIOR MUSICIAN.

Program 2

Expenses: $1,368

ARTS PARTNER PROVIDES TICKETS AND TRANSPORTATION TO ESL STUDENTS AND INTEGRATED LANGUAGE CLASSROOMS FROM AREA SCHOOLS TO ATTEND A SERIES OF PERFORMANCES. ART PARTNERS WAS DESIGNED TO PROVIDE RISK...

ARTS PARTNER PROVIDES TICKETS AND TRANSPORTATION TO ESL STUDENTS AND INTEGRATED LANGUAGE CLASSROOMS FROM AREA SCHOOLS TO ATTEND A SERIES OF PERFORMANCES. ART PARTNERS WAS DESIGNED TO PROVIDE RISK STUDENTS WITH THE OPPORTUNITY TO EXPERIENCE CULTURAL ARTS.

Program 3

THE FOUNDATION SUPPORTS THE PRAIRIE CENTER FOR THE ARTS IN SCHAUMBURG IL TO ENSURE AND ENRICH THE NORTHWEST SUBURBS WITH GROWTH AND EXCELLENCE OF THE CULTURAL ARTS.

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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 $481,373

Program Service Revenue $0

Investment Income $11,891

Other Revenue $34,911

TOTAL REVENUE $528,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,084

Other Expenses $101,749

TOTAL EXPENSES $101,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$528,175	$208,455	+1.5%
Expenses	$101,749	$54,671	+0.9%
Net Income	$426,426	$153,784	+1.8%

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

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
JAMIE CLAR	DIRECTOR	N/A	Director	$0	$0	$0
THEODORE D DERMA	TREASURER	N/A	Officer Director	$0	$0	$0
ERIC ENGELSON	DIRECTOR	N/A	Director	$0	$0	$0
JAY FLYNN	DIRECTOR	N/A	Director	$0	$0	$0
SANDRA GALLARDO	PRESIDENT	N/A	Officer Director	$0	$0	$0
JIM IDSTEIN	DIRECTOR	N/A	Director	$0	$0	$0
MAURO MENDEZ	DIRECTOR	N/A	Director	$0	$0	$0
WAYNE OATES	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE OLESCH	DIRECTOR	N/A	Director	$0	$0	$0
LYNNE E PARK	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHET TAMBE	DIRECTOR	N/A	Director	$0	$0	$0
TIANA WEILER	EXECUTIVE DI	N/A	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	$528,175	$101,749	$705,849	$426,426
2023	$208,455	$54,671	$279,423	$153,784
2022	$19,847	$15,058	$125,639	$4,789
2021	$55,905	$32,518	$120,850	$23,387
2020	$273,553	$255,795	$97,463	$17,758
2019	$257,683	$255,773	$79,705	$1,910