PRAIRIE CENTER ARTS FOUNDATION

EIN: 363720716 501(c)(3) Arts, Culture & Humanities

SCHAUMBURG, IL

Total Revenue
$528,175
Total Expenses
$101,749
Total Assets
$705,849
Net Assets
$705,849
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
IL
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 ARETS BY PROVIDING AWARENESS OF AND FINANCIAL SUPPORT TO THE SCHAUMBURG PRAIRIE CENTER TO THE 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%)

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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

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Governance

Voting Members
10
Independent Members
10
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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