Beverly Arts Center of Chicago (EIN 366165922) - 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

1967

Legal Domicile

Principal Officer

Dr Carla Carter

Phone

7735923492

Tax Period

2023-09-01 to 2024-08-31

Beverly Arts Center of Chicago, founded in 1967, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 41% operating deficit.

Mission

Community Art Center in Beverly neighborhood of Chicago.

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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 $527,711

Program Service Revenue $1,047,525

Investment Income $0

Other Revenue $67,842

TOTAL REVENUE $1,643,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $845,425

Fundraising Expenses $102,750

Program Expenses $1,675,422

Other Expenses $1,476,527

TOTAL EXPENSES $2,321,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,643,078	$1,978,600	-0.2%
Expenses	$2,321,952	$2,472,897	-0.1%
Net Income	$-678,874	$-494,297	+0.4%

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

$115,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stacey Recht	President	2.00	Officer Director	$0	$0	$0
Sonja Brisard	Treasurer	2.00	Officer Director	$0	$0	$0
Amy Dattner	Secretary	2.00	Officer Director	$0	$0	$0
Katrina Pavlik	Director	2.00	Director	$0	$0	$0
Jim Noonan	Director	2.00	Director	$0	$0	$0
Kamilah Parker	Director	2.00	Director	$0	$0	$0
Shayna Gray	Director	2.00	Director	$0	$0	$0
Scott Smith	Director	2.00	Director	$0	$0	$0
Crystal Warren	Director	2.00	Director	$0	$0	$0
Jahmal Cole	Director	2.00	Director	$0	$0	$0
Carla Carter	Executive Director	2.00	Officer	$115,000	$0	$115,000

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	$1,643,078	$2,321,952	$7,222,657	$-678,874
2023	$1,978,600	$2,472,897	$7,559,704	$-494,297
2022	$1,911,443	$1,831,953	$7,922,768	$79,490
2021	$1,710,297	$1,649,385	$8,012,365	$60,912
2020	$1,533,135	$1,678,924	$7,980,739	$-145,789
2019	$1,688,089	$2,062,480	$8,139,063	$-374,391
2018	$1,518,440	$1,721,396	$8,412,231	$-202,956

Beverly Arts Center of Chicago