STUDIO 23 (EIN 381704855) - 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

1963

Legal Domicile

Principal Officer

MEG KOCH

Phone

9898942323

Tax Period

2023-01-01 to 2023-12-31

STUDIO 23, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $369K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $428K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE THE BAY AREA WITH A VISUAL ARTS CENTER AND EMBRACE CREATIVE EDUCATIONAL ACTIVITES INVOLVING THE COMMUNITY.

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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 $167,913

Program Service Revenue $168,136

Investment Income $926

Other Revenue $31,804

TOTAL REVENUE $368,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,979

Fundraising Expenses $9,316

Program Expenses $362,687

Other Expenses $236,928

TOTAL EXPENSES $427,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,779	$421,835	-0.1%
Expenses	$427,907	$417,210	+0.0%
Net Income	$-59,128	$4,625	-13.8%

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

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

$58,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MIKOLAJCZAK	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER PARADISE	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DR FRAN SANTORO	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER MOSS	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN PARKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GAIL BITZER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE CHAMBERS-SZAFRANSKI	TRUSTEE	1.00	Director	$0	$0	$0
JANE ROGERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HANNA FERGUSON	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE HORN	TRUSTEE	1.00	Officer Director	$0	$0	$0
JENNIFER KANYO	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER IDALSKI	TRUSTEE	1.00	Director	$0	$0	$0
MEGAN KOCH	EXECUTIVE DIRECTOR	40.00	Officer	$58,000	$0	$58,000

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	No data	No data	No data	No data
2023	$368,779	$427,907	$1,186,109	$-59,128
2022	$421,835	$417,210	$1,244,921	$4,625
2021	$400,655	$374,021	$1,361,436	$26,634
2020	$307,088	$294,861	$1,350,563	$12,227
2019	$331,983	$356,797	$1,366,014	$-24,814
2018	$542,489	$297,542	$1,200,419	$244,947

STUDIO 23