THELMA SADOFF CENTER FOR THE ARTS INC (EIN 391816401) - 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

Principal Officer

PAUL KRIKAU

Phone

9209215410

Tax Period

2024-01-01 to 2024-12-31

THELMA SADOFF CENTER FOR THE ARTS INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $932K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

CONTRIBUTING TO THE BETTERMENT OF THE ENTIRE COMMUNITY BY PROVIDING ACCESS TO THE ARTS AND ARTS EDUCATION.

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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 $449,097

Program Service Revenue $305,922

Investment Income $912

Other Revenue $175,598

TOTAL REVENUE $931,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,081

Fundraising Expenses $0

Program Expenses $488,413

Other Expenses $715,836

TOTAL EXPENSES $1,125,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$931,529	$689,304	+0.4%
Expenses	$1,125,917	$1,052,940	+0.1%
Net Income	$-194,388	$-363,636	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KRIKAU	EXECUTIVE DI	40.00	Director	$0	$0	$0
KATHLEEN CANDEE	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY DAVIS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PATRICK HANSEN	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL SCHUMACHER	SECRETARY	1.00	Officer Director	$0	$0	$0
RON EMANUEL	EXECUTIVE ME	1.00	Director	$0	$0	$0
AMANDA BAKER	DIRECTOR	1.00	Director	$0	$0	$0
JIM DEJONG	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN DREIFUERST	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET KARIUS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MARCH-TORME	DIRECTOR	1.00	Director	$0	$0	$0
PAT REIHER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SERGI	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WEHNER	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY HAACK	DIRECTOR	1.00	Director	$0	$0	$0
MARY MUEHLIUS	DIRECTOR	1.00	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	$931,529	$1,125,917	$4,750,305	$-194,388
2023	$689,304	$1,052,940	$4,889,717	$-363,636
2022	$698,397	$1,009,860	$5,205,136	$-311,463
2021	$863,155	$977,393	$5,501,310	$-114,238
2020	$721,741	$880,407	$5,610,829	$-158,666
2019	$1,114,076	$1,165,632	$5,819,364	$-51,556
2018	$1,012,111	$1,070,136	$6,415,096	$-58,025

THELMA SADOFF CENTER FOR THE ARTS INC