SOO VISUAL ARTS CENTER INC (EIN 411944443) - 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

1999

Legal Domicile

Principal Officer

CAROLYN PAYNE

Tax Period

2022-07-01 to 2023-06-30

SOO VISUAL ARTS CENTER INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $249K in total revenue in fiscal year 2022. Expenses of $282K exceeded revenue, resulting in a 13% operating deficit.

Mission

SOO VISUAL ARTS CENTER IS A NONPROFIT ART SPACE THAT CONNECTS OUR COMMUNITY WITH FRESH, UNDER-REPRESENTED AND PROVOCATIVE ART.

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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 (2022)

Revenue Breakdown

Contributions & Grants $237,889

Program Service Revenue $0

Investment Income $0

Other Revenue $11,290

TOTAL REVENUE $249,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,169

Fundraising Expenses $48,129

Program Expenses $153,027

Other Expenses $113,677

TOTAL EXPENSES $281,846

Year-over-Year Comparison

	2022	2021	Change
Revenue	$249,179	$255,338	0.0%
Expenses	$281,846	$255,504	+0.1%
Net Income	$-32,667	$-166	+195.8%

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

$69,549

Total Directors

$69,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN PAYNE	EXECUTIVE DIRECTOR	40.00	Officer Director	$61,662	$7,887	$69,549
YIJIA LI	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBYNE ROBINSON	BOARD MEMBER	5.00	Director	$0	$0	$0
CHERIE SHOQUIST	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL KLEBER DIGGS	BOARD MEMBER	5.00	Director	$0	$0	$0
MARC DAVIS	BOARD MEMBER	5.00	Director	$0	$0	$0
JOHN C LEVY	BOARD MEMBER	10.00	Director	$0	$0	$0
HEATHER WULFSBURG	BOARD MEMBER	10.00	Director	$0	$0	$0
MARK SPENCER	BOARD MEMBER	5.00	Director	$0	$0	$0
LIZA FERRARI	TREASURER	10.00	Officer Director	$0	$0	$0
GRETCHEN GASTERLAND-GUSTAFSSON	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
ALICIA GIBSON	SECRETARY	10.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$249,179	$281,846	$77,704	$-32,667
2022	$255,338	$255,504	$67,768	$-166
2021	$254,147	$230,294	$96,630	$23,853
2020	$215,816	$259,887	$96,265	$-44,071
2019	$250,293	$241,268	$116,975	$9,025
2018	$203,187	$214,953	$148,174	$-11,766
2018	$203,187	$224,011	$139,117	$-20,824

SOO VISUAL ARTS CENTER INC