Chestnut Fine Arts Center Inc (EIN 431944494) - 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

2001

Legal Domicile

Principal Officer

BRADLEY ZIMMERMAN

Phone

9137642121

Tax Period

2023-01-01 to 2023-12-31

Chestnut Fine Arts Center Inc, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $162K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $254K exceeded revenue, resulting in a 56% operating deficit.

Mission

To provide a nurturing positive and comfortable environment to promote develop and produce quality entertainment

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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 $36,579

Program Service Revenue $115,170

Investment Income $10,704

Other Revenue $0

TOTAL REVENUE $162,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,015

Fundraising Expenses $4,859

Program Expenses $202,465

Other Expenses $153,207

TOTAL EXPENSES $254,222

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,453	$367,906	-0.6%
Expenses	$254,222	$409,191	-0.4%
Net Income	$-91,769	$-41,285	+1.2%

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

$77,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERRY DEAN	President	N/A	Officer Director	$0	$0	$0
WILLIAM TURNER	Secretary	N/A	Officer Director	$0	$0	$0
DALENE WHITE	Treasurer	N/A	Officer Director	$0	$0	$0
CHRISTINA BREWER	Board Member	N/A	Director	$0	$0	$0
BRAD ZIMMERMAN	Executive Director	50.00	Key Emp	$77,737	$0	$77,737

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
2023	$162,453	$254,222	$572,153	$-91,769
2022	$367,906	$409,191	$605,175	$-41,285
2021	$491,467	$255,379	$727,369	$236,088
2020	$258,294	$238,646	$535,181	$19,648
2019	$519,243	$512,697	$471,632	$6,546
2018	$543,414	$529,896	$465,086	$13,518

Chestnut Fine Arts Center Inc