JACK ARTS INC (EIN 455346846) - 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

2012

Legal Domicile

Principal Officer

SKYE KOWALESKI

Phone

3477254856

Tax Period

2023-01-01 to 2023-12-31

JACK ARTS INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $329K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $623K exceeded revenue, resulting in a 89% operating deficit.

Mission

TO OFFER PERFORMING ARTISTS A SPACE TO CREATE WORK, AND TO SHARE THAT WORK WITH OUR SURROUNDING COMMUNITY, MOSTLY THROUGH OUR FIFTY-SEAT PERFORMANCE VENUE, JACK. WE ALSO OFFER SPACE FOR CONVERSATIONS ON TOPICS OF IMPORTANCE TO OUR NEIGHBORHOOD.

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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 $260,904

Program Service Revenue $39,454

Investment Income $6,543

Other Revenue $22,249

TOTAL REVENUE $329,150

Expense Breakdown

Grants Paid $3,414

Salaries & Benefits $258,288

Fundraising Expenses $33,404

Program Expenses $481,090

Other Expenses $361,521

TOTAL EXPENSES $623,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,150	$685,250	-0.5%
Expenses	$623,223	$574,033	+0.1%
Net Income	$-294,073	$111,217	-3.6%

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

$134,160

Total Directors

$134,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SKYE KOWALESKI	CO-DIRECTOR	40.00	Officer Director	$68,896	$0	$68,896
JORDANA DE LA CRUZ	CO-DIRECTOR	40.00	Officer Director	$65,264	$0	$65,264
DEEARAH WRIGHT	CO-CHAIR	1.00	Officer Director	$0	$0	$0
SAMANTHA JOHNSON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ALEC DUFFY	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN LAPIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MIMI LIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREDITH PHILLIPS-ALMEIDA	BOARD MEMBER	1.00	Director	$0	$0	$0
BRITTANY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
AZURE D OSBORNE-LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
NIKAURY RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DRAE CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNI BOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TAAHIRA MAYNARD	BOARD MEMBER	1.00	Director	$0	$0	$0
MEROPI PEPONIDES	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS O KRIEGSMANN	BOARD MEMBER	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	No data	No data	No data	No data
2023	$329,150	$623,223	$1,104,775	$-294,073
2022	$685,250	$574,033	$1,449,776	$111,217
2021	$530,454	$398,299	$858,552	$132,155
2020	$471,803	$285,483	$561,596	$186,320
2019	$408,846	$245,405	$353,124	$163,441
2018	$266,022	$262,086	$115,839	$3,936

JACK ARTS INC