POWERHOUSE ARTS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

ERIC SHINER

Phone

7185221400

Tax Period

2023-07-01 to 2024-06-30

POWERHOUSE ARTS INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.8M in total revenue in fiscal year 2023. Revenue surged 177% from the prior year, signaling strong growth momentum. Expenses of $18.8M exceeded revenue, resulting in a 114% operating deficit.

Mission

POWERHOUSE IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO CREATIVE EXPRESSION. HOUSED IN A PURPOSE-BUILT FACILITY IN BROOKLYN, THE ORGANIZATION HOSTS AN EXTENDED NETWORK OF ART AND FABRICATION PROFESSIONALS AND EDUCATORS WHO WORK TOGETHER TO CO-CREATE AND SHARE ARTISTIC PRACTICES VITAL TO THE WELLBEING OF ARTISTS AND THE COMMUNITIES TO WHICH THEY BELONG.

Program Service Accomplishments

Program 1

Expenses: $9,568,839 Revenue: $1,453,644

FABRICATION PROGRAMPOWERHOUSE ARTS WORKS COLLABORATIVELY WITH ARTISTS ON PROJECTS AT ALL STAGES - FROM CONCEPT DEVELOPMENT TO PROJECT EXECUTION TO INSTALLATION. POWERHOUSE SPECIALIZES IN CERAMIC...

FABRICATION PROGRAMPOWERHOUSE ARTS WORKS COLLABORATIVELY WITH ARTISTS ON PROJECTS AT ALL STAGES - FROM CONCEPT DEVELOPMENT TO PROJECT EXECUTION TO INSTALLATION. POWERHOUSE SPECIALIZES IN CERAMIC, PRINT, AND CUSTOM FABRICATION.

Program 2

Expenses: $458,861 Revenue: $28,477

LEARNING AND ENGAGEMENTPOWERHOUSE ARTS WORKS TOWARDS BECOMING MEANINGFUL HOME TO AN EXTENDED NETWORK OF ART AND FABRICATION PROFESSIONALS AND EDUCATORS WHO WORK TOGETHER TO CO-CREATE AND SHARE...

LEARNING AND ENGAGEMENTPOWERHOUSE ARTS WORKS TOWARDS BECOMING MEANINGFUL HOME TO AN EXTENDED NETWORK OF ART AND FABRICATION PROFESSIONALS AND EDUCATORS WHO WORK TOGETHER TO CO-CREATE AND SHARE ARTISTIC PRACTICES. THE LEARNING AND ENGAGEMENT TEAM WILL BUILD THESE RELATIONSHIPS WITH EDUCATIONAL AND PUBLIC PROGRAMMING, INCLUDING WORK-BASED LEARNING OPPORTUNITIES.

Program 3

Expenses: $381,307 Revenue: $449,457

CERAMIC MEMBER STUDIO PROGRAMMEMBERSHIP TO THE CERAMIC MEMBER STUDIO PROVIDES FLEXIBLE ACCESS TO MEMBERS-ONLY WORKSHOP FACILITIES FOR THOSE WHO HAVE DEMONSTRATED THE ABILITY TO WORK INDEPENDENTLY AND...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $510,044

Program Service Revenue $2,845,584

Investment Income $5,406,632

Other Revenue $25,350

TOTAL REVENUE $8,787,610

Expense Breakdown

Grants Paid $12,584

Salaries & Benefits $6,310,473

Fundraising Expenses $1,247,233

Program Expenses $11,069,452

Other Expenses $12,444,985

TOTAL EXPENSES $18,768,042

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,787,610	$3,173,205	+1.8%
Expenses	$18,768,042	$15,756,560	+0.2%
Net Income	$-9,980,432	$-12,583,355	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$845,406

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA HANNA	CHAIR	30.00	Officer Director	$0	$0	$0
ERIC SHINER	PRESIDENT	40.00	Officer	$397,899	$16,445	$414,344
ELIZABETH LEWIS BUCKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LATOYA RUBY FRAZIER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER HO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HURST	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY RYANS	BOARD MEMBER	1.00	Director	$0	$0	$0
DREAD SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN M BATTAGLIA	SR. VICE PRESIDENT	40.00	Officer	$240,799	$19,495	$260,294
SHAYNA JEFFERS	FINANCE DIRECTOR	40.00	Officer	$147,899	$22,869	$170,768
MITCHELL ROTH	FACILITIES DIRECTOR	40.00	Highest	$148,689	$69,082	$217,771
ANIKA SELHORST	INTERIM CO-EXEC. DIRECTOR	40.00	Highest	$134,345	$55,546	$189,891
PHOENIX LINDSEY HALL	DIRECTOR OF OPERATIONS	40.00	Highest	$118,063	$40,093	$158,156
ERDINC KAYNAS	CHIEF ENGINEER	40.00	Highest	$123,504	$34,093	$157,597
YARISBETH SAGARDIA	HUMAN RESOURCES DIRECTOR	40.00	Highest	$123,267	$16,659	$139,926

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	$8,787,610	$18,768,042	$323,321,070	$-9,980,432
2023	$3,173,205	$15,756,560	$330,308,153	$-12,583,355
2022	$10,355,854	$5,413,056	$191,125,133	$4,942,798
2022	$8,987,730	$5,413,056	$189,757,009	$3,574,674
2021	$2,438,930	$5,235,560	$187,718,007	$-2,796,630
2020	$4,243,261	$6,289,660	$190,612,630	$-2,046,399
2019	$4,588,738	$4,270,604	$196,440,372	$318,134