MAINFRAME STUDIOS (EIN 461637111) - 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

JOHN MCGOWAN

Phone

5152164253

Tax Period

2024-01-01 to 2024-12-31

MAINFRAME STUDIOS, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 19% operating deficit.

Mission

Mainframe Studios is a financially self-sustaining nonprofit providing affordable workspaces to advance equity and opportunities in the arts. It is the largest nonprofit art studio building in the nation.

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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 $213,364

Program Service Revenue $1,435,742

Investment Income $7,972

Other Revenue $5,454

TOTAL REVENUE $1,662,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,502

Fundraising Expenses $10,674

Program Expenses $1,722,023

Other Expenses $1,769,099

TOTAL EXPENSES $1,982,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,662,532	$1,527,994	+0.1%
Expenses	$1,982,601	$2,009,905	0.0%
Net Income	$-320,069	$-481,911	-0.3%

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
John McGowan	President	10.00	Officer Director	$0	$0	$0
Sarah Young	Vice President	1.00	Officer Director	$0	$0	$0
Michael Trettin	Treasurer	3.00	Officer Director	$0	$0	$0
Jill Wells	Secretary	0.50	Officer Director	$0	$0	$0
Justin Mandelbaum	Director	0.25	Director	$0	$0	$0
David Schmitz	Director	0.25	Director	$0	$0	$0
Meredith Hubbell Stahl	Director	0.25	Director	$0	$0	$0
Dr Kelly Baum	Director	0.25	Director	$0	$0	$0
Gretchen Bohling	Director	0.25	Director	$0	$0	$0
Jeff Chelesvig	Director	0.25		$0	$0	$0
Julia Franklin-Jones	Executive Director	50.00	Key Emp	$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	$1,662,532	$1,982,601	$9,808,236	$-320,069
2023	$1,527,994	$2,009,905	$10,125,236	$-481,911
2022	$3,251,639	$1,559,009	$10,836,605	$1,692,630
2021	$1,124,336	$1,257,441	$8,963,700	$-133,105
2020	$3,646,448	$924,730	$9,188,448	$2,721,718

MAINFRAME STUDIOS