Granary Art Center (EIN 463079322) - 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

2013

Legal Domicile

Principal Officer

Amy Jorgensen

Phone

4352833456

Tax Period

2024-07-01 to 2025-06-30

Granary Art Center, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $147K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $300K exceeded revenue, resulting in a 105% operating deficit.

Mission

To support contemporary arts through exhibitions, education and cultural programming and serve as an anchor for artistic activity and community. Granary Arts supports and exhibits regional and international artists, provides educational opportunities through programming, outreach and cultural events, and fosters collaborative relationships with individuals, organizations, and communities.

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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 $144,534

Program Service Revenue $0

Investment Income $2,044

Other Revenue $15

TOTAL REVENUE $146,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,011

Fundraising Expenses $0

Program Expenses $271,873

Other Expenses $193,483

TOTAL EXPENSES $300,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,593	$205,299	-0.3%
Expenses	$300,494	$409,281	-0.3%
Net Income	$-153,901	$-203,982	-0.2%

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Jorgensen	Executive Director	30.00	Officer Director	$60,000	$0	$60,000
Scotti Hill	Chair	1.00	Director	$0	$0	$0
Kelly Brooks	Board Member	0.50	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	$146,593	$300,494	$32,415	$-153,901
2024	$205,299	$409,281	$52,737	$-203,982
2023	$247,834	$190,486	$105,441	$57,348

Granary Art Center