POWHATAN, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WAR MEMORIAL CULTURAL ARTS AND COMMUNITY CENTER, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $41K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $52K exceeded revenue, resulting in a 25% operating deficit.
THE WAR MEMORIAL CULTURAL ARTS AND COMMUNITY CENTER IS TO BRING A VENUE FOR PAID PERFORMANCES IN THE AREAS OF MUSIC, DANCE AND ALSO PAINTING AND CERAMCICS TO THE COMMUNITY OF POWHATAN. PRIOR YEAR FILING OF 990PF. THIS IS FIRST YEAR OF FILING FORM 990 AS WE WERE REQUIRED TO FILE AS PRIVATE FOUNDATION DURING THE 60 MONTH ADVANCED RULING PERIOD. SEE LETTER OF DATED 06/29/23 REGARDING FILING REQUIREMENT AS A 501 C (3)
DURING 2023, AN EVENT COORDINATOR WAS HIRED TO ASSIST WITH PROGRAMS THAT WOULD BE IN KEEPING WITH OUR MISSION BUT ALSO MAKE OUR FACILITIES AVAILABLE TO THE GENRAL PUBLIC FOR EVEBTS THAT WOULD BE...
DURING 2023, AN EVENT COORDINATOR WAS HIRED TO ASSIST WITH PROGRAMS THAT WOULD BE IN KEEPING WITH OUR MISSION BUT ALSO MAKE OUR FACILITIES AVAILABLE TO THE GENRAL PUBLIC FOR EVEBTS THAT WOULD BE BENEFICIAL TO THE COMMUNITY. OUR PRIMARY COST CONTINUES TO BE THE BUILDING TO INCLUDE UTILITIES, REAL ESTATE TAXES,, INSURANCE ETC. WE CONINUE TO SERVE VETERANS WITH PROGAMS AND RECOGNITION ON VETERAN'S DAY. WE ALSO HAD WEEKLY DANCE CLASSES WITH AN INSTRUCTOR THAT CONDUCTED THE CLASSES WHICH THERE WAS NO CHARGE. WE USE FUNDS FROM ROOM USER FEES WHICH HALP CURTAIL OUR BUILDING COSTS ALONG WITH CHARITABLE GIVING FROM THE GENERAL PUBLIC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $41,341 | $87,723 | -0.5% |
| Expenses | $51,785 | $39,890 | +0.3% |
| Net Income | $-10,444 | $47,833 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RUTH BOATWRIGHT | PRESIDENT | 5.00 |
Officer
|
$0 | $0 | $0 |
| GERALD L HAGEN | VICE PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAROL GREGG | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $41,341 | $51,785 | $638,864 | $-10,444 |
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