WAR MEMORIAL CULTURAL ARTS AND COMMUNITY CENTER (EIN 463862187) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

RUTH BOATWRIGHT

Phone

8045981014

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

GOAL OF THE WAR MEMORIAL CULTURAL ARTS AND COMMUNITY CENTER IS TO BRING ART, DANCE AND CULTURAL EVENTS AND SHOWS TO THE COMMUNITY OF POWHATAN. WE ALSO STRIVE TO CELEBRATE OUR VETERANS WITH VETERAN DAY SHOWS AND ON GOING RECOGNITION WITH MOVIES AND OTHER EVENTS OF RECOGNITION. THE AMERICAN LEGION MEETS IN OUR FACILITY EACH MONTH. WE PROVIDE SPACE TO GROUPS TO INCLUDE OTHER NOT FOR PROFIT ORGANIZATIONS IN THE COUNTY OF POWHATAN TO INCLUDE YMCA, ROTARY CLUB AND CITIZENS OF THE COUNTY. WE HAVE ART AND CRAFT SHOWS TO BRING THE COMMUNITY TOGETHER FOR THE ARTS FOR ALL THAT HAVE INTEREST. WE HOSTED WEEKLY ZUMBA DANCE CLASSES DURING 2023.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,987

Program Service Revenue $0

Investment Income $0

Other Revenue $12,354

TOTAL REVENUE $41,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,700

Fundraising Expenses $6,204

Program Expenses $41,961

Other Expenses $45,085

TOTAL EXPENSES $51,785

Year-over-Year Comparison

	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%

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
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

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	$41,341	$51,785	$638,864	$-10,444

WAR MEMORIAL CULTURAL ARTS AND COMMUNITY CENTER