The Art House 360

EIN: 472251296 501(c)(3) Arts, Culture & Humanities

Verona, WI

Total Revenue
$1,625,141
Total Expenses
$88,066
Total Assets
$1,622,260
Net Assets
$1,621,760
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
WI
Principal Officer
Karisa Johnson
Phone
6083815510
Tax Period
2024-01-01 to 2024-12-31

The Art House 360, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 2022% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 95% operating margin.

Mission

Art House 360: Bringing Art to Life in Verona, WI Breathing new life into a historic 1917 schoolhouse, Art House 360 is transforming it into a vibrant community arts center. By launching our capital campaign in 2024, we're raising funds to not only renovate the space but also develop enriching arts education programs. More than just bricks and mortar, Art House 360 aims to: 1. Foster a thriving hub for creativity: We envision a multicultural co-working space where individual artists, educators, and organizations can collaborate, inspire, and learn from each other. 2. Make art accessible: We believe everyone deserves the chance to experience the transformative power of art. Our diverse and inclusive programs will cater to the multigenerational community of Verona, offering low-cost or even free options.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,618,449
Program Service Revenue $0
Investment Income $5,111
Other Revenue $1,581
TOTAL REVENUE $1,625,141

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,500
Fundraising Expenses $23,268
Other Expenses $73,566
TOTAL EXPENSES $88,066

Year-over-Year Comparison

2024 2023 Change
Revenue $1,625,141 $76,594 +20.2%
Expenses $88,066 $2,058 +41.8%
Net Income $1,537,075 $74,536 +19.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
8
$14,500
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jessica Lanius Foundation Mgr. 28.00
Officer
$7,500 $0 $7,500
Karisa Johnson Foundation Mgr. 20.00
Officer
$7,000 $0 $7,000
Shelley Reynolds President 2.00
Officer Director
$0 $0 $0
Miguel Garcia-Gosalvez Vice President 1.00
Officer Director
$0 $0 $0
Scott Kramer Secretary 1.00
Officer Director
$0 $0 $0
Stephan Gilchrist Treasurer 1.00
Officer Director
$0 $0 $0
Michelle Mettner Director 2.00
Director
$0 $0 $0
Monica Cliff Foundation Mgr. 15.00
Officer
$0 $0 $0
AJ Juarez Foundation Mgr. 15.00
Officer
$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 $1,625,141 $88,066 $1,622,260 $1,537,075
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