FOUNDRY PROJECT ARTS INCUBATOR

EIN: 474332964 501(c)(3) Arts, Culture & Humanities

CLEVELAND HTS, OH

Total Revenue
$77,420
Total Expenses
$9,516
Total Assets
$989,270
Net Assets
$989,270
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
OH
Principal Officer
JAMES D SHOREY
Phone
2169061300
Tax Period
2024-01-01 to 2024-12-31

FOUNDRY PROJECT ARTS INCUBATOR, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $77K in total revenue in fiscal year 2024. The organization ran a surplus of $68K, a strong 88% operating margin.

Mission

TO RENOVATE A CONDEMENDED BUILDING & LAND TO BECOME A VIABLE ARTS & TECHNOLOGY INCUBATOR

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $60,000
Program Service Revenue $0
Investment Income $1,020
Other Revenue $16,400
TOTAL REVENUE $77,420

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $9,516
TOTAL EXPENSES $9,516

Year-over-Year Comparison

2024 2023 Change
Revenue $77,420 N/A N/A
Expenses $9,516 N/A N/A
Net Income $67,904 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
2
Independent Members
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON HERENE EXECUTIVE DIRECTOR 0.00
Director
$0 $0 $0
JAMES D SHOREY PRES 0.00
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 $77,420 $9,516 $989,270 $67,904
2023 $428,741 $28,187 $921,366 $400,554
2022 $540,265 $21,965 $520,812 $518,300
Explore More Nonprofits
→Top 100 Nonprofits in Ohio →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FOUNDRY PROJECT ARTS INCUBATOR with other nonprofits in Ohio and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.