Clay Studio (EIN 475121326) - 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

2018

Legal Domicile

Principal Officer

Yvonne DeGraw

Phone

8058865966

Tax Period

2024-01-01 to 2024-12-31

Clay Studio, founded in 2018, is a small nonprofit that reported $830K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 64% operating deficit.

Mission

PROVIDE CLAY ART FACILITIES, CLASSES AND MENTORING TO THE PUBLIC.

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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 $48,125

Program Service Revenue $776,334

Investment Income $1,113

Other Revenue $4,235

TOTAL REVENUE $829,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $659,953

Fundraising Expenses $0

Program Expenses $1,129,824

Other Expenses $704,909

TOTAL EXPENSES $1,364,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$829,807	$1,742,844	-0.5%
Expenses	$1,364,862	$1,173,188	+0.2%
Net Income	$-535,055	$569,656	-1.9%

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

$131,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynda Weinman	Board President	2.00	Officer Director	$0	$0	$0
Marsha Bailey	Board President (until 7/15/24)	2.00	Officer Director	$0	$0	$0
Cheri Owen	Vice President (until 7/15/24)	2.00	Officer Director	$0	$0	$0
Sharon Ludtke	Treasurer	1.00	Officer Director	$0	$0	$0
Jenni Sorkin	Secretary (until 7/15/24)	2.00	Officer Director	$0	$0	$0
Anita Green	Director (until 7/15/24)	2.00	Director	$0	$0	$0
Josh P Rabinowitz	Director	1.00	Director	$0	$0	$0
Matt Mitros	Executive Director	40.00	Officer	$131,440	$0	$131,440

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	$829,807	$1,364,862	$646,519	$-535,055
2023	$1,742,844	$1,173,188	$1,185,564	$569,656
2022	$871,095	$930,930	$624,402	$-59,835
2021	$486,156	$568,556	$618,334	$-82,400
2021	$659,680	$597,042	$684,884	$62,638
2020	$569,738	$390,818	$599,256	$178,920
2020	$644,701	$379,340	$685,696	$265,361
2019	$500,042	$174,222	$383,562	$325,820

Clay Studio