ARTS CENTER (EIN 510198497) - 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

1975

Legal Domicile

Principal Officer

WENDY SMITH

Phone

9199292787

Tax Period

2024-01-01 to 2024-12-31

ARTS CENTER, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 56% operating deficit.

Mission

THE ARTSCENTER EXISTS IN ORDER TO EDUCATE AND INSPIRE ARTISTIC CREATIVITY AND TO ENRICH THE LIVES OF PEOPLE OF ALL AGES.

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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 $553,764

Program Service Revenue $1,101,375

Investment Income $-443,942

Other Revenue $137,787

TOTAL REVENUE $1,348,984

Expense Breakdown

Grants Paid $48,220

Salaries & Benefits $769,463

Fundraising Expenses $198,311

Program Expenses $1,707,747

Other Expenses $1,285,447

TOTAL EXPENSES $2,103,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,348,984	$2,615,380	-0.5%
Expenses	$2,103,130	$2,251,068	-0.1%
Net Income	$-754,146	$364,312	-3.1%

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

$102,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE TANNER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
BECKY WOODRUFF	BOARD MEMBER	3.00	Director	$0	$0	$0
HATHAWAY PENDERGRASS	TREASURER	3.00	Officer Director	$0	$0	$0
ELLEN MEDEARIS	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHELLE BOLAS	BOARD MEMBER	3.00	Director	$0	$0	$0
RIZA JENKINS	BOARD MEMBER	3.00	Director	$0	$0	$0
EMILY EVENS	SECRETARY	3.00	Officer Director	$0	$0	$0
KAMAL JAMES	BOARD MEMBER	3.00	Director	$0	$0	$0
HELEN KALISHER	BOARD MEMBER	3.00	Director	$0	$0	$0
REBECCA MOORE	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHANNA FOSTER	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
MARK KLEINSCHMIDT	BOARD MEMBER	3.00	Director	$0	$0	$0
BERNADETTE PELISSIER	BOARD MEMBER	3.00	Director	$0	$0	$0
WENDY SMITH	EXECUTIVE DIRECTOR	40.00	Officer	$99,797	$2,994	$102,791

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	$1,348,984	$2,103,130	$8,359,794	$-754,146
2023	$2,615,380	$2,251,068	$9,803,962	$364,312
2022	$1,703,960	$1,472,287	$8,701,912	$231,673
2021	$2,004,986	$950,771	$5,087,737	$1,054,215
2020	$1,104,971	$842,700	$3,734,492	$262,271
2019	$3,434,143	$1,491,795	$3,405,011	$1,942,348
2019	$3,434,143	$1,491,795	$3,405,011	$1,942,348
2018	$1,682,227	$1,502,764	$920,117	$179,463

ARTS CENTER