NORTH LITTLE ROCK, AR
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THEA FOUNDATION, founded in 2001, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $509K, a strong 32% operating margin.
TO ADVOCATE THE IMPORTANCE OF THE ARTS IN THE DEVELOPMENT OF OUR YOUTH.
THE FOUNDATION AWARDS SCHOLARSHIPS TO HIGH SCHOOL SENIORS ACROSS THE STATE OF ARKANSAS. SCHOLARSHIP CATEGORIES INCLUDE VISUAL ART, PERFORMING ARTS, CREATIVE WRITING, FILMMAKING, AND FASHION DESIGN...
THE FOUNDATION AWARDS SCHOLARSHIPS TO HIGH SCHOOL SENIORS ACROSS THE STATE OF ARKANSAS. SCHOLARSHIP CATEGORIES INCLUDE VISUAL ART, PERFORMING ARTS, CREATIVE WRITING, FILMMAKING, AND FASHION DESIGN. THE MOTIVATION BEHIND THE SCHOLARSHIP PROGRAM IS TO REWARD HARDWORKING STUDENTS AND TO INSPIRE THEM TO BE CONFIDENT AND AMBITIOUS.
THEA'S ART CLOSET IS A PROGRAM THAT FUNDS ART-FOCUSED PROJECTS IN ARKANSAS FOR K-12 STUDENTS MATCHING DOLLARS FROM DONORS CHOOSE. IN THE 2023-2024 SCHOOL YEAR, THEA FUNDED 308 PROJECTS.
THE ARTS RECONSTRUCTION PROGRAM PARTNERS WITH CULTURAL INSTITUTIONS AND ARTS ORGANIZATIONS IN ARKANSAS TO PROVIDE NEW AND AMPLIFY EXISTING ARTS PROGRAMMING WITHIN SCHOOLS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,577,523 | $1,196,723 | +0.3% |
| Expenses | $1,068,715 | $1,014,380 | +0.1% |
| Net Income | $508,808 | $182,343 | +1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVE HAWSEY | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRENT BLACK | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICK LEOPOULOS | EXECUTIVE DIRECTOR | 40.00 |
Officer
Director
|
$102,336 | $7,370 | $109,706 |
| SHARON HEFLIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER HERRON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE LAMBERTH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID MARKS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ALEX MONTEZ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GREG PILEWSKI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL SHAEFFER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHELE SHAW | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RAMY ZIMMEREBNER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BRYANT PHELAN | SECRETARY | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,577,523 | $1,068,715 | $6,184,325 | $508,808 |
| 2023 | $1,196,723 | $1,014,380 | $5,762,475 | $182,343 |
| 2022 | $954,532 | $727,329 | $5,510,380 | $227,203 |
| 2021 | $676,591 | $774,185 | $5,712,592 | $-97,594 |
| 2020 | $813,759 | $865,197 | $5,177,476 | $-51,438 |
| 2019 | $1,056,553 | $848,457 | $5,380,498 | $208,096 |
Compare THEA FOUNDATION with other nonprofits in Arkansas and across the country.