1708 Gallery Inc

🔒

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

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

Emily Smith

Phone

8046431708

Tax Period

2023-08-01 to 2024-07-31

1708 Gallery Inc, founded in 1978, is a small nonprofit that reported $309K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $402K exceeded revenue, resulting in a 30% operating deficit.

Mission

1708 GALLERY'S MISSION IS TO PRESENT EXCEPTIONAL NEW ART. 1708 GALLERY IS COMMITTED TO PROVIDING OPPORTUNITIES FOR ARTISTIC INNOVATION FOR EMERGING AND ESTABLISHED ARTISTS AND TO EXPAND THE UNDERSTANDING AND APPRECIATION OF NEW ART FOR THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $214,326 Revenue: $7,353

EXHIBITIONS PROGRAM: AS A DYNAMIC NON-PROFIT ARTS ORGANIZATION, 1708 GALLERY PROVIDES UNCOMPROMISINGLY INNOVATIVE OPPORTUNITIES FOR ARTISTS LOCALLY, NATIONALLY, AND INTERNATIONALLY. OUR EXHIBITIONS PROGRAM OFFERS ARTISTS ALL OVER THE WORLD AN OPPORTUNITY TO EXHIBIT THEIR WORK AND OUR COMMUNITY AN OPPORTUNITY TO LEARN ABOUT INNOVATIVE ARTISTS AND ART FORMS.

Program 2

Expenses: $82,116 Revenue: $151

INLIGHT RICHMOND: INLIGHT RICHMOND IS AN ANNUAL OUTDOOR TEMPORARY LIGHT-INSPIRED CONTEMPORARY ART EXHIBITION AND COMMUNITY EVENT IN DOWNTOWN RICHMOND. INLIGHT RICHMOND IS AN EXPLORATION AND...

INLIGHT RICHMOND: INLIGHT RICHMOND IS AN ANNUAL OUTDOOR TEMPORARY LIGHT-INSPIRED CONTEMPORARY ART EXHIBITION AND COMMUNITY EVENT IN DOWNTOWN RICHMOND. INLIGHT RICHMOND IS AN EXPLORATION AND CELEBRATION OF CONTEMPORARY ART FREE OF CHARGE FOR THE WHOLE COMMUNITY. WITH INLIGHT RICHMOND, 1708 GALLERY ENCOURAGES BROAD PUBLIC APRECIATION AND ACCESS TO CONTEMPORARY ART. INLIGHT INTRODUCES A NEW AUDIENCE TO CONTEMPORARY ART BY MAKING IT FUN, ENGAGING,AND ACCESSIBLE. IT ALSO KEEPS 1708 GALLERY RELEVANT WITHIN CONTEMPORARY ART LANDSCAPES, LOCALLY AS WELL AS NATIONALLY.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $324,300

Program Service Revenue $3,609

Investment Income $0

Other Revenue $-18,551

TOTAL REVENUE $309,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,083

Fundraising Expenses $72,613

Program Expenses $296,442

Other Expenses $199,337

TOTAL EXPENSES $402,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$309,358	$353,821	-0.1%
Expenses	$402,420	$496,070	-0.2%
Net Income	$-93,062	$-142,249	-0.3%

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

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

$73,920

Total Directors