THE CULTURAL ARTS CENTER AT GLEN A… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

KATHRYN T ALFERIO

Phone

8042616201

Tax Period

2024-07-01 to 2025-06-30

THE CULTURAL ARTS CENTER AT GLEN ALLEN FOUNDATION, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.9M left a modest 4% surplus.

Mission

TO INSPIRE AND ENRICH THE COMMUNITY BY OFFERING EXCEPTIONAL CULTURAL PERFORMANCES, CLASSES AND VISUAL ARTS EXHIBITS.

Program Service Accomplishments

Program 1

Expenses: $1,601,477

WITH OVER 80,000 PEOPLE ATTENDING APPROXIMATELY 300 EVENTS AND FREE EXHIBITS, THE CENTER WAS HOME TO MANY ARTS, CULTURAL, COMMUNITY AND CIVIC ORGANIZATIONS HOSTING PERFORMANCES, GALLERY EXHIBITS...

WITH OVER 80,000 PEOPLE ATTENDING APPROXIMATELY 300 EVENTS AND FREE EXHIBITS, THE CENTER WAS HOME TO MANY ARTS, CULTURAL, COMMUNITY AND CIVIC ORGANIZATIONS HOSTING PERFORMANCES, GALLERY EXHIBITS, MEETINGS AND PRIVATE EVENTS. THE CENTER HAS CREATED ITS OWN SIGNATURE PERFORMANCE SERIES - CENTER SEASON (OFFERING EXCEPTIONAL PERFORMANCES IN THEATRE, MUSIC AND DANCE) AND 2ND STAGE (FEATURING EXCEPTIONAL LOCAL AND REGIONAL PERFORMING ARTISTS). THE CENTER PRESENTS PROGRAMS IN VISUAL, LITERARY AND PERFORMING ARTS IN THE METROPOLITAN RICHMOND AREA INCLUDING: - ART MATTERS - WEEKLY ART CLASSES AND A SUMMER CAMP TO YOUTH AT RISK - ARTFUL LIVING - A COMMUNITY BASED (REDUCED FEE AND FREE) ART PROGRAMS FOR HEALTHY SENIORS LOOKING FOR WAYS TO STAY ENGAGED AND HEALTHY

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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 $884,498

Program Service Revenue $1,044,654

Investment Income $68,637

Other Revenue $28,031

TOTAL REVENUE $2,025,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,089,073

Fundraising Expenses $71,624

Program Expenses $1,601,477

Other Expenses $860,418

TOTAL EXPENSES $1,949,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,025,820	$2,434,778	-0.2%
Expenses	$1,949,491	$1,930,753	+0.0%
Net Income	$76,329	$504,025	-0.8%

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

162

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

$156,494

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN T ALFERIO	PRESIDENT	40.00	Officer	$150,721	$5,773	$156,494
MELISSA ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BURKE	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
SHERMAN BURROUGHS	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE VAN DAM	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DOERING	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT K HAMMER	PAST CHAIR	1.00	Director	$0	$0	$0
ANGELA HARPER	SECRETARY	1.00	Officer Director	$0	$0	$0
JUANITA B LEATHERBERRY	DIRECTOR	1.00	Director	$0	$0	$0
BELINDA MCDOWELL	DIRECTOR	1.00	Director	$0	$0	$0
NANCY L MCMAHON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LESLIE OLMA	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN PITTS	DIRECTOR	1.00	Director	$0	$0	$0
JOE WALTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ZANNINO	COUNTY LIAIS	1.00	Director	$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
2025	$2,025,820	$1,949,491	$3,206,181	$76,329
2024	$2,434,778	$1,930,753	$3,125,527	$504,025
2023	$1,816,676	$1,637,540	$2,360,121	$179,136
2022	$1,739,294	$1,487,368	$2,020,036	$251,926
2021	$1,245,494	$1,201,051	$1,723,483	$44,443
2020	$1,595,360	$1,468,512	$1,576,152	$126,848
2019	$1,689,847	$1,641,930	$1,586,786	$47,917
2018	$1,617,266	$1,580,090	$1,645,879	$37,176

THE CULTURAL ARTS CENTER AT GLEN ALLEN FOUNDATION