CultureWorks Inc (EIN 546059009) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

Scott Garka

Phone

8043405280

Tax Period

2023-07-01 to 2024-06-30

CultureWorks Inc, founded in 1965, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 3% surplus.

Mission

CultureWorks is committed to its mission: strengthening artists and arts and culture organizations to increase their impact in our region.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,087,497

Program Service Revenue $24,000

Investment Income $5,940

Other Revenue $0

TOTAL REVENUE $1,117,437

Expense Breakdown

Grants Paid $540,500

Salaries & Benefits $408,936

Fundraising Expenses $80,261

Program Expenses $943,875

Other Expenses $146,221

TOTAL EXPENSES $1,095,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,117,437	$1,093,759	+0.0%
Expenses	$1,095,657	$1,088,380	+0.0%
Net Income	$21,780	$5,379	+3.0%

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

$173,924

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W Weldon Hill	Chair	2.00	Officer Director	$0	$0	$0
Sherman V Burroughs IV	Treasurer	2.00	Officer Director	$0	$0	$0
Judith Pahren	Secretary	2.00	Officer Director	$0	$0	$0
D Brennen Keene	Immediate Past Board Chair	2.00	Officer Director	$0	$0	$0
Frazier Armstrong	Director	2.00	Director	$0	$0	$0
Jon Baliles	Director	2.00	Director	$0	$0	$0
Pam M Comstock	Director	2.00	Director	$0	$0	$0
Ashley S Brooks	Director	2.00	Director	$0	$0	$0
Donald B Garber	Director	2.00	Director	$0	$0	$0
Dr James Saxsmo Gates	Director	2.00	Director	$0	$0	$0
Jennifer M McLemore	Parliamentarian	2.00	Director	$0	$0	$0
Scott Hammer	Director	2.00	Director	$0	$0	$0
R Blake O'Brien	Chair-Elect	2.00	Director	$0	$0	$0
Jenni Kirby	Director	2.00	Director	$0	$0	$0
Justin Laughter	Director	2.00	Director	$0	$0	$0
Dalila Medrano	Director	2.00	Director	$0	$0	$0
Matthew Matt Murko	Director	2.00	Director	$0	$0	$0
Conaway B Haskins III	Director	2.00	Director	$0	$0	$0
Melody Short	Director	2.00	Director	$0	$0	$0
Jessica Simmons	Director	2.00	Director	$0	$0	$0
Marcia Thalhimer	Director	2.00	Director	$0	$0	$0
Greg Williams	Director	2.00	Director	$0	$0	$0
Dee A Raubenstine	Director	2.00	Director	$0	$0	$0
Jeff Wells	Director	2.00	Director	$0	$0	$0
Jerry Williams	Director	2.00	Director	$0	$0	$0
Scott Garka	President	60.00	Officer	$168,858	$5,066	$173,924

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	No data	No data	No data	No data
2024	$1,117,437	$1,095,657	$665,899	$21,780
2023	$1,093,759	$1,088,380	$522,956	$5,379
2022	$1,289,541	$1,231,610	$827,621	$57,931
2021	$1,094,125	$1,038,065	$476,774	$56,060
2020	$1,165,895	$1,158,704	$610,569	$7,191
2019	$1,059,851	$1,023,854	$520,012	$35,997

CultureWorks Inc