CENTER FOR VISUAL ARTISTS GREENSBO… - 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

1963

Legal Domicile

Principal Officer

SARA GRAY

Phone

3363337475

Tax Period

2024-01-01 to 2024-12-31

CENTER FOR VISUAL ARTISTS GREENSBORO INC, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $269K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

SUPPORT EMERGING ARTISTS OF ALL AGES THROUGH EDUCATION PROGRAMS, EXHIBITION OPPORTUNITIES, AND COMMUNITY OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $204,329 Revenue: $269,043

THE CENTER FOR VISUAL ARTISTS OFFERS AFFORDABLE ART EDUCATION FOR ALL AGES, INCLUDING CHILDREN'S ART CAMPS AND AFTER-SCHOOL PROGRAMS, ADULT POTTERY AND OTHER ART CLASSES, AND LOCAL ART EXHIBITIONS,

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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 $89,238

Program Service Revenue $179,805

Investment Income $0

Other Revenue $0

TOTAL REVENUE $269,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,542

Fundraising Expenses $0

Program Expenses $204,329

Other Expenses $50,699

TOTAL EXPENSES $262,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,043	$286,909	-0.1%
Expenses	$262,241	$285,277	-0.1%
Net Income	$6,802	$1,632	+3.2%

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

Total Directors

Key Employees

$35,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA NICKELS	DIRECTOR OF OPERATIONS	30	Key Emp	$35,750	$0	$35,750
SARA GRAY	BOARD CHAIR	10	Director	$0	$0	$0
SHYAMOL MEHTA	BOARD VICE CHAIR	5	Director	$0	$0	$0
BONITA SHERROD	BOARD TREASURER	10	Director	$0	$0	$0
DEBBIE KRASZESKI	BOARD SECRETARY	5	Director	$0	$0	$0
JEREMY EVANS	BOARD MEMBER	10	Director	$0	$0	$0
CATHERINE MORSELL	BOARD MEMBER	5	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
2024	$269,043	$262,241	$54,364	$6,802
2023	$286,909	$285,277	$37,204	$1,632
2022	$262,822	$212,522	$78,063	$50,300
2022	$174,711	$210,210	$42,397	$-35,499
2021	$116,471	$147,871	$23,390	$-31,400
2019	$170,059	$196,572	$23,375	$-26,513
2018	$234,385	$230,657	$43,965	$3,728

CENTER FOR VISUAL ARTISTS GREENSBORO INC