THE CALLANWOLDE FOUNDATION INC (EIN 581489389) - Form 990 Financial Analysis & Trantor Score

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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

1970

Legal Domicile

Principal Officer

ANDREW J KEENAN

Phone

4048725338

Tax Period

2023-01-01 to 2023-12-31

THE CALLANWOLDE FOUNDATION INC, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 35% operating margin.

Mission

THE CALLANWOLDE FOUNDATION PROMOTES PERFORMING AND FINE ARTS IN DEKALB COUNTY AND RESTORES & MAINTAINS THE HISTORIC CALLANWOLDE FINE ARTS CENTER. CLASSES INCLUDE DANCE, PAINTING, POTTERY, PHOTOGRAPHY, WRITING, MUSIC, FITNESS AND OTHERS. THE FOUNDATION IS ALSO HOST TO VARIOUS ART SHOWS, PLAYS, RECITALS, AND POETRY READINGS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,233,833

Program Service Revenue $944,530

Investment Income $53,850

Other Revenue $398,240

TOTAL REVENUE $4,630,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,529,631

Fundraising Expenses $900,553

Program Expenses $1,511,959

Other Expenses $1,476,762

TOTAL EXPENSES $3,006,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,630,453	$1,888,321	+1.5%
Expenses	$3,006,393	$2,460,162	+0.2%
Net Income	$1,624,060	$-571,841	-3.8%

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

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

$162,087

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BARTON	PRESIDENT	1.00	Director	$0	$0	$0
TURNER BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE CHAMBLESS	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN CRITZ	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER NICHOLAOU	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PASCALE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE LONG SPEARS	DIRECTOR	1.00	Director	$0	$0	$0
TONY RAGUNAS	DIRECTOR	1.00	Director	$0	$0	$0
JIM ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
ABBY SHEFER	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELIZABETH W STONE	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE TANNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TESLER	DIRECTOR	1.00	Director	$0	$0	$0
AMBER THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
RONDAH THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
GLENN WARREN	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MIDDELTHON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT STORBECK	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW J KEENAN	EXECUTIVE DI	40.00	Officer	$162,087	$0	$162,087

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	No data	No data	No data	No data
2023	$4,630,453	$3,006,393	$5,634,058	$1,624,060
2022	$1,888,321	$2,460,162	$3,458,304	$-571,841
2021	$1,973,152	$2,005,011	$3,540,357	$-31,859
2020	$1,445,007	$1,784,583	$3,231,349	$-339,576
2019	$1,986,355	$2,026,615	$3,492,700	$-40,260
2018	$2,473,738	$2,174,697	$3,450,071	$299,041

THE CALLANWOLDE FOUNDATION INC