ASSOCIATION FOR VISUAL ARTISTS

EIN: 581728801 501(c)(3) Arts, Culture & Humanities

Chattanooga, TN

Total Revenue
$533,800
Total Expenses
$588,337
Total Assets
$179,571
Net Assets
$-25,586
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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
1986
Legal Domicile
TN
Principal Officer
Jennifer Lelwis
Phone
4232654282
Tax Period
2024-07-01 to 2025-06-30

ASSOCIATION FOR VISUAL ARTISTS, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $534K in total revenue in fiscal year 2024. Expenses of $588K exceeded revenue, resulting in a 10% operating deficit.

Mission

To connect visual arts and community in personal and experiential ways because art makes people and communities better.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $282,495
Program Service Revenue $205,407
Investment Income $0
Other Revenue $45,898
TOTAL REVENUE $533,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $201,575
Fundraising Expenses $77,465
Program Expenses $382,050
Other Expenses $386,762
TOTAL EXPENSES $588,337

Year-over-Year Comparison

2024 2023 Change
Revenue $533,800 $506,453 +0.1%
Expenses $588,337 $493,356 +0.2%
Net Income $-54,537 $13,097 -5.2%
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

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Governance

Voting Members
19
Independent Members
19
Employees
4
Volunteers
72

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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Bradley-Shoup Member 1
Director
$0 $0 $0
Philip Byrum Member 1
Director
$0 $0 $0
Elizabeth Carriger Member 1
Director
$0 $0 $0
Julius Hubbard Member 1
Director
$0 $0 $0
Courtney Keehan Member 1
Director
$0 $0 $0
Cara McGowan Member 1
Director
$0 $0 $0
Kirby Miles Member 1
Director
$0 $0 $0
La-Tesia Poole Member 1
Director
$0 $0 $0
Adrienne Powell Member 1
Director
$0 $0 $0
Holly Schwartz Member 1
Director
$0 $0 $0
Angie To Member 1
Director
$0 $0 $0
Caroline Walker Member 1
Director
$0 $0 $0
Maria Willison Member 1
Director
$0 $0 $0
Lisa Houser Member 1
Director
$0 $0 $0
Sheryl Benford Member 1
Director
$0 $0 $0
Caroline Jewell Member 1
Director
$0 $0 $0
Lindsay Hill Board Chair 1
Officer
$0 $0 $0
Margaret Baird vp/Treasurer 1
Officer
$0 $0 $0
Michelle Leavy Secretary 1
Officer
$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 $533,800 $588,337 $179,571 $-54,537
2024 $506,453 $493,356 $281,751 $13,097
2023 $464,608 $476,517 $316,183 $-11,909
2022 $450,921 $432,518 $116,196 $18,403
2021 $340,349 $412,985 $91,786 $-72,636
2019 $364,960 $337,299 $63,889 $27,661
2018 $373,098 $538,261 $69,325 $-165,163
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