Studio for the Arts Inc

EIN: 582067022 501(c)(3)

Pocahontas, AR

Total Revenue
$54,662
Total Expenses
$85,115
Total Assets
$867,494
Net Assets
$776,275
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
AR
Principal Officer
Andrea Evers
Phone
8708920030
Tax Period
2020-01-01 to 2020-12-31

Studio for the Arts Inc, founded in 2003, is a micro nonprofit that reported $49K in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year. Expenses of $77K exceeded revenue, resulting in a 57% operating deficit.

Mission

To encourage participation in the performing arts.

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Trantor Score

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $11,000
Program Service Revenue $34,685
Investment Income $0
Other Revenue $8,977
TOTAL REVENUE $54,662

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,448
Fundraising Expenses $2,251
Program Expenses $73,654
Other Expenses $78,667
TOTAL EXPENSES $85,115

Year-over-Year Comparison

2020 2019 Change
Revenue $54,662 $73,343 -0.3%
Expenses $85,115 N/A N/A
Net Income $-30,453 $73,343 -1.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
20

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Kelly President 2.00
Officer Director
$0 $0 $0
Floyd Coonce Board Member 2.00
Director
$0 $0 $0
Barb Bourgeret Vice President 2.00
Officer Director
$0 $0 $0
Eli Murry Board Member 2.00
Director
$0 $0 $0
Jim Lukerboard Board Member 2.00
Director
$0 $0 $0
Jeremy Turner Board Member 2.00
Director
$0 $0 $0
Andee Evers Executive Director 30.00
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
2020 $54,662 $85,115 $867,494 $-30,453
2019 $73,343 $90,739 $900,929 $-17,396
2018 $48,793 $76,777 $918,396 $-27,984
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