GADSDEN ARTS INC (EIN 593247747) - 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

1994

Legal Domicile

Principal Officer

GRACE ROBINSON

Phone

8508754866

Tax Period

2024-01-01 to 2024-12-31

GADSDEN ARTS INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $900K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 16% operating margin.

Mission

GADSDEN ARTS INSPIRES THE EXPLORATION, UNDERSTANDING, AND APPRECIATION OF THE VISUAL ARTS TO ENRICH LIFE FOR EVERYONE, BRINGING PEOPLE TOGETHER AND CONTRIBUTING TO CULTURAL AND ECONOMIC VITALITY IN OUR COMMUNITY.

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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 $647,086

Program Service Revenue $82,363

Investment Income $127,116

Other Revenue $43,801

TOTAL REVENUE $900,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,445

Fundraising Expenses $34,941

Program Expenses $672,486

Other Expenses $425,391

TOTAL EXPENSES $757,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$900,366	$733,974	+0.2%
Expenses	$757,836	$767,665	0.0%
Net Income	$142,530	$-33,691	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

810

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

$109,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM FRIEDMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JIMMY NICHOLSON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
PATSY BATES	SECRETARY	3.00	Officer Director	$0	$0	$0
MARTHA FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTLE MAY	DIRECTOR	1.00	Director	$0	$0	$0
HARRIS WILTSHER	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE FIORE	DIRECTOR	1.00	Director	$0	$0	$0
MAYO WOODWARD	DIRECTOR	1.00	Director	$0	$0	$0
RANIE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH WATSON HEALY	PRESIDENT	1.00	Officer Director	$0	$0	$0
PARK ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE GARDENER	DIRECTOR	1.00	Director	$0	$0	$0
NORMA MEIER	DIRECTOR	1.00	Director	$0	$0	$0
NEIL MOONEY	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE WOODWARD	DIRECTOR	1.00	Director	$0	$0	$0
TERRY HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
JIM MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES THIGPEN	DIRECTOR	1.00	Director	$0	$0	$0
KATEE TULLY	DIRECTOR	1.00	Director	$0	$0	$0
GRACE ROBINSON	EXECUTIVE DIRECTOR	40.00	Officer	$106,124	$3,184	$109,308

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	$900,366	$757,836	$4,254,385	$142,530
2023	$733,974	$767,665	$3,570,647	$-33,691
2022	$857,053	$762,833	$3,620,728	$94,220
2021	$839,126	$560,371	$3,534,552	$278,755
2020	$583,615	$607,027	$3,309,221	$-23,412
2019	$520,917	$618,732	$3,278,060	$-97,815
2018	$706,422	$585,401	$2,944,951	$121,021

GADSDEN ARTS INC