VENICE ART CENTER (EIN 596178294) - 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

1968

Legal Domicile

Principal Officer

MARY MOSCATELLI

Phone

9414857136

Tax Period

2023-01-01 to 2023-12-31

VENICE ART CENTER, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $874K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Net assets of $2.3M represent 32 months of operating reserves.

Mission

PROVIDE CULTURAL ENRICHMENT OPPORTUNITIES THAT INSPIRE AND ENGAGE OUR COMMUNITY TO SEE, EXPERIENCE, AND CREATE ART.

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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 $174,008

Program Service Revenue $451,152

Investment Income $26,897

Other Revenue $222,044

TOTAL REVENUE $874,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,440

Fundraising Expenses $54,237

Program Expenses $484,725

Other Expenses $500,522

TOTAL EXPENSES $848,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$874,101	$573,490	+0.5%
Expenses	$848,962	$730,069	+0.2%
Net Income	$25,139	$-156,579	-1.2%

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

200

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER HAZELTINE	DIRECTOR	2.00	Director	$0	$0	$0
TISH SCOTT-MURPHY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CASEY RILEY	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS CRAFTS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELE LAMOND	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF CORNELL	DIRECTOR	2.00	Director	$0	$0	$0
MAGGIE GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
PAUL MCCULLOUGH	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA STULTZ	DIRECTOR	2.00	Director	$0	$0	$0
RAVEN SKY MCDONOUGH	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$874,101	$848,962	$2,367,539	$25,139
2022	$573,490	$730,069	$2,208,541	$-156,579
2021	$1,722,400	$541,042	$2,383,474	$1,181,358
2020	$507,635	$580,007	$1,307,313	$-72,372
2019	$748,454	$746,417	$1,392,752	$2,037
2018	$733,014	$687,119	$1,349,519	$45,895

VENICE ART CENTER