THE CIRCUS PROJECT

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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

2008

Legal Domicile

Principal Officer

HERTSEL SHADIAN

Phone

5037649174

Tax Period

2022-01-01 to 2022-12-31

THE CIRCUS PROJECT, founded in 2008, is a small nonprofit that reported $523K in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $966K exceeded revenue, resulting in a 85% operating deficit.

Mission

THE CIRCUS PROJECT OFFERS CIRCUS ARTS EDUCATION AND PERFORMANCES THAT INVITE PEOPLE WITH A VARIETY OF LIFE EXPERIENCES TO GROW AS ARTISTS, INDIVIDUALS, AND COMMUNITY MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $674,163 Revenue: $202,218

CIRCUS EDUCATIONOUR EDUCATION PROGRAMS SUPPORT CIRCUS ARTISTS FROM MANY WALKS OF LIFE. WE PROVIDE A SPACE AND CURRICULUM WHERE EVERY STUDENT CAN SHOW UP AS THEIR AUTHENTIC SELF AND LEARN TO HOW TO...

CIRCUS EDUCATIONOUR EDUCATION PROGRAMS SUPPORT CIRCUS ARTISTS FROM MANY WALKS OF LIFE. WE PROVIDE A SPACE AND CURRICULUM WHERE EVERY STUDENT CAN SHOW UP AS THEIR AUTHENTIC SELF AND LEARN TO HOW TO TRAIN WITH THE DISCIPLINE, SAFETY, AND CREATIVE PRESENCE OF A PROFESSIONAL CIRCUS ARTIST. WE DO THIS THROUGH TUITION-BASED CLASSES AND INTENSIVE TRAINING PROGRAMS OPEN TO YOUTH AND ADULTS FROM THE GENERAL PUBLIC, AND THROUGH OUR PATHWAYS PROGRAM, WHICH INCREASES ACCESS TO THE ARTS FOR STUDENTS WHO WOULDN'T OTHERWISE HAVE THESE LEARNING OPPORTUNITIES. OUR PROGRAMS ARE MADE ACCESSIBLE WITH A ROBUST SCHOLARSHIP FUND AND AN ON-STAFF SOCIAL WORKER TO WORK WITH STUDENTS AND FAMILIES... (CONTINUED ON SCHEDULE O) TO REMOVE FINANCIAL, LOGISTICAL, AND CULTURAL BARRIERS TO PARTICIPATION. IN ORDER TO OFFER SAFE TRAINING AND PERFORMANCE SPACE AMIDST THE ONGOING PANDEMIC, WE BUILT A UNIQUE SATELLITE OUTDOOR VENUE, THE DOMES.

Program 2

Expenses: $41,458 Revenue: $6,713

PATHWAYS: CREATING ACCESS TO CIRCUS ARTSIN 2022, WE PROVIDED OVER $100,000 WORTH OF FREE OR REDUCED CIRCUS TRAINING FOR FOLKS WITH FINANCIAL BARRIERS. WE ALSO CONTINUED THE VOICE PROJECT, A YEAR-LONG...

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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 (2022)

Revenue Breakdown

Contributions & Grants $322,552

Program Service Revenue $203,559

Investment Income $-8,132

Other Revenue $5,372

TOTAL REVENUE $523,351

Expense Breakdown

Grants Paid $249,614

Salaries & Benefits $485,894

Fundraising Expenses $17,063

Program Expenses $715,621

Other Expenses $230,201

TOTAL EXPENSES $965,709

Year-over-Year Comparison

	2022	2021	Change
Revenue	$523,351	$839,320	-0.4%
Expenses	$965,709	$763,861	+0.3%
Net Income	$-442,358	$75,459	-6.9%

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

$60,834

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEL TAYLOR	BOARD PRESIDENT (1/1-8/2/22)	5.00	Officer Director	$0	$0	$0
LINDA MCGEADY	BOARD MEMBER (1/1-8/2/22); SECRETARY (8/3-PRESENT)	5.00	Officer Director	$0	$0	$0
HERTSEL SHADIAN	SECRETARY (1/1-8/2/22); PRESIDENT (8/3-PRESENT)	5.00	Officer Director	$0	$0	$0
MARA RICO	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY STRATMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIA TOSCANO MIWA	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRSTEN COLLINS	EXECUTIVE DIRECTOR	40.00	Officer	$25,106	$0	$25,106
DENIZ CONGER	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$35,728	$0	$35,728

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
2022	$523,351	$965,709	No data	$-442,358
2021	$839,320	$763,861	$477,509	$75,459
2020	$800,728	$775,046	$507,335	$25,682
2019	$778,733	$901,417	$386,308	$-122,684
2018	$738,826	$748,357	$498,174	$-9,531