GADSDEN CULTURAL ARTS FOUNDATION I… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

TOM BANKS

Phone

2565432787

Tax Period

2025-01-01 to 2025-12-31

GADSDEN CULTURAL ARTS FOUNDATION INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2025. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 48% operating margin.

Mission

PROMOTION OF ARTISTIC ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $267,986 Revenue: $165,128

YOUTH SYMPHONY ORCHESTRA - LOCAL SCHOOL STUDENTS PARTICIPATE IN THIS GROUP WHICH HAS 408 MEMBERS AND PERFORMS REGULARLY, BOTH IN GADSDEN AND OUT OF STATE.

Program 2

Expenses: $164,029 Revenue: $271,599

IMAGINATION PLACE - A CHILDREN'S MUSEUM, DESIGNED PRIMARILY FOR CHILDREN AGES 2 THROUGH 10, WHERE CHILDREN CAN COME PLAY, EXPLORE, CREATE, AND LEARN.

Program 3

Expenses: $367,854 Revenue: $407,299

CLASSES - CLASSES DESIGNED TO OFFER INSTRUCTION SUCH AS ART, DANCE, AND MUSIC TO APPROXIMATELY 1,208 PEOPLE IN THE 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 (2025)

Revenue Breakdown

Contributions & Grants $1,909,788

Program Service Revenue $864,386

Investment Income $462,101

Other Revenue $19,010

TOTAL REVENUE $3,255,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,013,578

Fundraising Expenses $0

Program Expenses $838,541

Other Expenses $673,117

TOTAL EXPENSES $1,686,695

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,255,285	$1,670,005	+0.9%
Expenses	$1,686,695	$1,739,160	0.0%
Net Income	$1,568,590	$-69,155	-23.7%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
BEVERLY PHILLIPS	DIRECTOR	Director	$0	$0	$0
CODY ROBINSON	DIRECTOR	Director	$0	$0	$0
BO ARTHUR	DIRECTOR	Director	$0	$0	$0
JESSICA BROWN	VICE CHAIRMAN	Officer Director	$0	$0	$0
CATHERINE BAILEY	DIRECTOR	Director	$0	$0	$0
ALIE CAUSEY	DIRECTOR	Director	$0	$0	$0
HELENE HALLER	DIRECTOR	Director	$0	$0	$0
KAY MOORE	TREASURER	Officer Director	$0	$0	$0
MAMTA MISHRA	DIRECTOR	Director	$0	$0	$0
CATHERINE MARTIN	CHAIRMAN	Officer Director	$0	$0	$0
TERESA RHEA	DIRECTOR	Director	$0	$0	$0
SPENCER WILLIAMS	DIRECTOR	Director	$0	$0	$0
RUTH MOFFATT	DIRECTOR	Director	$0	$0	$0
JOHN TRONCALE	DIRECTOR	Director	$0	$0	$0
STEPHANIE SIMMONS	DIRECTOR	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
2025	$3,255,285	$1,686,695	$5,221,475	$1,568,590
2024	$1,670,005	$1,739,160	$3,652,699	$-69,155
2023	$1,622,766	$1,683,065	$3,722,135	$-60,299
2022	$1,493,599	$1,513,404	$3,782,043	$-19,805
2021	$1,694,730	$1,313,727	$3,801,232	$381,003
2020	$1,203,137	$1,317,641	$3,471,428	$-114,504
2019	$1,868,572	$1,805,971	$3,641,474	$62,601
2018	$2,000,621	$1,676,285	$3,632,228	$324,336

GADSDEN CULTURAL ARTS FOUNDATION INC