STUDIO BY THE TRACKS INC (EIN 631004336) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

Merrilee Challiss

Phone

2059513317

Tax Period

2023-01-01 to 2023-12-31

STUDIO BY THE TRACKS, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $298K in total revenue in fiscal year 2018.

Mission

We provide free art classes for our clients. We provide an environment which allows troubled young people & adults with special needs an outlet to create. We encourage a supportive and nonjudgmental atmosphere necessary to nurture creative abilities.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,047,271

Program Service Revenue $0

Investment Income $9,846

Other Revenue $249,087

TOTAL REVENUE $2,306,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,184

Fundraising Expenses $159,636

Program Expenses $210,784

Other Expenses $193,823

TOTAL EXPENSES $445,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,306,204	$443,875	+4.2%
Expenses	$445,007	$430,393	+0.0%
Net Income	$1,861,197	$13,482	+137.1%

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

Total Directors

Key Employees

$45,252

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Merrilee Challiss	Executive Director	40	Key Emp	$45,252	$0	$45,252
Ben Burford	Member	1	Director	$0	$0	$0
Lee Marks	Member	1	Director	$0	$0	$0
Paul Ware	Member	1	Director	$0	$0	$0
Martha Stivender	Member	1	Director	$0	$0	$0
Megan Wilson	Member	1	Director	$0	$0	$0
Wendy McDowell	Member	1	Director	$0	$0	$0
Tamara Sansbury	Member	1	Director	$0	$0	$0
Sergio Stegno	Member	1	Director	$0	$0	$0
Courtney Andrews	Member	1	Director	$0	$0	$0
Mickey Davis	Member	1	Director	$0	$0	$0
Nancy Hendrix	Member	1	Director	$0	$0	$0
Carey Fountain	Member	1	Director	$0	$0	$0
Wes Smith	Member	1	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	$2,306,204	$445,007	$2,340,798	$1,861,197
2022	$443,875	$430,393	$638,425	$13,482
2021	$386,340	$377,791	$666,947	$8,549
2020	$363,616	$319,843	$599,737	$43,773
2019	$315,255	$321,752	$545,612	$-6,497
2018	$298,108	$296,596	$547,389	$1,512

STUDIO BY THE TRACKS INC