STUDIO BY THE TRACKS INC

EIN: 631004336 501(c)(3) Arts, Culture & Humanities

Irondale, AL

Total Revenue
$2,306,204
Total Expenses
$445,007
Total Assets
$2,340,798
Net Assets
$2,309,965
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
AL
Principal Officer
Merrilee Challiss
Phone
2059513317
Tax Period
2023-01-01 to 2023-12-31

STUDIO BY THE TRACKS INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 420% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 81% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $210,784 Revenue: $131,442

Studio By The Tracks was formed to provide free art classes to emotionally conflicted children and adults with autism spectrum disorder or other mental illnesses. SBTT maintains a focused, energized...

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Studio By The Tracks was formed to provide free art classes to emotionally conflicted children and adults with autism spectrum disorder or other mental illnesses. SBTT maintains a focused, energized atmosphere that provides students a safe haven in which to create. Currently the Studio is serving approximately 80 individuals.

Program 2
Expenses: $0 Revenue: $25,919

Holiday Open House

Program 3
Expenses: $0 Revenue: $0

None

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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%)

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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

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Governance

Voting Members
13
Independent Members
13
Employees
9
Volunteers
25

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
0
$0
Total Directors
13
$0
Key Employees
1
$45,252
Highest Compensated
0
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
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