CENTER FOR THE ARTS OF BONITA SPRINGS INC (EIN 650295085) - 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

1991

Legal Domicile

Principal Officer

ALYONA USHE

Phone

2394958989

Tax Period

2023-06-01 to 2024-05-31

CENTER FOR THE ARTS OF BONITA SPRINGS INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

A CULTURAL CENTER PROVIDING EDUCATION, CLASSES, PERFORMANCES AND SCHOLARSHIPS FOR THE COMMUNITY. TO ADD, ENHANCE AND IMPROVE PEOPLES LIVES.

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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 $790,207

Program Service Revenue $2,386,696

Investment Income $24,611

Other Revenue $33,795

TOTAL REVENUE $3,235,309

Expense Breakdown

Grants Paid $53,695

Salaries & Benefits $1,251,226

Fundraising Expenses $48,628

Program Expenses $2,844,665

Other Expenses $2,055,848

TOTAL EXPENSES $3,360,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,235,309	$2,741,767	+0.2%
Expenses	$3,360,769	$3,217,766	+0.0%
Net Income	$-125,460	$-475,999	-0.7%

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

300

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

$88,900

Total Directors

$88,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED WEINMAN	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID PRYOR	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
KEN MACK	VICE CHAIR AND TREASURER	1.00	Officer Director	$0	$0	$0
PATT SUWYN	ACTING SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH BUSCAGLIA	DIRECTOR	1.00	Director	$0	$0	$0
WENDY AGUILERA	DIRECTOR	1.00	Director	$0	$0	$0
JILL FUSELLI	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CORRIE	DIRECTOR	1.00	Director	$0	$0	$0
SHANA HELSEL	DIRECTOR	1.00	Director	$0	$0	$0
CINDY KERKER	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL WELLMAN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE ZALUCKI	DIRECTOR	1.00	Director	$0	$0	$0
ALYONE USHE	EXECUTIVE DIRECTOR	40.00	Officer Director	$85,222	$3,678	$88,900
CANDICE ROSE	DIRECTOR	1.00	Director	$0	$0	$0
DON THOMSON	DIRECTOR	1.00	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	$3,235,309	$3,360,769	$6,410,830	$-125,460
2023	$2,741,767	$3,217,766	$6,724,737	$-475,999
2022	$3,360,058	$2,701,582	$7,207,342	$658,476
2021	$1,945,354	$1,983,323	$6,527,420	$-37,969
2020	$2,532,224	$2,558,194	$6,697,601	$-25,970
2019	$2,536,244	$2,796,378	$6,577,839	$-260,134

CENTER FOR THE ARTS OF BONITA SPRINGS INC