PRICE TOWER ARTS CENTER INC

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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

1998

Legal Domicile

Principal Officer

BRAD DOENGES

Phone

9183364949

Tax Period

2023-01-01 to 2023-12-31

PRICE TOWER ARTS CENTER INC, founded in 1998, is a small nonprofit that reported $441K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $497K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE LOCAL, REGIONAL AND NATIONAL AUDIENCES WITH A MUSEUM DEDICATED TO THE DISPLAY OF ART, ARCHITECTURE AND DESIGN; AND TO PRESERVE AND INTERPRET THE PRICE TOWER, FRANK LLOYD WRIGHT'S ONLY BUILT SKYSCRAPER.

Program Service Accomplishments

Program 1

Expenses: $457,837 Revenue: $137,729

PRICE TOWER ARTS CENTER PRESERVES AND INTERPRETS FRANK LLOYD WRIGHT'S PIONEERING EXPERIMENT IN SKYSCRAPER DESIGN. THE ARTS CENTER OFFERS A VARIETY OF FORMS OF INTERPRETATION FOR VISITORS TO LEARN...

PRICE TOWER ARTS CENTER PRESERVES AND INTERPRETS FRANK LLOYD WRIGHT'S PIONEERING EXPERIMENT IN SKYSCRAPER DESIGN. THE ARTS CENTER OFFERS A VARIETY OF FORMS OF INTERPRETATION FOR VISITORS TO LEARN FROM WRIGHT'S DESIGN. ITS ARCHIVES ARE OPEN TO THE PUBLIC FOR RESEARCH THROUGH THE ARCHITECTURE STUDY CENTER. PRICE TOWER ARTS CENTER PROVIDES YEAR-ROUND EXHIBITIONS AND EDUCATIONAL PROGRAMS FOR ALL AGES.

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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 $238,201

Program Service Revenue $137,729

Investment Income $15

Other Revenue $64,635

TOTAL REVENUE $440,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,389

Fundraising Expenses $4,222

Program Expenses $457,837

Other Expenses $347,862

TOTAL EXPENSES $497,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$440,580	$695,920	-0.4%
Expenses	$497,251	$875,858	-0.4%
Net Income	$-56,671	$-179,938	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ADAMS	TRUSTEE	N/A	Officer Director	$0	$0	$0
CHARLIE DANIELS	SECRETARY	N/A	Officer Director	$0	$0	$0
BRAD DOENGES	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARK HASKELL	TREASURER	N/A	Officer Director	$0	$0	$0
SCOTT HOLTZ	TRUSTEE	N/A	Director	$0	$0	$0
SHERYL KAUFMAN	TRUSTEE	N/A	Director	$0	$0	$0
SANDRA KENT	TRUSTEE	N/A	Director	$0	$0	$0
SCOTT SABINE	TRUSTEE	N/A	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	$440,580	$497,251	$2,833,777	$-56,671
2022	$695,920	$875,858	$2,904,174	$-179,938
2021	$395,524	$717,860	$2,762,382	$-322,336
2019	$738,436	$1,131,990	$2,762,560	$-393,554
2018	$580,283	$939,852	$2,880,216	$-359,569
2017	$855,840	$963,692	$3,209,723	$-107,852