THE ARTS STUDIO DBA FIREHOUSE ART CENTER

EIN: 742380475 501(c)(3)

Longmont, CO

Total Revenue
$241,995
Total Expenses
$178,251
Total Assets
$203,726
Net Assets
$189,665
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
CO
Principal Officer
Elaine Waterman
Phone
3036512787
Tax Period
2022-01-01 to 2022-12-31

THE ARTS STUDIO DBA FIREHOUSE ART CENTER, founded in 1986, is a small nonprofit that reported $242K in total revenue in fiscal year 2022. The organization ran a surplus of $64K, a strong 26% operating margin.

Mission

The Firehouse Art Center inspires cultural engagement and human connection by providing life-enhancing experiences through exhibitions, education, and community events. The Firehouse is a non-profit art center committed to exhibiting thought-provoking art created by local, regional, and national artists. Through our no-fee admission gallery and our outreach art classes taught at no cost to under-resourced areas of the community, we strive to bring the healing nature of art to all. The Firehouse Art Center is Longmonts leading contemporary art center featuring national and local artists with over a dozen exhibitions a year. A cornerstone of the Longmont Creative District, we offer educational programs, events, and membership programs to support creativity for all. Our goal is to raise cultural awareness and understanding of the arts in the regional community.

Program Service Accomplishments

Program 1
Expenses: $16,424 Revenue: $22,792

ArtWalk is a community festival that happens on the weekends throughout the summer. ArtWalk Connects artists and citizens, culminating in a full-day festival that takes place in the entire downtown...

Read more

ArtWalk is a community festival that happens on the weekends throughout the summer. ArtWalk Connects artists and citizens, culminating in a full-day festival that takes place in the entire downtown Longmont area.

Program 2
Expenses: $3,780 Revenue: $11,342

Our Catrina Ball and Day of Dead celebration explores our deep latinx culture and supports a better understanding of our community.

Program 3
Expenses: $15,926 Revenue: $10,172

Our Education Program offers low and no-cost art classes to children and adults, in both our facility and at the local farmers market.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $162,201
Program Service Revenue $61,458
Investment Income $79
Other Revenue $18,257
TOTAL REVENUE $241,995

Expense Breakdown

Grants Paid $21,725
Salaries & Benefits $76,250
Fundraising Expenses $34,870
Program Expenses $178,251
Other Expenses $80,276
TOTAL EXPENSES $178,251

Year-over-Year Comparison

2022 2021 Change
Revenue $241,995 N/A N/A
Expenses $178,251 N/A N/A
Net Income $63,744 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
7
Employees
4
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
0
$0
Total Directors
9
$49,808
Key Employees
1
$49,808
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
E Waterman Excutive Director 40.00
Director Key Emp Highest
$49,808 $0 $49,808
J Cross President 2.00
Director
$0 $0 $0
D Martonis Vice President 2.00
Director
$0 $0 $0
E Moore Board Member 1.00
Director
$0 $0 $0
N Huber Board Member 1.00
Director
$0 $0 $0
D Hartman Secretary 2.00
Director
$0 $0 $0
W Northcutt Board member 2.00
Director
$0 $0 $0
M Davis Board Member 2.00
Director
$0 $0 $0
G Shafer Treasurer 2.00
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 No data No data No data No data
2022 $241,995 $178,251 $203,726 $63,744
Explore More Nonprofits
Top 100 Nonprofits in Colorado Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE ARTS STUDIO DBA FIREHOUSE ART CENTER with other nonprofits in Colorado and across the country.