Artwerks

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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

2007

Legal Domicile

Principal Officer

Nathan Marion

Tax Period

2023-01-01 to 2023-12-31

Artwerks, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $867K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

The mission of Artwerks DBA Fremont Abbey Arts Center is to curate and host welcoming arts and cultural experiences.

Program Service Accomplishments

Program 1

Expenses: $631,143 Revenue: $579,302

Art: Artwerks DBA Fremont Abbey Arts Center facilitated arts education and performance opportunites for people of all ages, incomes and skill levels. This year, 359 artistic events, classes...

Art: Artwerks DBA Fremont Abbey Arts Center facilitated arts education and performance opportunites for people of all ages, incomes and skill levels. This year, 359 artistic events, classes, rehearsals, and workshops (765 in 2022) resulted in a total attendance of 30,796 in person and online.

Program 2

Expenses: $126,229

Culture: This year, Artwerks DBA Fremont Abbey Arts Center hosted and supported 48 cultural community events with an estimated attendance of 4787. These events showed a diverse array of local...

Culture: This year, Artwerks DBA Fremont Abbey Arts Center hosted and supported 48 cultural community events with an estimated attendance of 4787. These events showed a diverse array of local community members and nonprofit organizations who gathered to celebrate and support one another in a welcoming and accessible space.

Program 3

Expenses: $84,151

Youth: Artwerks DBA Fremont Abbey Arts Center supported arts education and experiences for all ages and incomes, enabling youth to engage in arts education including music, dance, visual, literacy...

Youth: Artwerks DBA Fremont Abbey Arts Center supported arts education and experiences for all ages and incomes, enabling youth to engage in arts education including music, dance, visual, literacy and other artistic programming throughout the year. Through our programs and partnerships, youth attendance reached 1200 in arts activities, classes and performance opportunities on-site and off-site.

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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 $287,540

Program Service Revenue $579,302

Investment Income $123

Other Revenue $0

TOTAL REVENUE $866,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $366,858

Fundraising Expenses $45,889

Program Expenses $841,523

Other Expenses $637,815

TOTAL EXPENSES $1,004,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$866,965	$764,906	+0.1%
Expenses	$1,004,673	$1,002,123	+0.0%
Net Income	$-137,708	$-237,217	-0.4%

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

$63,283

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nathan Marion	Executive Director	32.00	Officer	$63,283	$0	$63,283
Cindy Dailey	Board Member	0.50	Director	$0	$0	$0
Lori Austin	Board Member	0.50	Director	$0	$0	$0
Rachel Scott	Board Member	0.50	Director	$0	$0	$0
Erica Strathern	Treasurer	1.00	Officer Director	$0	$0	$0
Conor Law	Chair	1.00	Officer Director	$0	$0	$0
Devin Schweppe	Vice-Chair	1.00	Officer Director	$0	$0	$0
Alexa Sparks	Secretary	1.00	Officer Director	$0	$0	$0
Juliann Itter	Interim Executive Director	32.00	Officer	$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	$866,965	$1,004,673	$315,680	$-137,708
2022	$764,906	$1,002,123	$420,216	$-237,217
2021	$1,094,056	$663,053	$680,442	$431,003
2020	$358,082	$342,550	$182,718	$15,532
2019	$759,653	$725,534	$173,219	$34,119
2018	$672,148	$666,132	$120,790	$6,016