Arts Gowanus Inc (EIN 753192120) - 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

2006

Legal Domicile

Principal Officer

JOHNNY THORNTON

Phone

3474468254

Tax Period

2023-01-01 to 2023-12-31

Arts Gowanus Inc, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $500K in total revenue in fiscal year 2023. Revenue surged 113% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 30% operating margin.

Mission

Arts Gowanus is a not-for-profit organization working to support, promote, and advocate for local artists and a sustainable arts community in Brooklyn

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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 $197,668

Program Service Revenue $301,160

Investment Income $87

Other Revenue $1,277

TOTAL REVENUE $500,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,021

Fundraising Expenses $22,965

Program Expenses $219,135

Other Expenses $161,617

TOTAL EXPENSES $347,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500,192	$234,602	+1.1%
Expenses	$347,638	$173,396	+1.0%
Net Income	$152,554	$61,206	+1.5%

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

$114,168

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Johnny Thornton	Executive Director	40.00	Officer	$110,838	$0	$110,838
Demarcus McGaughey	Director	1.00	Officer	$3,330	$0	$3,330
Tracy Penn	Board Chair	2.00	Officer Director	$0	$0	$0
David Kutz	Board President	2.00	Officer Director	$0	$0	$0
Behzad Amiri	Treasurer	1.25	Officer Director	$0	$0	$0
Julie Mashack	Secretary	1.25	Officer Director	$0	$0	$0
Laporte Claire	Director	1.00	Director	$0	$0	$0
Sally N Davis	Director	1.00	Director	$0	$0	$0
Karen Mainenti	Director	1.00	Director	$0	$0	$0
Brendan Aguayo	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	No data	No data	No data	No data
2023	$500,192	$347,638	$291,090	$152,554
2022	$234,602	$173,396	$123,087	$61,206

Arts Gowanus Inc