CHICAGO AVENUE FIRE ARTS CENTER

🔒

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

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

SUSAN HAUGEN

Phone

6122940400

Tax Period

2024-01-01 to 2024-12-31

CHICAGO AVENUE FIRE ARTS CENTER, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $671K in total revenue in fiscal year 2024.

Mission

THE CHICAGO AVENUE FIRE ARTS CENTER INSPIRES HANDS, HEARTS, AND MINDS BY ART FORMS PRODUCED BY HEAT, SPARK, OR FLAME.

Program Service Accomplishments

Program 1

Expenses: $282,305 Revenue: $278,537

ARTS EDUCATION: IN 2024, CAFAC PROVIDED NEARLY 200 CLASSES IN A VARIETY OF FIRE ARTS FORMS, INCLUDING BLACKSMITHING, GLASS, JEWELRY, METAL CASTING, NEON, WELDING, AND MORE. THESE PROGRAMS GENERATED MORE THAN 1,150 ENROLLMENTS BY ADULTS AND YOUTH OF VARYING BACKGROUNDS AND ABILITIES. CAFAC MAINTAINS A SCHOLARSHIP FUND TO REMOVE FINANCIAL BARRIERS TO PARTICIPATION FROM WHICH WE AWARDED $15,000 IN 2024. WE EXTEND THE REACH OF OUR EDUCATION PROGRAMMING THROUGH PARTNERSHIPS WITH OTHER COMMUNITY ORGANIZATIONS. LAST YEAR THOSE PARTNERSHIPS PROVIDED THE OPPORTUNITY TO WORK WITH VETERANS, YOUNG PEOPLE EXPERIENCING HOMELESSNESS, AND COLLEGE STUDENTS.

Program 2

Expenses: $149,795 Revenue: $115,700

PUBLIC ART: CAFAC HAS ESTABLISHED A REPUTATION AS A CONDUIT BETWEEN EMERGING PUBLIC ARTISTS AND ORGANIZATIONS SEEKING LARGE-SCALE WORK, BY PROVIDING DESIGN EXPERTISE, FABRICATION FACILITIES, PROJECT MANAGEMENT, AND TRAINING FOR ARTISTS SEEKING TO BUILD THEIR PUBLIC ART PORTFOLIOS. IN 2024, THREE PROJECTS WERE IN OUR PUBLIC ART PRODUCTION PIPELINE (SEE WWW.CAFAC.ORG/PUBLIC-ART-PORTFOLIO).

Program 3

Expenses: $144,033 Revenue: $34,281

ARTIST SUPPORT: THIS THREAD IS WOVEN THROUGH ALL OF OUR WORK AS WE SUPPORT ARTISTS IN DEVELOPING THEIR CAREERS, LEARNING NEW SKILLS, AND BREAKING DOWN BARRIERS TO PARTICIPATION. IN 2024, THREE...

ARTIST SUPPORT: THIS THREAD IS WOVEN THROUGH ALL OF OUR WORK AS WE SUPPORT ARTISTS IN DEVELOPING THEIR CAREERS, LEARNING NEW SKILLS, AND BREAKING DOWN BARRIERS TO PARTICIPATION. IN 2024, THREE ARTISTS PARTICIPATED IN OUR RESIDENCY PROGRAM, WHICH PROVIDED FOUR MONTHS OF FOCUSED, SUPPORTED TIME IN THE CAFAC STUDIOS AND GALLERY. WE ALSO SERVE DOZENS OF ARTISTS WITH OUR SPARC (STUDIO PASS AT REDUCED COST) PROGRAM TO ACCESS THE TOOLS AND EQUIPMENT THEY NEED. WE PROVIDE A REFERRAL RESOURCE FOR ARTISTS THROUGH OUR CRAFTSPERSON COMMISSION CONNECTION PROGRAM, CONNECTING A ROSTER OF LOCAL CRAFTSPEOPLE, ARTISTS, AND FABRICATORS TO INDIVIDUALS NEEDING REPAIR, FABRICATION, OR CUSTOM WORK. CAFAC ALSO HAS A GALLERY THAT PROVIDES OPPORTUNITIES FOR SOLO AND GROUP EXHIBITS AS WELL AS COMMISSION SALES.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $242,602

Program Service Revenue $428,514

Investment Income $4

Other Revenue $195

TOTAL REVENUE $671,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,667

Fundraising Expenses $32,446

Program Expenses $576,133

Other Expenses $415,584

TOTAL EXPENSES $712,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$671,315	$651,934	+0.0%
Expenses	$712,251	$671,491	+0.1%
Net Income	$-40,936	$-19,557	+1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY ARIZA	BOARD MEMBER	2.00	Director	$0	$0	$0
VALERIE HOINESS	BOARD MEMBER	2.00	Director	$0	$0	$0
MELISSA STAUDINGER	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHLEEN KVERN	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN HAUGEN	TREASURER	2.00	Officer Director	$0	$0	$0
AMANDA KALER	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER HARRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
HEIDI SCHUSTER	VICE CHAIR	2.00	Director	$0	$0	$0
PETER SEGAR	CHAIR	2.00	Officer Director	$0	$0	$0
RYAN SWEENEY	BOARD MEMBER	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	$671,315	$712,251	$1,324,168	$-40,936
2023	$651,934	$671,491	$1,361,120	$-19,557
2022	$936,138	$598,100	$1,432,363	$338,038
2021	$489,115	$412,528	$435,791	$76,587
2020	$376,005	$340,109	$222,839	$35,896
2019	$325,321	$331,804	$227,860	$-6,483
2018	$456,104	$377,546	$219,074	$78,558