BOWER CENTER FOR THE ARTS (EIN 810684725) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

DENNY HUFF

Phone

5405864235

Tax Period

2024-01-01 to 2024-12-31

BOWER CENTER FOR THE ARTS, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $167K in total revenue in fiscal year 2018. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $202K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO MAKE VISUAL AND PERFORMING ARTS AVAILABLE TO THE ENTIRE BEDFORD POPULATION; TO BECOME A CREATIVE FORCE AND AN EDUCATIONAL RESOURCE FOR THE COMMUNITY, AND TO HARNESS THE ECONOMIC VITALITY OF THE ARTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $229,594

Program Service Revenue $67,350

Investment Income $48

Other Revenue $24,729

TOTAL REVENUE $321,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,418

Fundraising Expenses $32,989

Program Expenses $171,309

Other Expenses $147,917

TOTAL EXPENSES $280,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,721	$248,176	+0.3%
Expenses	$280,335	$271,801	+0.0%
Net Income	$41,386	$-23,625	-2.8%

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

Total Directors

Key Employees

$63,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DESMOND BLACK	FACILITIES CHAIR PERSON	5.00	Officer Director	$0	$0	$0
EMILIE TEMELES	DIRECTOR	2.00	Director	$0	$0	$0
JANET CHALKER	TREASURER	5.00	Officer Director	$0	$0	$0
PERRI MASON	SECRETARY	1.00	Officer Director	$0	$0	$0
JON HAYDEN	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP BAKER	DIRECTOR	1.00	Director	$0	$0	$0
DENNY HUFF	PRESIDENT	5.00	Officer Director	$0	$0	$0
RYAN STEFFAN	DIRECTOR	1.00	Director	$0	$0	$0
JAY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
NELSON SCHACHT	DIRECTOR	1.00	Director	$0	$0	$0
BOBBIE DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MARTIN	EXECUTIVE DIRECTOR	40.00	Key Emp	$63,750	$0	$63,750

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	$321,721	$280,335	$419,621	$41,386
2023	$248,176	$271,801	$378,025	$-23,625
2022	$230,906	$265,720	$387,999	$-34,814
2021	$235,720	$222,852	$415,824	$12,868
2020	$191,074	$205,416	$403,522	$-14,342
2019	$156,203	$198,463	$418,025	$-42,260
2018	$166,653	$202,390	$475,945	$-35,737

BOWER CENTER FOR THE ARTS