Studio Ace

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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

2016

Legal Domicile

Phone

7607305203

Tax Period

2023-01-01 to 2023-12-31

Studio Ace, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2023.

Mission

PROVIDING EDUCATIONAL ART ACTIVITIES, ART FESTIVALS AND ART CLASSES FOR YOUTH/KIDS PROGRAMS INCLUDING ART ACTIVITIES FOR ELEMENTRY SCHOOLS

Program Service Accomplishments

Program 1

Expenses: $116,871 Revenue: $40,875

Art Camp and Classes -- Studio ACE provides free or low cost art camps and classes from Toddlers to Seniors

Program 2

Expenses: $13,188 Revenue: $12,926

Valley Arts Festival-- The purpose of the festival is to present a celebration of the arts and culture of Oceanside and its first peoples, known as the San Luis Rey Band of Mission Indians, one of...

Valley Arts Festival-- The purpose of the festival is to present a celebration of the arts and culture of Oceanside and its first peoples, known as the San Luis Rey Band of Mission Indians, one of the seven tribes of the Luiseo nation

Program 3

Expenses: $2,724 Revenue: $14,365

Partnerships -- Studio ACE has partnered with over 60 community members to provide arts experiences, mostly free of charge, in the community. This includes fairs, festivals and other activities.

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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 $220,468

Program Service Revenue $68,166

Investment Income $722

Other Revenue $0

TOTAL REVENUE $289,356

Expense Breakdown

Grants Paid $1,921

Salaries & Benefits $115,962

Fundraising Expenses $0

Program Expenses $132,783

Other Expenses $194,449

TOTAL EXPENSES $312,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,356	$294,081	0.0%
Expenses	$312,332	$279,998	+0.1%
Net Income	$-22,976	$14,083	-2.6%

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

N/A

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

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julia Fister	Director	40.00	Director	$50,000	$0	$50,000
Chris Clevering	President	0.00	Officer	$0	$0	$0
Virginia Fister	Secretary	0.00	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	$289,356	$312,332	$119,508	$-22,976
2022	$294,081	$279,998	$139,877	$14,083
2021	$241,665	$229,416	$133,806	$12,249
2019	$205,807	$141,978	$101,506	$63,829