GRASS ROOTS CULTURAL AND PERFORMING ARTS CENTER INC (EIN 820833380) - 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

2017

Legal Domicile

Principal Officer

WILLIAM HURLEY

Phone

6038520867

Tax Period

2024-01-01 to 2024-12-31

GRASS ROOTS CULTURAL AND PERFORMING ARTS CENTER INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $426K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

LIVE MUSIC PERFORMANCES SHOWCASING ORIGINAL MUSIC IN LESS COMMERCIAL BUT CULTURALLY IMPORTANT GENRES. SHOWS ARE STREAMED LIVE, RECORDED AND EDITED TO BE ARCHIVED IN OUR LIBRARY FOR PRESERVATION PURPOSES. LIVE AUDIENCE IS BETWEEN 50 AND 80 PEOPLE. BANDS HAVE ACCESS TO THE RECORDINGS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $45,996

Program Service Revenue $379,655

Investment Income $11

Other Revenue $0

TOTAL REVENUE $425,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,869

Fundraising Expenses $249

Program Expenses $383,958

Other Expenses $300,363

TOTAL EXPENSES $417,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$425,662	$315,357	+0.3%
Expenses	$417,232	$308,811	+0.4%
Net Income	$8,430	$6,546	+0.3%

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

$54,000

Total Directors

$72,790

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HURLEY	EXECUTIVE DI	50.00	Officer Director	$54,000	$0	$54,000
ERIC NORDSTROM	DIRECTOR	10.00	Director	$12,300	$0	$12,300
CHERYL GAETANI	DIRECTOR	10.00	Director	$6,490	$0	$6,490
MARIBETH ARENA	PRESIDENT, C	20.00	Officer Director	$0	$0	$0
PAULA G BARTA	TREASURER AS	15.00	Officer Director	$0	$0	$0
STEPHEN DILL	DIRECTOR	5.00	Director	$0	$0	$0
JOHN ERICKSON	DIRECTOR	5.00	Director	$0	$0	$0
ABIGAIL MARSTERS	DIRECTOR	5.00	Director	$0	$0	$0
LEO WATERS	VICE PRESIDE	10.00	Officer 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	$425,662	$417,232	$381,058	$8,430
2023	$315,357	$308,811	$427,067	$6,546
2022	$195,109	$205,970	$107,720	$-10,861
2021	$203,474	$102,739	$115,981	$100,735

GRASS ROOTS CULTURAL AND PERFORMING ARTS CENTER INC