STOVE WORKS

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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

FRITSL BUTLER PADGETT

Phone

6154408164

Tax Period

2024-01-01 to 2024-12-31

STOVE WORKS, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $316K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

PROVIDING LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS A VENUE FOR THE PRODUCTION OF, THE EXHIBITION OF, AND EDUCATION THROUGH CONTEMPORARY WORKS OF ART.

Program Service Accomplishments

Program 1

Expenses: $135,208

PROVIDING SPACE AND SUPPORTING SERVICES FOR EXHIBITION OF CONTEMPORARY ART: EXHIBITION INSIDE DEDICATED 7,000 SQ FT FACILITY LOCATED IN CHATTANOOGA ALONG WITH ARTIST/COMMUNITY OUTREACH.

Program 2

Expenses: $83,520

PROVIDING SPACE AND SUPPORTING SERVICES FOR EDUCATIONAL ACTIVITIES THAT DEEPEN CONSTITUENTS' RELATIONSHIP TO AND UNDERSTANDING OF CONTEMPORARY ART, INCLUDING COMMUNITY WORKSHOPS AND FORUMS.

Program 3

Expenses: $48,021 Revenue: $6,970

PROVIDING SPACE AND SUPPORTING SERVICES FOR RESIDENCY OF CONTEMPORARY ARTISTS: ARTISTS INVITED TO LIVE ON-SITE FOR 1 - 3 MONTHS WITH DEDICATED 9,000 SQ FT FACILITY. ARTISTS GIVEN ACCESS TO WORKSHOPS, PRIVATE STUDIOS, AND COMMUNAL SPACE WITH OPPORTUNITIES TO GENERATE NEW WORK AND EXHIBIT.

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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 $292,506

Program Service Revenue $6,970

Investment Income $1,358

Other Revenue $14,733

TOTAL REVENUE $315,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,189

Fundraising Expenses $17,500

Program Expenses $266,749

Other Expenses $191,568

TOTAL EXPENSES $336,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,567	$268,772	+0.2%
Expenses	$336,757	$251,064	+0.3%
Net Income	$-21,190	$17,708	-2.2%

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

$50,000

Total Directors

$1,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRITSL BUTLER PADGETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATE TAYLOR BOHEM	SECRETARY	2.00	Officer Director	$0	$0	$0
LEANDRA LESEUR	BOARD DIRECTOR	2.00	Director	$1,000	$0	$1,000
MELANIE SILVA	BOARD DIRECTOR	2.00	Director	$0	$0	$0
CHARITA ALLEN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
ANGIE TO	BOARD DIRECTOR	2.00	Director	$0	$0	$0
CHANDRA WARD	BOARD DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER KNOWLES	BOARD DIRECTOR	2.00	Director	$0	$0	$0
CHARLOTTE CALDWELL	EXECUTIVE DIRECTOR	40.00	Officer	$50,000	$0	$50,000

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
2025	No data	No data	No data	No data
2024	$315,567	$336,757	$233,697	$-21,190
2023	$268,772	$251,064	$262,444	$17,708
2022	$242,019	$229,550	$236,711	$12,469
2021	$258,447	$163,972	$222,814	$94,475