Oakwood Arts Inc

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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

Shannon Castleman

Phone

8043329648

Tax Period

2023-09-01 to 2024-08-31

Oakwood Arts Inc, founded in 2017, is a small nonprofit in the Employment sector that reported $343K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

We make art and careers in creative industries accessible to all through community engagement, inspiring programming, and experiential education. Our programs focus on the digital and technical skills students need to succeed in the creative workforce.

Program Service Accomplishments

Program 1

Expenses: $215,176 Revenue: $29,064

CREATIVE WORKFORCE INNOVATION/ OA JET (JOB EDUCATION TRAINING): OA JET IS A TRAINING & JOB PLACEMENT PROGRAM FOR EMERGING CREATIVES WHO ARE CURRENTLY UNDERREPRESENTED IN MANY CREATIVE INDUSTRIES. THE PROGRAM IS DESIGNED TO CREATE ACCESS TO POSITIONS IN FILM & TELEVISION, FOR THOSE WHO HAVE AN INTEREST IN-BUT NOT THE OPPORTUNITY-TO WORK IN THE FILM INDUSTRY. OUR OA JET COHORTS HAVE THE OPPORTUNITY TO WORK ON A SHORT FILM PRODUCTION ONCE TRAINED WE PLACE OUR PROGRAM PARTICIPANTS TO WORK ON SETS OF PRODUCTIONS PRODUCED BY MAJOR FILM & TELEVISION STUDIOS (AMC, APPLE TV+, HULU, NETFLIX, AND SHOWTIME). WE HAVE A PARTNERSHIP WITH LOCAL 487 OF THE INTERNATIONAL ALLIANCE OF THEATRICAL STAGE EMPLOYEES (IATSE) UNION, RECOGNIZING OA JET AS THE ONLY OFFICIAL (PRE) TRAINING PROGRAM IN VIRGINIA FOR UNION FILM & TELEVISION PRODUCTION.

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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 $312,756

Program Service Revenue $29,064

Investment Income $2

Other Revenue $983

TOTAL REVENUE $342,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,053

Fundraising Expenses $57,980

Program Expenses $215,176

Other Expenses $191,414

TOTAL EXPENSES $334,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$342,805	$399,027	-0.1%
Expenses	$334,467	$380,355	-0.1%
Net Income	$8,338	$18,672	-0.6%

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

Employees

Volunteers

100

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

$54,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alanna Airitam	Director	2.00	Director	$0	$0	$0
Katherine Leatherwood Brakman	Director	2.00	Director	$0	$0	$0
Delegate Rae Cousins	Director	2.00	Director	$0	$0	$0
Gwen Fitzgerald	Director	2.00	Director	$0	$0	$0
Jason W Flora	President	4.00	Officer Director	$0	$0	$0
Mike Harrell	Director	2.00	Director	$0	$0	$0
Robin Hill	Secretary	4.00	Officer Director	$0	$0	$0
Lindsay Crumpton	Director	2.00	Director	$0	$0	$0
Kristen Haff	Director	2.00	Director	$0	$0	$0
Sly Tucker	Vice President	4.00	Officer Director	$0	$0	$0
Tia Delano	Treasurer	5.00	Officer Director	$0	$0	$0
Shannon Castleman	Executive Director	40.00	Officer	$54,550	$0	$54,550

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	$342,805	$334,467	$555,703	$8,338
2023	$399,027	$380,355	$573,902	$18,672
2021	$234,907	$230,179	$528,952	$4,728
2021	$234,907	$230,179	$528,952	$4,728
2020	$316,025	$209,584	$528,073	$106,441
2019	$263,267	$207,529	$353,063	$55,738
2018	$108,858	$64,509	$44,413	$44,349