ALCHEMY ART CENTER (EIN 824766421) - 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

2018

Legal Domicile

Principal Officer

MARIA MICHAELSON

Phone

3606228581

Tax Period

2023-01-01 to 2023-12-31

ALCHEMY ART CENTER, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $292K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $97K, a strong 33% operating margin.

Mission

ALCHEMY ART CENTER'S MISSION IS TO PROVIDE ARTS PROGRAMMING AND CREATIVE COMMUNITY FOR PEOPLE ON RURAL SAN JUAN ISLAND.

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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 $150,808

Program Service Revenue $99,047

Investment Income $93

Other Revenue $42,230

TOTAL REVENUE $292,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,329

Fundraising Expenses $5,839

Program Expenses $165,956

Other Expenses $109,359

TOTAL EXPENSES $195,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,178	$251,192	+0.2%
Expenses	$195,249	$164,549	+0.2%
Net Income	$96,929	$86,643	+0.1%

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

N/A

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

$51,873

Total Directors

$51,873

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA MICHAELSON	CO-DIRECTOR	19.00	Officer Director	$32,270	$0	$32,270
GLENN HENDRICK	CO-DIRECTOR	16.00	Officer Director	$19,603	$0	$19,603
STEPHANIE COFFEY	BOARD MEMBER	1.50	Director	$0	$0	$0
SHELLE CROPPER	TREASURER	2.00	Officer Director	$0	$0	$0
DANIELLE DEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE TIMBER ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
GIUSEPI SPADAFORA	SECRETARY	1.00	Officer Director	$0	$0	$0
MALCOLM SUTTLES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WHEATLEY	CHAIR	1.50	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	No data	No data	No data	No data
2023	$292,178	$195,249	$230,525	$96,929
2022	$251,192	$164,549	$133,060	$86,643

ALCHEMY ART CENTER