Center Grove Fine Arts Academy Inc DBA Creative Grounds Fine Arts Academy (EIN 830672707) - 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

Mark Landis

Phone

3174458959

Tax Period

2023-01-01 to 2023-06-30

Center Grove Fine Arts Academy Inc DBA Creative Grounds Fine Arts Academy, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $185K in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $47K, a strong 25% operating margin.

Mission

Community theatre and arts education.

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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 (2022)

Revenue Breakdown

Contributions & Grants $57,571

Program Service Revenue $118,770

Investment Income $0

Other Revenue $9,111

TOTAL REVENUE $185,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,180

Fundraising Expenses $0

Program Expenses $51,323

Other Expenses $84,186

TOTAL EXPENSES $138,366

Year-over-Year Comparison

	2022	2021	Change
Revenue	$185,452	$259,101	-0.3%
Expenses	$138,366	$258,259	-0.5%
Net Income	$47,086	$842	+54.9%

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

N/A

Volunteers

135

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

$24,600

Total Directors

$24,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Landis	Executive Dir.	45.00	Officer Director	$24,000	$0	$24,000
Erin Troxell	Secretary	5.00	Officer Director	$600	$0	$600
Amy Hyman	Vice President	5.00	Officer Director	$0	$0	$0
Kristofor Copes	Treasurer	5.00	Officer Director	$0	$0	$0
Colleen Mitchell	Member	1.00	Director	$0	$0	$0
Garod Cavanaugh	Member	1.00	Director	$0	$0	$0
Lisa Johnson	Member	1.00	Director	$0	$0	$0
Jennifer Herring	Member	1.00	Director	$0	$0	$0
Sharron Grannis	President	1.00	Director	$0	$0	$0
Margaret Hamm	Member	1.00	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	$185,452	$138,366	$86,269	$47,086
2022	$259,101	$258,259	$41,826	$842
2019	$194,098	$203,123	No data	$-9,025

Center Grove Fine Arts Academy Inc DBA Creative Grounds Fine Arts Academy