PUBLIC WORKS ARTS CENTER (EIN 832051277) - 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

2019

Legal Domicile

Principal Officer

JANA RILEY

Phone

8439003225

Tax Period

2024-01-01 to 2024-12-31

PUBLIC WORKS ARTS CENTER, founded in 2019, is a small nonprofit in the Employment sector that reported $478K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $567K exceeded revenue, resulting in a 19% operating deficit.

Mission

CREATING AND FOSTERING AN ARTS COMMUNITY FOR ALL. WITH EVER-CHANGING GALLERIES FEATURING LOCAL AND REGIONAL ARTISTS, CLASSES FOR ALL AGES, CAMPS, ARTIST STUDIO SPACES, AND OUTREACH, AND ALWAYS FREE ADMISSION PWAC IS THE CULTURAL HUB OF THE LOWCOUNTRY.

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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 $173,219

Program Service Revenue $249,298

Investment Income $0

Other Revenue $55,108

TOTAL REVENUE $477,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,298

Fundraising Expenses $47,990

Program Expenses $397,218

Other Expenses $400,344

TOTAL EXPENSES $566,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,625	$763,541	-0.4%
Expenses	$566,642	$520,854	+0.1%
Net Income	$-89,017	$242,687	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN BUSHMAN	DIRECTOR	N/A	Director	$0	$0	$0
GRETCHEN CUDDY	DIRECTOR	N/A	Director	$0	$0	$0
AVERY GREENLEE	DIRECTOR	N/A	Director	$0	$0	$0
AMANDA LEVINER	PRESIDENT	N/A	Officer Director	$0	$0	$0
KEVIN MORRISSEY	DIRECTOR	N/A	Director	$0	$0	$0
COLIN MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN PROTHEROE	VP	N/A	Officer Director	$0	$0	$0
JANA RILEY	DIRECTOR	N/A	Officer Director	$0	$0	$0
WIL RILEY	TREASURER	N/A	Officer Director	$0	$0	$0
BRIDGETTE STAROPOLI	SECRETARY	N/A	Officer Director	$0	$0	$0
BRAD WARD	DIRECTOR	N/A	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	$477,625	$566,642	$1,519,493	$-89,017
2023	$763,541	$520,854	$1,652,367	$242,687
2022	$49,571	$115,640	$1,401,502	$-66,069
2021	$273,400	$321,019	$1,512,526	$-47,619
2020	$358,387	$153,270	$1,360,305	$205,117

PUBLIC WORKS ARTS CENTER