THE CENTER FOR ARTS & INNOVATION INC (EIN 832727388) - 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

ANDREA VIRGIN

Phone

5618592117

Tax Period

2023-01-01 to 2023-12-31

THE CENTER FOR ARTS & INNOVATION INC, founded in 2018, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.4M, a strong 81% operating margin.

Mission

TO BUILD AND OPERATE AN INNOVATIVE, VITAL, AND FLEXIBLE CULTURAL CAMPUS THAT TRANSCENDS FUNCTION TO ENABLE CREATIVITY WITH NO BOUNDARIES.

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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 $6,140,575

Program Service Revenue $0

Investment Income $459,628

Other Revenue $2,043

TOTAL REVENUE $6,602,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $406,798

Fundraising Expenses $274,077

Program Expenses $304,759

Other Expenses $838,627

TOTAL EXPENSES $1,245,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,602,246	$6,045,767	+0.1%
Expenses	$1,245,425	$1,040,395	+0.2%
Net Income	$5,356,821	$5,005,372	+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

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

$225,000

Total Directors

$225,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA VIRGIN	CEO & BOARD CHAIR	50.00	Officer Director	$225,000	$0	$225,000
PATRICIA KILGALLON	TREASURER	15.00	Officer Director	$0	$0	$0
MATTHEW CIMAGLIA	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH DUDLEY	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN GIACONA	TREASURER	15.00	Officer Director	$0	$0	$0
DAN GUIN	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT FRIEZO	DIRECTOR	5.00	Director	$0	$0	$0
PEG ANDERSON	DIRECTOR	15.00	Director	$0	$0	$0
ROGER STEIN	DIRECTOR	5.00	Director	$0	$0	$0
ERICA KASEL	DIRECTOR	5.00	Director	$0	$0	$0
MIKE KAUFMAN	DIRECTOR	5.00	Director	$0	$0	$0
CAMILO MIGUEL	DIRECTOR	5.00	Director	$0	$0	$0
IAN WEINER	DIRECTOR	5.00	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	$6,602,246	$1,245,425	$16,091,270	$5,356,821
2022	$6,045,767	$1,040,395	$6,419,239	$5,005,372
2021	$1,859,773	$517,861	$6,531,467	$1,341,912
2020	$393,174	$440,407	$183,396	$-47,233

THE CENTER FOR ARTS & INNOVATION INC