4 ELEMENTS STUDIO INC

EIN: 834550059 501(c)(3) Arts, Culture & Humanities

UTICA, NY

Total Revenue
$483,049
Total Expenses
$382,949
Total Assets
$584,370
Net Assets
$208,882
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
DANA KELSEY
Phone
3157656923
Tax Period
2024-01-01 to 2024-12-31

4 ELEMENTS STUDIO INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $483K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 21% operating margin.

Mission

4 ELEMENTS STUDIO IS A COMMUNITY ARTS CENTER DEDICATED TO ENGAGING AND EDUCATING THE COMMUNITY THROUGH A RANGE OF ARTISTIC EXPERIENCES AND PROGRAMMING. WE STRIVE TO PROVIDE OPPORTUNITIES AND RESOURCES TO ARTISTS, THE COMMUNITY, AND INDIVIDUALS WITH A WIDE SPECTRUM OF DISABILITIES BY OFFERING WORKSHOPS, GALLERY SPACE, EXHIBITIONS, WORK SPACE, AND EQUIPMENT TO THE PUBLIC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $214,880
Program Service Revenue $270,345
Investment Income $-14,865
Other Revenue $12,689
TOTAL REVENUE $483,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $274,630
Fundraising Expenses $17,799
Program Expenses $283,017
Other Expenses $107,730
TOTAL EXPENSES $382,949

Year-over-Year Comparison

2024 2023 Change
Revenue $483,049 $339,975 +0.4%
Expenses $382,949 $365,514 +0.0%
Net Income $100,100 $-25,539 -4.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
8
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
1
$62,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER BLANCHFIELD PRESIDENT 0.00
Director
$0 $0 $0
MARIA MCNIEL TREASURER 0.00
Director
$0 $0 $0
AUDREY HASEN TAYLOR SECRETARY 0.00
Director
$0 $0 $0
DANA KELSEY EXECUTIVE DIRECTOR 38.50
Officer
$62,000 $0 $62,000
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 $483,049 $382,949 $584,370 $100,100
2023 $339,975 $365,514 $118,985 $-25,539
2022 $365,533 $343,220 $128,045 $22,313
2021 $335,206 $239,377 $117,995 $95,829
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