CORE ART SPACE (EIN 840889737) - 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

1997

Legal Domicile

Principal Officer

Gina Smith Caswell

Phone

3032978428

Tax Period

2024-09-01 to 2025-08-31

CORE ART SPACE, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $41K in total revenue in fiscal year 2024.

Mission

To provide a venue for local artists to display their artwork to the community The gallery has member and open entry shows

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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 $17,155

Program Service Revenue $17,395

Investment Income $58

Other Revenue $6,838

TOTAL REVENUE $41,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,158

Other Expenses $43,158

TOTAL EXPENSES $43,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,446	$41,094	+0.0%
Expenses	$43,158	$40,585	+0.1%
Net Income	$-1,712	$509	-4.4%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA VEATCH	Annex rental director	2.00	Director	$0	$0	$0
CHUCK MCCOY	Memberpublicity	4.00	Director	$0	$0	$0
KATHY MITCHELL-GARTON	Secretary	4.00	Officer Director	$0	$0	$0
FRED BECKER	Member	4.00	Director	$0	$0	$0
CAMIE RIGIROZZI	memberwebsite	4.00	Director	$0	$0	$0
REED WEIMER	membermaintenance	3.00	Director	$0	$0	$0
ELIZABETH DUDLEY	Member	2.00	Director	$0	$0	$0
ERIC DAVIDSON	Codirector	3.00	Director	$0	$0	$0
PHYLLIS ANDERSON	Membercafe	4.00	Director	$0	$0	$0
CLAY CALLAHAN	memberemail	4.00	Director	$0	$0	$0
MARY CAY	Membernew members	3.00	Director	$0	$0	$0
SEBNUM DUZGUN	member	3.00	Director	$0	$0	$0
CLAIRE STUFFLEBAUM	member	3.00	Director	$0	$0	$0
MARLA SULLIVAN	member	3.00	Director	$0	$0	$0
LISA KORTE	Member	4.00	Director	$0	$0	$0
GINA CASWELL	Treasurer	4.00	Officer	$0	$0	$0
MAGGIE STEWART	Membercodirector	6.00	Officer	$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
2025	$41,446	$43,158	$27,463	$-1,712
2024	$41,094	$40,585	$29,180	$509
2023	$51,301	$41,289	$28,461	$10,012
2022	$29,956	$36,857	$18,510	$-6,901
2021	$43,286	$34,609	$25,808	$8,677

CORE ART SPACE