OPEN STUDIOS INC (EIN 841305449) - 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

1995

Legal Domicile

Principal Officer

Mary Horrocks

Phone

3034441862

Tax Period

2024-01-01 to 2024-12-31

OPEN STUDIOS INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $321K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

Advancing the visual arts and promoting the role of artists in the Boulder CO community See Part III for more details

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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 $69,650

Program Service Revenue $232,385

Investment Income $0

Other Revenue $18,855

TOTAL REVENUE $320,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,008

Fundraising Expenses $26,154

Program Expenses $259,152

Other Expenses $238,498

TOTAL EXPENSES $339,506

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,890	$238,827	+0.3%
Expenses	$339,506	$249,376	+0.4%
Net Income	$-18,616	$-10,549	+0.8%

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

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

$55,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY HORROCKS	Executive Director	40.00	Officer	$55,000	$0	$55,000
ANGELA ROSE	Board Member	1.00	Director	$0	$0	$0
ASHLEY HARWI	Board Member	1.00	Director	$0	$0	$0
KAREN OKADA	Board Member	7.75	Director	$0	$0	$0
HOWARD BERNSTEIN	SecretaryActing Chair	1.00	Officer Director	$0	$0	$0
NICOLE ETTENHOFER	Board Member	1.00	Director	$0	$0	$0
PEN VOLKMANN	Board Member	0.50	Director	$0	$0	$0
GRADY FORSYTH	BOD Mbruntil May 2024	2.00	Director	$0	$0	$0
CINDY BRITAIN	BOD Mbruntil July2024	0.25	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	$320,890	$339,506	$8,917	$-18,616
2023	$238,827	$249,376	$31,630	$-10,549
2022	$305,181	$381,837	$25,405	$-76,656
2021	$370,063	$286,505	$117,232	$83,558
2020	$150,754	$123,791	$63,344	$26,963
2019	$288,370	$343,186	$26,533	$-54,816
2018	$327,978	$287,193	$67,934	$40,785

OPEN STUDIOS INC