ARROW STREET ARTS INC

EIN: 842280321 501(c)(3) Public Safety

BURLINGTON, VT

Total Revenue
$6,252,690
Total Expenses
$3,715,182
Total Assets
$20,064,880
Net Assets
$11,532,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VT
Principal Officer
DAVID T ALTSHULER
Phone
6172992300
Tax Period
2023-07-01 to 2024-06-30

ARROW STREET ARTS INC, founded in 2019, is a community nonprofit in the Public Safety sector that reported $6.3M in total revenue in fiscal year 2023. Revenue surged 135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 41% operating margin.

Mission

ARROW STREET ARTS OFFERS ACCESSIBLE, MULTI-ARTS SPACES AND PRODUCTION SERVICES TO ARTISTS AND ORGANIZATIONS WHO WELCOME, ENGAGE, AND CONNECT THEIR COMMUNITIES THROUGH THE TRANSFORMATIVE POWERS OF LIVE, IN-PERSON PERFORMANCES.

Program Service Accomplishments

Program 1
Expenses: $3,416,012 Revenue: $114,430

ARROW STREET ARTS, INC. (ASA) IS IN THE START-UP PHASE. ITS CURRENT PROGRAM IS THE RENOVATION, AND REVITALIZATION OF THE PERFORMANCE VENUE AT TWO ARROW STREET IN CAMBRIDGE, WHILE EXPANDING THE ARTS...

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ARROW STREET ARTS, INC. (ASA) IS IN THE START-UP PHASE. ITS CURRENT PROGRAM IS THE RENOVATION, AND REVITALIZATION OF THE PERFORMANCE VENUE AT TWO ARROW STREET IN CAMBRIDGE, WHILE EXPANDING THE ARTS SPACE WITH THE REPURPOSING OF AN ADJACENT VACANT RETAIL SPACE. ASA'S RENOVATION WORK WILL BE COMPLETED IN 2024, WITH A SOFT OPENING ACTIVATION OF THE SPACES DURING A CONSTRUCTION PAUSE IN LATE 2023. ONCE COMPLETED, ITS PROGRAM WILL SUBSIDIZE AND PROVIDE RENTAL OF SPACE FOR PERFORMING ARTISTS, PERFORMERS, AND ARTISTIC COMPANIES TO PRESENT THEIR WORKS TO AUDIENCES.THE VENUE ENCOMPASSES THE FIRST FLOOR OF AN EXISTING FOUR-STORY, 40,000 SF MIXED-USE BUILDING THAT OPENED IN 2005. WITH RENOVATIONS UNDERWAY AND PLANNED BY CHARLES ROSE ARCHITECTS, ASA'S 11,500 SF PERFORMANCE FACILITY WILL BE REVITALIZED WITH EXTENSIVE PRODUCTION INVESTMENTS IN TWO FLEXIBLE PERFORMANCE SPACES ALONG WITH OTHER UPGRADES TO ENHANCE THE AUDIENCE AND ARTIST EXPERIENCE ALIKE. A 4,500 SF BLACK BOX THEATER WILL OFFER VARIOUS SEATING CONFIGURATIONS FOR UP TO APPROXIMATELY 300 AUDIENCE MEMBERS; AND A NEW 1,100 SF STREET-FRONT STUDIO EXPANDS THE OVERALL ARTS FOOTPRINT BY ABOUT 10 PERCENT. THE STUDIO SPACE IS EXPECTED TO ACCOMMODATE UP TO 100 PEOPLE.BOTH SPACES WILL SUPPORT REHEARSALS, PERFORMANCES, AND SPECIAL EVENTS ACROSS A RANGE OF ARTISTIC GENRES, INCLUDING THEATER, SPOKEN WORD/READINGS, DANCE, MUSIC, AND FILM.HIGHLIGHTS OF RENOVATIONS INCLUDE:PERFORMANCE/REHEARSAL SPACES: FLEXIBILITY TO ACCOMMODATE MULTIPLE STAGING CONFIGURATIONS FOR USE IN A VARIETY OF CAPACITIES FOR THEATER, DANCE, MUSIC AND MORE; SPRUNG FLOORS FOR DANCE; COMPREHENSIVE, UPDATED LIGHTING, SOUND, PROJECTION, AND VIDEO PRODUCTION CAPACITIES.AUDIENCE EXPERIENCE ENHANCEMENTS: IMPROVED AUDIENCE SEATING WITH OPTIONS TO "RIGHT-SIZE" AUDIENCE SEATING SIZE; UPDATED RESTROOM DESIGNS WITH PRIVATE, ALL-GENDER WATER CLOSETS; CENTRALIZED TICKETING SERVICES; EXPANDED FOOD & BEVERAGE SERVICE.BACKSTAGE/PRODUCTION SUPPORT: ENHANCED DRESSING ROOM CAPACITIES WITH ADDITIONAL OVERFLOW CAPACITIES WHEN NEEDED; ARTISTS' GREEN ROOMS; DEDICATED WARDROBE/COSTUME CENTER WITH LAUNDRY.SINCE THE PROJECT WAS ANNOUNCED PUBLICLY IN JANUARY 2023, ASA HAS ENGAGED WITH OVER 100 ARTISTS AND PRODUCING ORGANIZATIONS ABOUT THE POTENTIAL USE OF THE VENUE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,114,452
Program Service Revenue $114,430
Investment Income $9,765
Other Revenue $14,043
TOTAL REVENUE $6,252,690

Expense Breakdown

Grants Paid $0
Salaries & Benefits $274,952
Fundraising Expenses $35,078
Program Expenses $3,416,012
Other Expenses $3,440,230
TOTAL EXPENSES $3,715,182

Year-over-Year Comparison

2023 2022 Change
Revenue $6,252,690 $2,657,013 +1.4%
Expenses $3,715,182 $467,591 +6.9%
Net Income $2,537,508 $2,189,422 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
8
Volunteers
4

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
3
$30,000
Total Directors
3
$45,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES SWIFT TREASURER 2.00
Officer Director
$15,000 $0 $15,000
CHRISTOPHER DAVIS SECRETARY 2.00
Officer Director
$15,000 $0 $15,000
RENDOL BARLOW DIRECTOR 2.00
Director
$15,000 $0 $15,000
DAVID T ALTSHULER PRESIDENT 10.00
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 No data No data No data No data
2024 $6,252,690 $3,715,182 $20,064,880 $2,537,508
2023 $2,657,013 $467,591 $13,177,259 $2,189,422
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