ENGLEWOOD ARTS (EIN 843106613) - 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

2019

Legal Domicile

Principal Officer

Terry Snapp

Phone

8163796011

Tax Period

2024-01-01 to 2024-12-31

ENGLEWOOD ARTS, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $669K in total revenue in fiscal year 2024. Expenses of $831K exceeded revenue, resulting in a 24% operating deficit.

Mission

Englewood Arts catalyzes community building through the arts. By uniting housing initiatives with accessible art experiences-including public art, performances, classes, and outreach-we create opportunities that foster connection, inspire pride, and cultivate a vibrant, thriving neighborhood.

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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 $332,608

Program Service Revenue $54,265

Investment Income $2,784

Other Revenue $279,686

TOTAL REVENUE $669,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,835

Fundraising Expenses $5,327

Program Expenses $646,063

Other Expenses $432,448

TOTAL EXPENSES $830,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$669,343	$643,216	+0.0%
Expenses	$830,575	$662,951	+0.3%
Net Income	$-161,232	$-19,735	+7.2%

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

$155,749

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Baxley	Executive Director	45	Officer	$85,511	$0	$85,511
Teresa Dorsch	Director / Interim Executive Director	45	Officer	$70,238	$0	$70,238
Terry Snap	President	10	Officer Director	$0	$0	$0
Steve Israelite	Vice President	5	Officer Director	$0	$0	$0
Chris Bornheimer	Treasurer	2	Officer Director	$0	$0	$0
Patti Simcosky	Secretary	2	Officer Director	$0	$0	$0
Byron Constance	Board Member	2	Director	$0	$0	$0
Dr Tamara Falicov	Board Member	2	Director	$0	$0	$0
Cindy Foster	Board Member	2	Director	$0	$0	$0
Kevin Hannahs	Board Member	2	Director	$0	$0	$0
Melesa Johnson	Board Member	1	Director	$0	$0	$0
Dr Thomas Meyer	Board Member	1	Director	$0	$0	$0
Mary McNamara	Board Member	2	Director	$0	$0	$0
Carrie OConnor	Board Member	1	Director	$0	$0	$0
Tammy Parsons	Board Member	2	Director	$0	$0	$0
Allison Puff	Board Member	1	Director	$0	$0	$0
Janice Schonwetter	Board Member	2	Director	$0	$0	$0
Phyllis Stevens	Board Member	2	Director	$0	$0	$0
Steven Potter	Board Member	2	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	$669,343	$830,575	$3,352,551	$-161,232
2023	$643,216	$662,951	$3,577,725	$-19,735
2022	$1,046,656	$327,369	$3,323,854	$719,287
2021	$1,273,325	$204,761	$1,448,809	$1,068,564
2021	$1,273,325	$204,761	$1,448,809	$1,068,564

ENGLEWOOD ARTS