Independence, MO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
To assist the community through development of residential and commercial incentives, public art, art events, art programs, philanthropy and community outreach solutions, which result in a thriving community with engagement and pride.
In 2024, Englewood Arts fostered meaningful community engagement within an underserved community and designated Opportunity Zone, with 1,251 people participating in our programs. Highlights included...
In 2024, Englewood Arts fostered meaningful community engagement within an underserved community and designated Opportunity Zone, with 1,251 people participating in our programs. Highlights included 997 attending live music performances, 157 taking part in Glassblowing Make-Your-Owns, and 118 youth enrollments in our Summer Arts Camp. We expanded internships and volunteer involvement, with 25+ high-impact volunteers and more than 75 individuals participating in group volunteer activities. We served the regional community through affordable classes and performing arts events. Over 125 individuals engaged in artistic endeavors, including 41 music groups or solo performers, 8 resident artists activating our building, and 70+ artists in business and visual arts workshops. Our facility has also become a creative home where artists can grow, collaborate, and build their practice. Our commitment to community also extends to housing. In 2024, we helped new homeowners move to Western Independence by connecting them to affordable mortgage and loan opportunities previously unavailable in the area. These were made possible through partnerships with more than ten local lending institutions, which created specialized mortgage programs-many qualifying as CRA loans within our Opportunity Zone. In partnership with the City of Independence, we developed and secured approval of the West Central Independence Overlay District- designed to foster safe, walkable, and sustainable mixed-income neighborhoods with a variety of housing types that encourage interaction and community pride.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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