CORNER ART ROOM CORP

EIN: 844180201 501(c)(3) Arts, Culture & Humanities

BRIGHTON, MA

Total Revenue
$21,005
Total Expenses
$22,412
Total Assets
$4,048
Net Assets
$4,048
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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
2020
Legal Domicile
MA
Principal Officer
SILVIA BEIER
Phone
6177820001
Tax Period
2021-01-01 to 2021-12-31

CORNER ART ROOM CORP, founded in 2020, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $21K in total revenue in fiscal year 2021. Revenue decreased 13% compared to the prior year.

Mission

TO PROVIDE AFFORDABLE SPACE, MATERIALS, EDUCATION AND SUPPORT FOR ART, CRAFTS, AND RELATED PROJECTS, INCLUDING BUT NOT LIMITED TO THE VISUAL ARTS, FIBER ARTS MUSIC AND LANGUAGE ARTS, TO A COMMUNITY OF LEARNERS AND MAKERS OF ALL AGES.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $15,953
Program Service Revenue $5,052
Investment Income $0
Other Revenue $0
TOTAL REVENUE $21,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $22,412
TOTAL EXPENSES $22,412

Year-over-Year Comparison

2021 2020 Change
Revenue $21,005 $24,096 -0.1%
Expenses $22,412 $23,003 0.0%
Net Income $-1,407 $1,093 -2.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
2

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SILVIA BEIER PRESIDENT 0.00
Officer
$0 $0 $0
JEREMY SOLOMONS TREASURER 0.00
Officer
$0 $0 $0
COELYNN MCININCH CLERK 0.00
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
2024 No data No data No data No data
2021 $21,005 $22,412 $4,048 $-1,407
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