CORNER ART ROOM CORP

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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

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 A RTS MUSIC AND LANGUAGE ARTS, TO A COMMUNITY OF LEARNERS AND MAKERS OF ALL AGES.

Program Service Accomplishments

Program 1

PROVIDE AFFORDABLE SPACE, MATERIALS, EDUCATION AND SUPPORT FOR ART, CRAFTS, AND RELATED PROJECTS.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SILVIA BEIER	PRESIDENT	Officer	$0	$0	$0
JEREMY SOLOMONS	TREASURER	Officer	$0	$0	$0
COELYNN MCININCH	CLERK	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