THE ARTS MARKETPLACE AT STUDIO PARK

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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

CARA BREWER

Phone

6168852326

Tax Period

2023-01-01 to 2023-12-31

THE ARTS MARKETPLACE AT STUDIO PARK, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $174K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $374K exceeded revenue, resulting in a 114% operating deficit.

Mission

REMOVE BARRIERS FOR WOMEN AND MINORITIES TO SELL THEIR GOODS IN DOWNTOWN GRAND RAPIDS.

Program Service Accomplishments

Program 1

Expenses: $336,237 Revenue: $72,255

THE ARTS MARKETPLACE PROVIDES PREMIUM DOWNTOWN RETAIL SPACE TO OVER 50 WOMAN AND MINORITY OWNED START UPS (GROWING TO 100+).REMOVE START UP BARRIERS; ALLOWING FOR SCALE AND LONG-TERM SUCCESS...

THE ARTS MARKETPLACE PROVIDES PREMIUM DOWNTOWN RETAIL SPACE TO OVER 50 WOMAN AND MINORITY OWNED START UPS (GROWING TO 100+).REMOVE START UP BARRIERS; ALLOWING FOR SCALE AND LONG-TERM SUCCESS, INCLUDING:A FULLY STAFFED, GORGEOUS RETAIL SPACEEVENT AND MARKETING SUPPORTWORKSHOPS AND COLLABORATION OPPORTUNITIESLOW RENT WITH SPACE FOR TESTING AND SCALABILITY BUILD COMMUNITY AMONG OUR MAKERS THROUGH EVENT ACTIVATIONS, WORKSHOPS AND MORE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $107,147

Program Service Revenue $72,255

Investment Income $0

Other Revenue $-5,191

TOTAL REVENUE $174,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,040

Fundraising Expenses $0

Program Expenses $336,237

Other Expenses $249,556

TOTAL EXPENSES $373,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,211	$439,955	-0.6%
Expenses	$373,596	$375,565	0.0%
Net Income	$-199,385	$64,390	-4.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRASHAWN MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
PAOLA MENDOZA	TRUSTEE	1.00	Director	$0	$0	$0
MEL TROMBLEY	TRUSTEE	1.00	Director	$0	$0	$0
ARICK DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
JENNA CASTELLUCCIO	TRUSTEE	1.00	Director	$0	$0	$0
CARA BREWER	SECRETARY & TREASURER	5.00	Officer Director	$0	$0	$0
JAMIE DIONNE	PRESIDENT	5.00	Officer 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	No data	No data	No data	No data
2023	$174,211	$373,596	$98,569	$-199,385
2022	$439,955	$375,565	$284,620	$64,390