Phoenix, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Central Arts Alliance, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 11% operating deficit.
Phoenix Center for the Arts provides arts and culture opportunities for all through education, programming and advocacy.
Central Arts Alliance (CAA) provided accessible, high-quality arts education and cultural programming at two campuses (Phoenix Center for the Arts in downtown Phoenix and Thunderbird Arts Center in...
Central Arts Alliance (CAA) provided accessible, high-quality arts education and cultural programming at two campuses (Phoenix Center for the Arts in downtown Phoenix and Thunderbird Arts Center in north Phoenix). Across both sites, CAA offered 230+ classes annually in ceramics, painting, glass arts, drawing, photography, jewelry and metals, piano, guitar, dance, and youth arts. More than 3,500 students participated in these programs each year, representing diverse communities across Metro Phoenix. Participation grew, supported by targeted outreach such as CAAs BIPOC Arts Program, which expanded access for historically underrepresented artists and learners. CAA also operated a downtown community theater that hosted 150+ events annually, including dance, theater, music, film, and lecture programming. By providing low-cost, high-quality production space and partnering with 50+ nonprofit organizations, CAA reduced financial barriers to arts engagement and strengthened cultural equity in Phoenix. Mission-aligned events regularly received donated theater space and production support, increasing accessibility for community groups and emerging artists. Facilities & Capital Improvements (FY25): During FY25, CAA completed a major revitalization of the Third St Theater, funded through $1.194 million from the City of Phoenix General Obligation (GO) Bond Program. Improvements included a new LED house lighting plot, an updated professional sound system, a modern projection system, new stage curtains and drapery, new audience seating, a professional broadcast camera system, and a fully modernized technical booth. The Greenroom was fully renovated, and a new ADA lift was installed to ensure accessible stage entry for performers and guests. A new digital outdoor marquee was added on the high?visibility downtown corridor to increase exposure for community arts programming. More than 15 vendors and contractors contributed to this project. CAA also launched the Black Box at Third St Theater, transforming a previously unused storage space into an intimate, flexible venue with seating for approximately 75 guests, equipped with a full lighting plot and QSC sound system. The Black Box expanded opportunities for small theater companies, workshops, podcasts, comedy, and emerging performing artists. Expansion of Resident Organizations (FY25): Phoenix Center for the Arts expanded its resident nonprofit community with the following additions: Reflection Church, which held weekly Sunday services in the Theater and Black Box. School of Hip Hop (SOHH), which offered youth programs in music, dance, DJ skills, and creative arts. New Empire Entertainment, a Black?owned media production and photography collective. Grey Box Collective, which produced interdisciplinary, experimental work exploring social issues affecting college?age communities. These organizations strengthened the campus as a diverse, collaborative hub for creative expression and community engagement. Volunteer & Patron Services Impact: CAA engaged 35 volunteers during FY25. Volunteers supported special events, assisted Facilities with setup and logistics, and helped secure studios and classrooms for instructors and students. Patron Services increased on?site visibility, strengthened customer service support, and improved guest experience across both campuses.
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 | $1,266,517 | $1,325,507 | 0.0% |
| Expenses | $1,399,515 | $1,430,627 | 0.0% |
| Net Income | $-132,998 | $-105,120 | +0.3% |
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 |
|---|---|---|---|---|---|---|
| Angelique Kane | Executive Director | 40.00 |
|
$18,615 | $0 | $18,615 |
| La Nise Hagan | Chairman | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| James Cool | Chairman | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jeff Nickoloff | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Fields | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kaveri Gupta | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,266,517 | $1,399,515 | $242,892 | $-132,998 |
| 2024 | No data | No data | No data | No data |
| 2023 | $850,658 | $1,217,624 | $326,345 | $-366,966 |
| 2022 | $1,441,364 | $1,059,435 | $655,024 | $381,929 |
| 2021 | $1,823,181 | $1,830,689 | $449,218 | $-7,508 |
| 2020 | $946,859 | $1,109,264 | $259,441 | $-162,405 |
| 2019 | $1,253,762 | $1,425,300 | $359,754 | $-171,538 |
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