West Palm Beach, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Wave Artist Residency Inc, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $92K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $303K exceeded revenue, resulting in a 230% operating deficit.
To engage and inspire the West Palm Beach communityand the worldthrough public programs and artist residencies that support and elevate underrepresented artists at the local, national, and international levels.
In the past year, New Wave Artist Residency proudly hosted 3 artists, providing each with a comprehensive support package that included a private studio, housing, a stipend, travel expenses, and, in...
In the past year, New Wave Artist Residency proudly hosted 3 artists, providing each with a comprehensive support package that included a private studio, housing, a stipend, travel expenses, and, in select cases, art supplies. In addition to logistical support, the residency offered professional mentorship and fostered community engagement through open studio events and other public programming.The Organization also facilitated enriching discourse by hosting curators, artists, and writers for panel discussions during our signature event, New Wave Art Weekend, held annually in December. This weekend serves as New Wave's largest fundraising event and includes a gala dinner for 120 guests. The Organization covered travel and lodging for all invited participants, offered speaker honoraria, and managed all associated event costs, including staffing, administrative support, and public relations services.
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 | $91,927 | $269,185 | -0.7% |
| Expenses | $303,248 | $267,021 | +0.1% |
| Net Income | $-211,321 | $2,164 | -98.7% |
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 |
|---|---|---|---|---|---|---|
| Sarah Gavlak | Chair | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Barry Blumberg | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Beth Rudin DeWoody | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Rena Blades | Secretary | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gopal Rajepowda | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $91,927 | $303,248 | $170,628 | $-211,321 |
| 2023 | $269,185 | $267,021 | $370,026 | $2,164 |
| 2022 | $269,830 | $195,298 | $398,333 | $74,532 |
| 2021 | $338,355 | $61,426 | $307,326 | $276,929 |
Compare New Wave Artist Residency Inc with other nonprofits in Florida and across the country.