NORWALK, CT
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)THE NORWALK ART SPACE INC, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 177% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 52% operating margin.
THE NORWALK ART SPACE STRIVES TO INCREASE OPPORTUNITIES AND EQUITY IN THE LOCAL ARTS COMMUNITY.
ON APRIL 12, 2021, THE NORWALK ART SPACE, INC. (THE ORGANIZATION) A NONPROFIT, WAS ESTABLISHED TO ENHANCE OPPORTUNITIES AND EQUITY IN THE LOCAL ARTS COMMUNITY OF NORWALK, CONNECTICUT BY SERVING AS A...
ON APRIL 12, 2021, THE NORWALK ART SPACE, INC. (THE ORGANIZATION) A NONPROFIT, WAS ESTABLISHED TO ENHANCE OPPORTUNITIES AND EQUITY IN THE LOCAL ARTS COMMUNITY OF NORWALK, CONNECTICUT BY SERVING AS A MUSEUM AND HUB FOR THE ARTS. THEY OFFER FREE ART AND MUSIC EDUCATION AND MENTORSHIP TO UNDERSERVED LOCAL STUDENTS, PROMOTE AND SUPPORT CONNECTICUT-BASED ARTISTS WITH FREE EXHIBITIONS AND STUDIO SPACE, AND PROVIDE A PUBLIC VENUE FOR THE COMMUNITY TO EXPLORE THE ARTS. ALL PROGRAMMING IS OFFERED TO STUDENTS, ARTISTS AND THE PUBLIC FREE OF CHARGE. ON MAY 1, 2021, ART SPACE CAFE OF NORWALK LLC . (THE CAF) WAS ESTABLISHED WITH AN INITIAL CAPITAL CONTRIBUTION OF 1,000 FROM THE ORGANIZATION, ITS SOLE MEMBER. THE CAF IS LOCATED WITHIN THE PREMISES OF THE ORGANIZATION AND PROVIDES FOOD AND BEVERAGE SERVICES TO VISITORS AND STUDENTS OF THE ORGANIZATION. THE CAF IS REPORTED AS A PROGRAM WITHIN THE FINANCIAL STATEMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,499,507 | $901,132 | +1.8% |
| Expenses | $1,197,552 | $989,750 | +0.2% |
| Net Income | $1,301,955 | $-88,618 | -15.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| REBECCA PANOVKA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBIN PANOVKA | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARAH PANOVKA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,499,507 | $1,197,552 | $4,221,689 | $1,301,955 |
Compare THE NORWALK ART SPACE INC with other nonprofits in Connecticut and across the country.