CREATIVE ARKANSAS COMMUNITY HUB & … - Form 990 Financial Data

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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

2021

Legal Domicile

Principal Officer

KELSEY HOWARD

Phone

4792592456

Tax Period

2023-01-01 to 2023-12-31

CREATIVE ARKANSAS COMMUNITY HUB & EXCHANGE INC, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

CACHE WORKS WITH CREATIVES, ORGANIZATIONS, AND COMMUNITIES TO EMPOWER A MORE INSPIRING, INCLUSIVE, AND EQUITABLE NORTHWEST ARKANSAS.

Program Service Accomplishments

Program 1

Expenses: $85,221 Revenue: $0

LAUNCH OF THE ARTISTS CREATIVE FUND (ACF): A PROGRAM DESIGNED AND FACILITATED BY CACHE, SUPPORTED BY THE GEORGE KAISER FAMILY FOUNDATION (GKFF) TO PROVIDE FUNDING, VISIBILITY, AND PROFESSIONAL...

LAUNCH OF THE ARTISTS CREATIVE FUND (ACF): A PROGRAM DESIGNED AND FACILITATED BY CACHE, SUPPORTED BY THE GEORGE KAISER FAMILY FOUNDATION (GKFF) TO PROVIDE FUNDING, VISIBILITY, AND PROFESSIONAL DEVELOPMENT TO ARTISTS AND CREATIVES LIVING IN TULSA, OKLAHOMA. THROUGH THIS FUND, 20 PROJECT-SPECIFIC AWARDS OF $10,000 EACH ARE INVESTED IN A DIVERSE GROUP OF ARTISTS TO TEST IDEAS, EXPLORE COLLABORATIONS, AND BUILD SKILLS IN THE PROCESS OF GENERATING INNOVATIVE CREATIVE WORK.

Program 2

Expenses: $147,690 Revenue: $26,440

MUNICIPAL ARTS ALLIANCE (MAA): 2ND YEAR OF A 2 YEAR INITIATIVE CONVENING FIVE MUNICIPAL GOVERNMENTS ACROSS NORTHWEST ARKANSAS (SPRINGDALE, ROGERS, BENTONVILLE, FAYETTEVILLE, SILOAM SPRINGS) IN AN...

MUNICIPAL ARTS ALLIANCE (MAA): 2ND YEAR OF A 2 YEAR INITIATIVE CONVENING FIVE MUNICIPAL GOVERNMENTS ACROSS NORTHWEST ARKANSAS (SPRINGDALE, ROGERS, BENTONVILLE, FAYETTEVILLE, SILOAM SPRINGS) IN AN ONGOING DIALOGUE GROUNDED IN CULTURAL BELONGING. THE MUNICIPAL ARTS ALLIANCE IS AN INITIATIVE OF CACHE, WITH SUPPORT FROM THE WALMART FOUNDATION, WALTON FAMILY FOUNDATION, AND PARTICIPATING MUNICIPALITIES.

Program 3

Expenses: $806,310 Revenue: $58,869

THE MEDIUM: THE MEDIUM IS CACHE'S 25,000 SQ FT RADICALLY INCLUSIVE SPACE FOR CREATIVE EXPRESSION. THE MEDIUM OFFERS AFFORDABLE AND EQUITABLE ACCESS TO STUDIO, PERFORMANCE, REHEARSAL, EXHIBITION, AND MEETING SPACE FOR ARTISTS OF ALL BACKGROUNDS. CXF, AN INITIATIVE AT THE MEDIUM, WHICH PROVIDED CREATIVES WITH SPACE, EQUIPMENT, AND TECHNICAL SUPPORT TO EXPERIMENT AND EXPAND THEIR AUDIENCE.

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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 $2,567,127

Program Service Revenue $56,182

Investment Income $0

Other Revenue $110,289

TOTAL REVENUE $2,733,598

Expense Breakdown

Grants Paid $773,500

Salaries & Benefits $1,280,724

Fundraising Expenses $0

Program Expenses $2,766,602

Other Expenses $1,081,262

TOTAL EXPENSES $3,135,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,733,598	$3,734,009	-0.3%
Expenses	$3,135,486	$2,693,612	+0.2%
Net Income	$-401,888	$1,040,397	-1.4%

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

N/A

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
JEANNETTE BALLEZA COLLINS	CHAIR	1.00	Officer Director	$0	$0	$0
BJORN SIMMONS	TREASURER	1.00	Officer Director	$0	$0	$0
KASSIE MISIEWICZ	SECRETARY	1.00	Officer Director	$0	$0	$0
OLIVIA TYSON	DIRECTOR	1.00	Director	$0	$0	$0
LIA URIBE	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS COWAN	DIRECTOR OF CULTURAL POLIC	40.00	Highest	$115,000	$9,797	$124,797
KELSEY HOWARD	DIRECTOR OF ARTS SERVICES	40.00	Highest	$110,210	$9,193	$119,403
PETER JASSO	INTERIM EXECUTIVE DIRECTOR	40.00	Highest	$120,788	$9,414	$130,202

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	$2,733,598	$3,135,486	$638,776	$-401,888
2022	$3,734,009	$2,693,612	$1,061,795	$1,040,397

CREATIVE ARKANSAS COMMUNITY HUB & EXCHANGE INC