VAPA CENTER

EIN: 873529263 501(c)(3) Arts, Culture & Humanities

Charlotte, NC

Total Revenue
$578,900
Total Expenses
$542,668
Total Assets
$98,081
Net Assets
$56,329
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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
NC
Principal Officer
Arthur Rogers
Phone
7048069584
Tax Period
2023-07-01 to 2024-06-30

VAPA CENTER, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $579K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $543K left a modest 6% surplus.

Mission

The VAPA Center cultivates accessible exhibition and creative work-spaces to inspire and nurture the relationship between artists and the community, providing facilities to artist at cost significantly below market value. Exhibition, performance, and office spaces are provided at costs of $2.5 - $4.5 per square foot, as opposed to $18-$20 per square foot market rate.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $265,475
Program Service Revenue $313,425
Investment Income $0
Other Revenue $0
TOTAL REVENUE $578,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,918
Fundraising Expenses $0
Program Expenses $542,668
Other Expenses $399,750
TOTAL EXPENSES $542,668

Year-over-Year Comparison

2023 2022 Change
Revenue $578,900 $481,957 +0.2%
Expenses $542,668 $516,417 +0.1%
Net Income $36,232 $-34,460 -2.1%
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

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Governance

Voting Members
12
Independent Members
11
Employees
4
Volunteers
50

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
1
$74,567
Total Directors
12
$0
Key Employees
1
$74,567
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Arthur Rogers Executive Director 50
Officer Key Emp Highest
$74,567 $0 $74,567
Ron Baldwin Chair 5
Director
$0 $0 $0
Ladarius Thompson Vice Chair 1
Director
$0 $0 $0
Julio Gonzalez Treasurer 2
Director
$0 $0 $0
Wendy Fishman Secretary 0
Director
$0 $0 $0
Keli Semelsberger Immediate Past Chair 1
Director
$0 $0 $0
Natalie Allen Board Member 1
Director
$0 $0 $0
Rich Cooper Board Member 1
Director
$0 $0 $0
Anna Montgomerie Board Member 1
Director
$0 $0 $0
Evan Nogay Board Member 1
Director
$0 $0 $0
Joanne Rogers Board Member 1
Director
$0 $0 $0
Kay Tuttle Board Member 1
Director
$0 $0 $0
Sydney Weaver-Bey Board Member 1
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
2025 No data No data No data No data
2024 $578,900 $542,668 $98,081 $36,232
2023 $481,957 $516,417 $79,857 $-34,460
2022 $370,413 $335,311 $36,802 $35,102
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