STOVE WORKS FOUNDATION

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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

WESLEY AULL

Phone

4232671430

Tax Period

2024-01-01 to 2024-12-31

STOVE WORKS FOUNDATION, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $90K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $191K exceeded revenue, resulting in a 113% operating deficit.

Mission

TO SERVE THE CHATTANOOGA COMMUNITY BY SUPPORTING STOVE WORKS, A TAX-EXEMPT ORGANIZATION, IN ITS MISSION OF PROVIDING ARTISTS A VENUE FOR THE PRODUCTION AND EXHIBITION OF CONTEMPORARY WORKS OF ART.

Program Service Accomplishments

Program 1

Expenses: $158,209

TO SUPPORT STOVE WORKS IN PROVIDING SPACE AND SUPPORTING SERVICES FOR EXHIBITIONS OF CONTEMPORARY ART OPEN TO THE PUBLIC WHERE WORKS OF PROMISING ARTISTS ARE DISPLAYED.

Program 2

TO SUPPORT STOVE WORKS IN SPONSORING EDUCATIONAL ACTIVITIES REGARDING CONTEMPORARY ART.

Program 3

TO SUPPORT STOVE WORKS IN OPERATING AN ARTIST RESIDENCY PROGRAM WHERE LIVING AND STUDIO SPACES ARE PROVIDED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $90,001

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $90,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,209

Other Expenses $191,443

TOTAL EXPENSES $191,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,001	$4,807,578	-1.0%
Expenses	$191,443	$1,328	+143.2%
Net Income	$-101,442	$4,806,250	-1.0%

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

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
CHARLOTTE CALDWELL	DIRECTOR	0.25	Director	$0	$0	$0
WESLEY AULL	DIRECTOR & PRESIDENT	0.25	Officer Director	$0	$0	$0
JOHN PAUL HENNESSEY	DIRECTOR & SECRETARY	0.25	Officer Director	$0	$0	$0
KATHERINE CURRIN	DIRECTOR & TREASURER	0.25	Officer 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	$90,001	$191,443	$5,004,087	$-101,442
2023	$4,807,578	$1,328	$5,156,250	$4,806,250
2022	No data	No data	$350,000	No data
2021	$350,000	No data	$350,000	No data