WESTERN AVENUE COMMUNITY FOR THE ARTS INC (EIN 874789167) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

JAMES BUZA

Phone

6173507600

Tax Period

2024-07-01 to 2025-06-30

WESTERN AVENUE COMMUNITY FOR THE ARTS INC, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

THE CORPORATION'S PRIMARY PURPOSE IS TO CREATE THRIVING ECOSYSTEMS THAT SUPPORT THE ARTS, CULTURE AND COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PROGRAMS, SERVICES AND ADVOCACY WITH A FOCUS ON AFFORDABLE ARTIST WORK, LIVE/WORK AND COMMUNITY SPACES AND OTHER MAKER SPACES WHERE WORK CAN BE CREATED, REHEARSED, AND PRESENTED.

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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 $17,569

Program Service Revenue $0

Investment Income $8,675

Other Revenue $2,417,536

TOTAL REVENUE $2,443,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,997

Fundraising Expenses $16,971

Program Expenses $2,431,828

Other Expenses $2,220,824

TOTAL EXPENSES $2,530,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,443,780	$3,021,422	-0.2%
Expenses	$2,530,821	$2,478,025	+0.0%
Net Income	$-87,041	$543,397	-1.2%

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

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

$282,236

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL TOUGIAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES BUZA	TREASURER	1.00	Officer Director	$0	$0	$0
AWILDA IRIZARRY	CLERK	1.00	Officer Director	$0	$0	$0
JOANNE KALIONTZIS	DIRECTOR	1.00	Director	$0	$0	$0
LISA NICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GRACE ESQ	VICE PRESIDENT	3.00	Officer	$45,000	$5,560	$199,767
HOPE GREENE	EXECUTIVE DIRECTOR	40.00	Officer	$79,277	$3,192	$82,469

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	$2,443,780	$2,530,821	$21,587,567	$-87,041
2024	$3,021,422	$2,478,025	$21,860,236	$543,397
2023	$3,144,598	$2,367,684	$21,893,246	$776,914
2022	$2,952,079	$715,785	$21,021,482	$2,236,294

WESTERN AVENUE COMMUNITY FOR THE ARTS INC