STUDIO ROUTE 29 (EIN 881054629) - 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

KATHLEEN HENDERSON

Phone

9082482438

Tax Period

2025-01-01 to 2025-12-31

STUDIO ROUTE 29, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $793K in total revenue in fiscal year 2025. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 26% operating margin.

Mission

STUDIO ROUTE 29 IS A PROGRESSIVE ART STUDIO. THE SPECIFIC OBJECTIVES OF THIS CORPORATION ARE TO PROVIDE A CREATIVE ARTS PROGRAM FOR PEOPLE WITH DISABILITIES TO EXPLORE AND DEVELOP AN ARTISTIC PRACTIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $548,847

Program Service Revenue $139,503

Investment Income $10,844

Other Revenue $93,628

TOTAL REVENUE $792,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,444

Fundraising Expenses $0

Program Expenses $533,529

Other Expenses $196,520

TOTAL EXPENSES $583,964

Year-over-Year Comparison

	2025	2024	Change
Revenue	$792,822	$562,217	+0.4%
Expenses	$583,964	$466,621	+0.3%
Net Income	$208,858	$95,596	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH ANDERSON	SECRETARY	10.00	Officer Director	$0	$0	$0
CAL PETERNELL	PRESIDENT	10.00	Officer Director	$0	$0	$0
LACY PHELPS	TREASURER	10.00	Officer Director	$0	$0	$0
JILL KEARNEY	BOARD MEMBER	10.00		$0	$0	$0
BEVERLY WILLIAMS	BOARD MEMBER	10.00		$0	$0	$0
LISA ZARETSKY	BOARD MEMBER	10.00		$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	$792,822	$583,964	$501,807	$208,858
2024	$562,217	$466,621	$292,011	$95,596
2023	$498,347	$403,871	$196,627	$94,476
2022	$256,845	$155,246	$101,699	$101,599

STUDIO ROUTE 29