CULTUREWORKS GREATER PHILADELPHIA

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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

2010

Legal Domicile

Principal Officer

MELINDA STEFFY

Phone

2678753312

Tax Period

2024-07-01 to 2025-06-30

CULTUREWORKS GREATER PHILADELPHIA, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

CULTUREWORKS' MISSION IS TO PROVIDE EQUITABLE ACCESS TO MANAGEMENT RESOURCES FOR THE MAKERS AND PRESERVERS OF CULTURE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $908,126

SHARED MANAGEMENT RESOURCES: CULTUREWORKS PROVIDES FISCAL SPONSORSHIP, COWORKING SPACE, AND PROFESSIONAL DEVELOPMENT FOR ARTISTS, CULTURAL LEADERS, AND SOCIAL ENTREPRENEURS. CULTUREWORKS' PROGRAMS...

SHARED MANAGEMENT RESOURCES: CULTUREWORKS PROVIDES FISCAL SPONSORSHIP, COWORKING SPACE, AND PROFESSIONAL DEVELOPMENT FOR ARTISTS, CULTURAL LEADERS, AND SOCIAL ENTREPRENEURS. CULTUREWORKS' PROGRAMS INCREASE ADMINISTRATIVE CAPACITY AND ALLOW CULTURAL LEADERS TO INCREASE OPERATIONAL EFFICIENCY IN SUPPORT OF THEIR OWN MISSIONS AND COMMUNITY-BASED PROGRAMMING. IN FISCAL YEAR 2025, CULTUREWORKS SERVED 99 FISCALLY SPONSORED PROJECTS AND 220 COWORKING MEMBERS. PLEASE REFER TO THE 990 FOR CULTURETRUST GREATER PHILADELPHIA FOR FINANCIAL REPORTING ON FISCALLY SPONSORED PROJECTS.

Program 2

Expenses: $517,812 Revenue: $19,524

SPIRAL Q LLC, A FISCALLY SPONSORED PROJECT OF CULTUREWORKS: SPIRAL Q'S MISSION IS TO BUILD STRONG AND EQUITABLE COMMUNITIES CHARACTERIZED BY CREATIVITY, JOY, CAN-DO ATTITUDES AND THE COURAGE TO ACT ON THEIR CONVICTIONS. THEIR PROGRAMMING INCLUDES SCHOOL-BASED RESIDENCIES AROUND ART AND PUPPET-MAKING, THE ANNUAL PEOPLEHOOD PARADE AND PAGEANT, OTHER PARADES AND CREATIVE COMMUNITY GATHERINGS. SPIRAL Q'S PROGRAMS ARE SUPPORTED PRIMARILY THROUGH GRANTS AND CONTRIBUTIONS, WHICH IN FY25 TOTALED $368,000.

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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 $429,703

Program Service Revenue $931,687

Investment Income $3,614

Other Revenue $7,303

TOTAL REVENUE $1,372,307

Expense Breakdown

Grants Paid $539

Salaries & Benefits $1,044,152

Fundraising Expenses $6,306

Program Expenses $517,812

Other Expenses $538,334

TOTAL EXPENSES $1,583,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,372,307	$1,879,192	-0.3%
Expenses	$1,583,025	$1,495,500	+0.1%
Net Income	$-210,718	$383,692	-1.5%

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

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

$276,061

Total Directors

$133,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARANGELI MEJIA-RABELL	CO-CHAIR	1.00	Officer Director	$0	$0	$56,000
MICHELE WALLS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
KEN METZNER	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARK COMEROTA	TREASURER	1.00	Officer Director	$0	$0	$0
ANNIE CHIU-MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
DAWN FRISBY-BYERS	DIRECTOR	1.00	Director	$0	$0	$0
THERESA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KAROL MASON	DIRECTOR	1.00	Director	$0	$0	$0
JOEY LEROUX	SECRETARY	1.00	Director	$0	$0	$6,000
CARALYN SPECTOR	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY DOLAN	DIRECTOR	1.00	Director	$0	$0	$0
TAILINH AGOYO	DIRECTOR (UP UNTIL JULY' 2024)	2.00	Director	$0	$0	$71,760
ARIEL SHELTON	CO-EXECUTIVE DIRECTOR	32.00	Officer	$101,229	$8,061	$109,290
MELINDA STEFFY	CO-EXECUTIVE DIRECTOR	20.00	Officer	$102,029	$8,742	$110,771

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	$1,372,307	$1,583,025	$1,551,710	$-210,718
2024	No data	No data	No data	No data
2023	$1,647,120	$2,220,547	$1,025,664	$-573,427
2023	$1,647,120	$2,220,547	$1,025,664	$-573,427
2022	$2,540,227	$2,150,540	$1,606,507	$389,687
2021	$2,109,061	$1,682,690	$1,032,081	$426,371
2020	$1,610,814	$1,367,070	$540,151	$243,744
2019	$1,154,608	$1,401,511	$122,505	$-246,903
2018	$726,367	$1,163,423	$342,295	$-437,056