The Warehouse Inc

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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

2012

Legal Domicile

Principal Officer

Kim Adamovich

Phone

7154798427

Tax Period

2024-01-01 to 2024-12-31

The Warehouse Inc, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $133K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $156K exceeded revenue, resulting in a 18% operating deficit.

Mission

None

Program Service Accomplishments

Program 1

Expenses: $156,264

The Warehouse Community Arts Center serves as Eagle River's artistic hub, providing quality education, programming, and events that explore all aspects of creativity for all ages. We believe that...

The Warehouse Community Arts Center serves as Eagle River's artistic hub, providing quality education, programming, and events that explore all aspects of creativity for all ages. We believe that access to the arts improves the quality of life of each individual who lives and plays here while also contributing to the exonomic vitality of our comminuty.

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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 $53,247

Program Service Revenue $61,978

Investment Income $8

Other Revenue $17,667

TOTAL REVENUE $132,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,589

Fundraising Expenses $0

Program Expenses $156,264

Other Expenses $78,675

TOTAL EXPENSES $156,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,900	$158,144	-0.2%
Expenses	$156,264	$169,733	-0.1%
Net Income	$-23,364	$-11,589	+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

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

$25,577

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Paez	President	1.50	Officer Director	$0	$0	$0
Judi Atkins	Vice President	1.50	Officer Director	$0	$0	$0
Carolyn Nolte	Secretary	2.50	Officer Director	$0	$0	$0
Marcia MacPhearson	Treasurer	1.50	Officer Director	$0	$0	$0
Debbie Benson	Board Member	2.50	Director	$0	$0	$0
Kim Adamovich	Executive Director	40.00	Officer	$25,577	$0	$25,577

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
2024	$132,900	$156,264	$257,242	$-23,364
2023	$158,144	$169,733	$270,570	$-11,589
2022	$190,577	$176,723	$280,710	$13,854