GAGE ACADEMY OF ART (EIN 911992593) - 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

1998

Legal Domicile

Principal Officer

KATHLEEN ALLEN

Phone

2063234243

Tax Period

2024-07-01 to 2025-06-30

GAGE ACADEMY OF ART, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 39% operating margin.

Mission

GAGE ACADEMY OF ART CELEBRATES 35 YEARS AS A VIBRANT EXTENDED-LEARNING AND CONTEMPORARY ART CENTER, PROVIDING EXCEPTIONAL ARTISTIC DEVELOPMENT FOR ARTISTS OF ALL AGES, ABILITIES AND ECONOMIC MEANS, WITH PROGRAMS TO MEET THE NEEDS OF ALL ARTISTIC LEVELS.

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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 $4,102,703

Program Service Revenue $1,771,938

Investment Income $115,775

Other Revenue $9,178

TOTAL REVENUE $5,999,594

Expense Breakdown

Grants Paid $133,416

Salaries & Benefits $1,906,319

Fundraising Expenses $401,732

Program Expenses $2,173,725

Other Expenses $1,586,300

TOTAL EXPENSES $3,654,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,999,594	$3,978,112	+0.5%
Expenses	$3,654,588	$2,949,523	+0.2%
Net Income	$2,345,006	$1,028,589	+1.3%

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

$166,768

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK HAROLDSON	PRESIDENT	6.00	Officer Director	$0	$0	$0
CONNIE MAO	IMMEDIATE PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
GAYLE MEYER	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
ANASTASIA KIM	TREASURER	3.00	Officer Director	$0	$0	$0
SARAH STRACHAN	SECRETARY	3.00	Officer Director	$0	$0	$0
ROCK HUSHKA	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
BARRY JENNINGS	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
MARY FISHER	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE GEDYE	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
NIRUPA SHAH	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
LAUREN NEISWENDER	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
KAT RANDOLPH	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
VIRGINIE GRANGE	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
SHANNON STOKKE	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
RACHAEL CULLY	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
JOSH GRANBERG	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
LIZ HEJLSBERG	BOARD OF TRUSTEE	2.00	Director	$0	$0	$0
ANNE STEELE	TRUST EMERITUS	2.00	Director	$0	$0	$0
KATHLEEN ALLEN	EXECUTIVE DIRECTOR	40.00	Officer	$164,350	$2,418	$166,768

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	$5,999,594	$3,654,588	$8,078,510	$2,345,006
2024	$3,978,112	$2,949,523	$3,723,468	$1,028,589
2023	$2,571,537	$2,952,292	$2,745,328	$-380,755
2022	$2,536,087	$2,674,334	$2,342,578	$-138,247
2021	$2,623,877	$2,330,328	$3,068,571	$293,549
2020	$2,753,826	$2,684,872	$2,401,647	$68,954
2019	$2,864,413	$2,821,673	$1,994,939	$42,740
2018	$2,952,073	$2,690,710	$2,004,780	$261,363

GAGE ACADEMY OF ART