CHRIS BABCOCK ART PREP (EIN 924028204) - 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

2023

Legal Domicile

Principal Officer

Chris Babcock

Phone

4157455301

Tax Period

2024-01-01 to 2024-12-31

CHRIS BABCOCK ART PREP, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $267K in total revenue in fiscal year 2024. Revenue surged 225% from the prior year, signaling strong growth momentum. Expenses of $241K left a modest 10% surplus.

Mission

Chris Babcock Art Prep, formerly Chris Babcock Art, is committed to nurturing young artists aged 7 to 18 through expert instruction in drawing and painting. Founded by Chris Babcock, an accomplished author, illustrator, and portrait painter, our nonprofit provides a supportive and inclusive learning environment. We focus on developing each student's artistic skills while catering to diverse learning styles and promoting mental and emotional wellbeing.

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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 $267,281

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $267,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,901

Fundraising Expenses $6,051

Program Expenses $195,353

Other Expenses $120,903

TOTAL EXPENSES $240,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,281	$82,210	+2.3%
Expenses	$240,804	N/A	N/A
Net Income	$26,477	$82,210	-0.7%

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

N/A

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

$64,835

Total Directors

$64,835

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Babcock	President	30.00	Officer Director	$64,835	$0	$64,835
Kristen Gundlach	Secretary	0.00	Officer	$0	$0	$0
Caroline Salverson	CFO	0.00	Officer	$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
2024	$267,281	$240,804	$40,463	$26,477

CHRIS BABCOCK ART PREP