BALANCE POINT STUDIOS

EIN: 931834688 501(c)(3) Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$280,305
Total Expenses
$98,980
Total Assets
$181,325
Net Assets
$181,325
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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
OH
Principal Officer
ALI BLACK
Phone
2162552767
Tax Period
2023-07-01 to 2024-06-30

BALANCE POINT STUDIOS, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $280K in total revenue in fiscal year 2023. The organization ran a surplus of $181K, a strong 65% operating margin.

Mission

BALANCE POINT STUDIOS SEEKS TO MAKE, TEACH, AND SHARE ART TO UNLOCK GREATNESS, AND TO CHALLENGE CURIOUS AND CREATIVE MINDS TO EXPRESS THEMSELVES FREELY.

Program Service Accomplishments

Program 1
Expenses: $85,420

BALANCE POINT STUDIOS SERVED OVER 400 YOUTH AND 100 YOUNG ADULTS. THERE WERE 3 MURALS INSTALLED IN CLEVELAND, OHIO AND 1 MURAL PENDING IN WARREN, OHIO. ADDITIONALLY, BALANCE POINT STUDIOS OFFERED...

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BALANCE POINT STUDIOS SERVED OVER 400 YOUTH AND 100 YOUNG ADULTS. THERE WERE 3 MURALS INSTALLED IN CLEVELAND, OHIO AND 1 MURAL PENDING IN WARREN, OHIO. ADDITIONALLY, BALANCE POINT STUDIOS OFFERED OVER 50 CREATIVE WRITING WORKSHOPS, HOSTED 6 PUBLIC EVENTS, AND HOSTED OVER 50 BIKE RIDES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $280,305
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $280,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $7,373
Program Expenses $85,420
Other Expenses $98,980
TOTAL EXPENSES $98,980

Year-over-Year Comparison

2023 2022 Change
Revenue $280,305 N/A N/A
Expenses $98,980 N/A N/A
Net Income $181,325 N/A N/A
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

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
10

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
3
$47,410
Total Directors
3
$47,410
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALI BLACK TRUSTEE 5.00
Officer Director
$29,750 $0 $29,750
DONALD BLACK TRUSTEE 5.00
Officer Director
$17,660 $0 $17,660
BRANDON WHITE PRESIDENT 1.00
Officer Director
$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 $280,305 $98,980 $181,325 $181,325
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