IRVINE, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOPE CENTER FOR THE ARTS, founded in 1979, is a small nonprofit that reported $444K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $639K exceeded revenue, resulting in a 44% operating deficit.
THE SPECIFIC PURPOSE OF THE CORPORATION IS TO OPERATE AN ORGANIZATION FOR CHARITABLE AND EDUCATIONAL PURPOSES WHICH INCLUDES, WITHOUT LIMITATION, THE MISSION TO TRANSFORM THE LIVES OF ADULTS WITH INTELLECTUAL DISABILITIES THROUGH THE ARTS.
VISUAL ARTSHOPE CENTER FOR THE ARTS OFFERS A COMBINATION OF STUDIO INSTRUCTION BOTH ONSITE AND ONLINE. THE ORGANIZATION ALSO OFFERS SOCIALLY ENGAGING PUBLIC ART PROJECTS, EXHIBITION OPPORTUNITIES...
VISUAL ARTSHOPE CENTER FOR THE ARTS OFFERS A COMBINATION OF STUDIO INSTRUCTION BOTH ONSITE AND ONLINE. THE ORGANIZATION ALSO OFFERS SOCIALLY ENGAGING PUBLIC ART PROJECTS, EXHIBITION OPPORTUNITIES, AND FINE CRAFT PRODUCTION FOR OUR IN HOUSE BOUTIQUE, HOPE HANDMADE. THE VISUAL ARTS PROGRAM SERVES THE WHOLE PERSON, TRANSFORMING THE LIVES OF ADULTS WITH INTELLECTUAL DISABILITIES THROUGH THE ARTS, BUILDING SELF-ESTEEM, FINE AND GROSS MOTOR SKILLS, CULTIVATING COMMUNITY INTEGRATION AND SOCIAL SKILLS AS WELL AS BUILDING JOB AND VOCATIONAL SKILLS.CREATIVE THERAPY SERVICESTHE ORGRANIZATION PROVIDES ONSITE AND ONLINE INSTRUCTION BY PROFESSIONALS WHO COMPLETED AN APPROVED THERAPY PROGRAM. THE DEPARTMENT SUPPORTS OUR ARTISTS BY PROVIDING A THERAPEUTIC RELATIONSHIP FOR GROWTH THROUGH DANCE MOVEMENT.PERFORMING ARTSTHE ORGANIZATION STRIVES BOTH ONSITE AND ONLINE TO MEET THE INDIVIDUAL LEARNING NEEDS OF EACH ARTISTS AND FOSTER THE UNIQUE ABILITIES BASED ON THE INDIVIDUAL'S SKILLS AND INTERESTS DESPITE THEIR LIMITATIONS, DISABILITY OR DIAGNOSIS. THIS PROGRAM OFFERS MUSIC, DANCE, VIDEO PRODUCTION, AND THEATER ARTS INSTRUCTION AND PUBLIC PERFORMANCE OPPORTUNITIES. LIFE ENRICHMENTLIFE ENRICHMENT CLASSES ARE OFFERED ONSITE AND ONLINE AND INCLUDE CURRENT EVENTS, FITNESS, POETRY, SPORTS, FINANCIAL MANAGEMENT, AND CULINARY ARTS. THE GOAL IS TO APPLY WHAT THEY LEARN IN THE CLASSROOM TO THEIR LIFE IN THE REAL WORLD. DURING THE YEAR, THE ORGANIZATION HAD AROUND 40 - 43 STUDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $444,314 | $390,477 | +0.1% |
| Expenses | $639,264 | $523,522 | +0.2% |
| Net Income | $-194,950 | $-133,045 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MIKE RADICE | CEO AND BOARD CHAIR | 2.00 |
Officer
Director
|
$92,000 | $0 | $92,000 |
| MARGUERITE ADAMS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JUNE MCLAUGHLIN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PEPPER RUSSEL | BOARD MEMER | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVEN DZIEKONSKI | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL BENNETT | CFO | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $444,314 | $639,264 | $264,572 | $-194,950 |
| 2022 | $390,477 | $523,522 | $445,824 | $-133,045 |
| 2021 | $663,702 | $460,797 | $650,538 | $202,905 |
| 2020 | $647,402 | $452,420 | $517,442 | $194,982 |
| 2019 | $447,189 | $535,136 | $50,680 | $-87,947 |
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