LA ARTS (EIN 010391208) - 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

1984

Legal Domicile

Principal Officer

JAMES PARAKILAS

Phone

2077827228

Tax Period

2023-07-01 to 2024-06-30

LA ARTS, founded in 1984, is a small nonprofit that reported $188K in total revenue in fiscal year 2023. The organization ran a surplus of $62K, a strong 33% operating margin.

Mission

TO INSPIRE AND ENGAGE A VIBRANT COMMUNITY THROUGH ARTS AND CULTURE

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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 (2023)

Revenue Breakdown

Contributions & Grants $183,980

Program Service Revenue $4,204

Investment Income $-852

Other Revenue $419

TOTAL REVENUE $187,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,389

Fundraising Expenses $477

Program Expenses $68,528

Other Expenses $77,936

TOTAL EXPENSES $125,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,751	$180,563	+0.0%
Expenses	$125,325	$116,336	+0.1%
Net Income	$62,426	$64,227	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PARAKILAS	CHAIR	15.00	Officer Director	$0	$0	$0
DARBY RAY	CLERK	5.00	Officer Director	$0	$0	$0
MARK LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY CALLAHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ALLIE SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIJAH TRUE	BOARD MEMBER	2.00	Director	$0	$0	$0
ELAINE GAMMON	VICE CHAIR	10.00	Officer Director	$0	$0	$0
ALISON GIBBS	BOARD MEMBER	2.00	Director	$0	$0	$0
NATALIE POLLOCK	BOARD MEMBER	2.00	Director	$0	$0	$0
TODD SAVAGE	TREASURER	2.00	Officer Director	$0	$0	$0
GARY STALLSWORTH	BOARD MEMBER	2.00	Director	$0	$0	$0
HALEY WARDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERI WITHERS-HOLLENBACK	BOARD MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	$187,751	$125,325	$362,667	$62,426
2023	$180,563	$116,336	$317,325	$64,227
2022	$141,459	$108,603	$295,932	$32,856
2021	$173,144	$95,821	$253,734	$77,323
2020	$85,742	$83,705	$123,075	$2,037
2019	$69,027	$62,005	$110,529	$7,022
2018	$160,544	$86,077	$107,441	$74,467

LA ARTS