DIASPORA VIBE CULTURAL ARTS INCUBA… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

ROSEMARIE GORDON - WALLACE

Tax Period

2023-01-01 to 2023-12-31

DIASPORA VIBE CULTURAL ARTS INCUBATOR, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $669K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $576K left a modest 14% surplus.

Mission

DVCAI seeks to be the most strategic and creative Incubator network in the data and performance contemporary art world. DVCAI offers a space for cultural dialog and critical thinking through art beyond the Caribbean region. We embrace art from the Mid Atlantic spanning to Bermuda

Program Service Accomplishments

Program 1

Expenses: $477,840

DVCAI is a virtual nomadic museum space providing opportunities for emerging artist to showcase their works. We inspire artist to experiment and design without passing judgement on their cultural...

DVCAI is a virtual nomadic museum space providing opportunities for emerging artist to showcase their works. We inspire artist to experiment and design without passing judgement on their cultural heritage. We initiate dialogue and provide a critical platform -a popup space for artist to mature.Curated Exhibitions: National Young Arts Foundation, Redline Contemporary Art Space, the Univ.of Miami Gallery, The Corcoran Museum of Art, The Harvey B. Gantt Center, The Miami Design District, Sarasota Art Museum, and The GreenSpace. International Cultural Exchanges in Bermuda, Suriname, Panama, Belize, Jamaica, Antigua and Aruba. We Create Zoom education sessions and podcasts to expose the various talents and exhibitions. We moderate complex topics with artists and support the fundraising of our peers. We curate speakers panels and populate the DVCAI archive at the Special Collections of the Univ of Miami and dLOC at the Univ of Florida. 2024 is our 28th anniversary

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $668,569

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $668,569

Expense Breakdown

Grants Paid $211,125

Salaries & Benefits $0

Fundraising Expenses $21,250

Program Expenses $477,840

Other Expenses $343,417

TOTAL EXPENSES $575,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$668,569	$500,664	+0.3%
Expenses	$575,792	$796,788	-0.3%
Net Income	$92,777	$-296,124	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
PIA LARMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
TANIA DESDUNES	Assistant Director	40.00	Director	$0	$0	$0
MARLON HILL	BOARD MEMBER	5.00	Director	$0	$0	$0
ISIAH LINDSAY	BOARD MEMBER	8.00	Director	$0	$0	$0
ANITA MCGRUDER	BOARD MEMBER	5.00	Director	$0	$0	$0
KIM DIEHL	BOARD MEMBER	5.00	Director	$0	$0	$0
ROY WALLACE	BOARD MEMBER	8.00	Director	$0	$0	$0
GORDON MYERS	BOARD MEMBER	5.00	Director	$0	$0	$0
VASHTIE FULLER	TREASURER	5.00	Officer Director	$0	$0	$0
ANDREA ORANE	CHAIRMAN OF THE BOARD	15.00	Officer	$0	$0	$0
ROSEMARIE GORDON - WALLACE	PRESIDENT	40.00	Officer Highest	$0	$0	$0
JENNIFER GARCON	SECRETARY	8.00	Officer	$0	$0	$0
HADASSAH ST HUBERT	VICE CHAIR	8.00	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	No data	No data	No data	No data
2023	$668,569	$575,792	$235,290	$92,777
2022	$574,921	$561,076	$419,212	$13,845
2021	$853,184	$505,101	$458,000	$348,083
2020	$514,160	$511,037	$57,284	$3,123
2019	$252,621	$282,592	$79,973	$-29,971
2018	$388,682	$223,916	$283,801	$164,766

DIASPORA VIBE CULTURAL ARTS INCUBATOR