TBEY ARTS CENTER INC (EIN 020739623) - 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

2004

Legal Domicile

Principal Officer

CONTESSA LOBLEY

Phone

4145628239

Tax Period

2024-01-01 to 2024-12-31

TBEY ARTS CENTER INC, founded in 2004, is a small nonprofit in the Youth Development sector that reported $417K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $481K exceeded revenue, resulting in a 15% operating deficit.

Mission

TBEY ARTS CENTER STRENGTHENS YOUTH AND YOUNG ADULTS THROUGH EXPOSURE TO THE ARTS AND OPPORTUNITIES FOR CREATIVE EXPRESSION. YOUTH AND YOUNG ADULTS AGES 2-19 RECEIVE PROFESSIONAL ARTS INSTRUCTION, ENJOY PERFORMANCES & EXHIBITS, RECEIVE TUTORING, MENTORING, AND COACHING TO ACHIEVE ACADEMICALLY AND PURSUE THEIR INTEREST IN THE ARTS.

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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 $167,526

Program Service Revenue $247,512

Investment Income $1,594

Other Revenue $480

TOTAL REVENUE $417,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $305,886

Fundraising Expenses $25,920

Program Expenses $225,015

Other Expenses $158,338

TOTAL EXPENSES $480,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$417,112	$348,774	+0.2%
Expenses	$480,724	$278,845	+0.7%
Net Income	$-63,612	$69,929	-1.9%

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

$92,846

Total Directors

$30,001

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BECK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES KIRK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DARON WOLF	SECRETARY	1.00	Officer Director	$0	$0	$0
KYRSTAL REED	TREASURER	1.00	Officer Director	$0	$0	$0
MYESHA COLE	DIRECTOR	1.00	Director	$30,001	$0	$30,001
CONTESSA LOBLEY	EXECUTIVE DIRECTOR	40.00	Officer	$92,846	$0	$92,846

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	$417,112	$480,724	$509,267	$-63,612
2023	$348,774	$278,845	$572,998	$69,929
2022	$420,833	$240,233	$501,278	$180,600
2020	$269,913	No data	$248,400	No data
2019	$237,715	$248,462	$148,698	$-10,747
2018	$292,959	$251,309	$175,666	$41,650

TBEY ARTS CENTER INC