TRANSART AND CULTURAL SERVICES INC (EIN 112922264) - 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

1988

Legal Domicile

Principal Officer

GREER SMITH

Phone

8453846350

Tax Period

2023-01-01 to 2023-12-31

TRANSART AND CULTURAL SERVICES INC, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $591K, a strong 51% operating margin.

Mission

TO PREPARE, ORGANIZE AND PROMOTE ARTISTIC EXHIBITIONS AND PERFORMANCES, WHETHER VISUAL ART, MUSIC.

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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 $1,120,117

Program Service Revenue $33,878

Investment Income $1,010

Other Revenue $539

TOTAL REVENUE $1,155,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,709

Fundraising Expenses $0

Program Expenses $432,640

Other Expenses $362,320

TOTAL EXPENSES $565,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,155,544	$863,896	+0.3%
Expenses	$565,029	$368,554	+0.5%
Net Income	$590,515	$495,342	+0.2%

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
TERYL MICKENS	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF KOSHMACHER	SECRETARY	2.00	Officer Director	$0	$0	$0
LISA THOMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CURTIS NJUE MURUNGI	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERWOOD PHIZER	BOARD MEMBER	2.00	Director	$0	$0	$0
REGINALD MARTIN CRENSHAW	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
2024	No data	No data	No data	No data
2023	$1,155,544	$565,029	$3,814,169	$590,515
2023	$1,155,544	$565,029	$3,814,169	$590,515
2022	$720,531	$359,394	$3,077,036	$361,137
2022	$863,896	$368,554	$3,221,631	$495,342
2021	$1,469,314	$260,519	$3,011,140	$1,208,795
2021	$1,220,237	$274,669	$2,705,269	$945,568
2020	$94,408	$191,063	$1,779,790	$-96,655
2019	$1,623,046	$232,529	$1,877,345	$1,390,517
2018	$229,523	$88,444	$472,321	$141,079

TRANSART AND CULTURAL SERVICES INC