IFETAYO CULTURAL ARTS ACADEMY INC (EIN 113027538) - 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

2009

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

IFETAYO CULTURAL ARTS ACADEMY INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $876K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 34% operating deficit.

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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 $611,958

Program Service Revenue $193,813

Investment Income $0

Other Revenue $70,273

TOTAL REVENUE $876,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $607,007

Fundraising Expenses $83,757

Program Expenses $969,324

Other Expenses $570,371

TOTAL EXPENSES $1,177,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$876,044	$1,129,926	-0.2%
Expenses	$1,177,378	$1,098,131	+0.1%
Net Income	$-301,334	$31,795	-10.5%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
KAWANA KING	MEMBER	Director	$0	$0	$0
KATHLEEN ETTIENNE	MEMBER	Director	$0	$0	$0
BENJAMIN TALTON	MEMBER	Director	$0	$0	$0
DAVID LAND	MEMBER	Director	$0	$0	$0
HAZEL BECKLES YOUNG LAO	MEMBER	Director	$0	$0	$0
LESLEY NURSE	CO-CHAIR	Officer Director	$0	$0	$0
DESIREE GORDON	EXECUTIVE DIRECTOR	Officer Director	$0	$0	$0
BARUTI BEDIAKO	TREASURER	Officer Director	$0	$0	$0
TANYA TAYLOR	CO-CHAIR	Officer 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	$876,044	$1,177,378	$2,990,978	$-301,334
2023	$1,129,926	$1,098,131	$3,616,718	$31,795
2022	$1,030,384	$727,928	$1,731,669	$302,456
2021	$859,827	$807,975	$1,513,076	$51,852
2020	$782,340	$816,893	$1,442,800	$-34,553
2019	$856,862	$1,122,842	$1,236,959	$-265,980
2019	$1,217,509	$1,356,948	$1,321,277	$-139,439
2018	$1,152,454	$1,217,001	$1,471,637	$-64,547

IFETAYO CULTURAL ARTS ACADEMY INC