IFETAYO CULTURAL ARTS ACADEMY INC

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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.

Program Service Accomplishments

Program 1

Expenses: $288,417 Revenue: $159,001

CULTURAL ARTS PROGRAM: CAP OFFERS SEQUENTIAL, WEEKLY ARTS CLASSES IN MULTIPLE DISCIPLINES TOYOUTH AGES 2-18 AND ADULTS. CAP PROVIDED HIGH-LEVEL TRAINING IN DANCE, MUSIC, VISUAL ARTS,THEATER, CREATIVE EXPRESSION/POETRY AND MARTIAL ARTS TO STUDENTS IN LEVELS FROM BEGINNER TOPRE-PROFESSIONAL.

Program 2

Expenses: $248,692

IN SCHOOL PROGRAM: ISP PROVIDES SEQUENTIAL, WEEKLY IN-SCHOOL AND AFTERSCHOOL ARTS EDUCATION ANDYOUTH DEVELOPMENT PROGRAMMING TO PUBLIC, CHARTER AND PRIVATE SCHOOLS IN NEW YORK CITY.DISCIPLINES IN...

IN SCHOOL PROGRAM: ISP PROVIDES SEQUENTIAL, WEEKLY IN-SCHOOL AND AFTERSCHOOL ARTS EDUCATION ANDYOUTH DEVELOPMENT PROGRAMMING TO PUBLIC, CHARTER AND PRIVATE SCHOOLS IN NEW YORK CITY.DISCIPLINES IN FY22 INCLUDED VISUAL ARTS DIGITAL PHOTOGRAPHY, JEWELRY MAKING, PAINTING &SKETCHING, DANCE AFRICAN, HIP HOP, MODERN, MUSIC AFRICAN DRUM, GUITAR, MUSIC THEORY AND AUDIOPRODUCTION.

Program 3

Expenses: $227,325

RITES OF PASSAGE PROGRAMS: SISTERS IN SISTERHOOD AND I AM MY BROTHER IS A YEAR-ROUND AFTER SCHOOLPROGRAM THAT EMPOWERS YOUTH AGES 8-19 TO ADVANCE THEIR INTELLECTUAL AND EMOTIONAL SKILLS INPREPARATION FOR GROWTH INTO INDEPENDENT, COMPASSIONATE, SELF-CONFIDENT LEADERS. RITES OFFERSTRAINING AND INSTRUCTION THAT INCLUDES DEVELOPMENT OF PERSONAL SKILLS COLLEGE AND CAREERCOUNSELING SERVICES FAMILY MEETINGS AND HOME VISITS. FINANCIAL EDUCATION INSTITUTE FEI ANDINDIVIDUAL DEVELOPMENT ACCOUNTS PROGRAM IDA PROVIDES CRUCIAL FINANCIAL EDUCATION WORKSHOPS ANDCOLLEGE SAVINGS ACCOUNTS FOR STUDENTS BEGINNING AT AGE 8 THROUGH GRADUATION FROM COLLEGE.

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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
2025	No data	No data	No data	No data
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