HOOK ARTS MEDIA INC (EIN 133015965) - 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

1994

Legal Domicile

Principal Officer

MARTHA BOWERS

Phone

7186436790

Tax Period

2023-01-01 to 2023-12-31

HOOK ARTS MEDIA INC, founded in 1994, is a small nonprofit that reported $798K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $909K exceeded revenue, resulting in a 14% operating deficit.

Mission

PREMISED ON THE BELIEF THAT THE ARTS ARE AN EFECTIVE VEHICLE FOR PERSONAL AND SOCIAL TRANFORMATION, HOOK ARTS MEDIA UNITES ARTISTS AND COMMUNITY MEMBERS AS CO-CREATORS IN DYNAMIC CULTURAL ACTIVITIES THROUGH INNOVATIVE PERFORMING ARTS AND MEDIA EDUCATION PROGRAMS,AND RELATED SITE-SPECIFIC PERFORMANCES AND FESTIVALS. HOOK ARTS MEDIA STIMULATES THE SOCIAL IMAGINATION THROUGH ACTS OF INFORMED EXPRESSION AND CIVIC PARTICIPATION, IN THE INTEREST OF ESTABLISHING A MORE JUST AND EQUITABLE SOCIETY.

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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 $570,584

Program Service Revenue $227,840

Investment Income $29

Other Revenue $0

TOTAL REVENUE $798,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,543

Fundraising Expenses $53,524

Program Expenses $778,020

Other Expenses $333,388

TOTAL EXPENSES $908,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$798,453	$965,577	-0.2%
Expenses	$908,931	$732,603	+0.2%
Net Income	$-110,478	$232,974	-1.5%

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

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

$101,385

Total Directors

$101,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA BOWERS	Executive Dir.	40.00	Officer Director	$101,385	$0	$101,385
SAM SILLS	President	5.00	Officer Director	$0	$0	$0
AUDREY ANASTASI	Secretary	5.00	Officer Director	$0	$0	$0
ELISE BERNHARDT	Treasurer	5.00	Officer Director	$0	$0	$0
NYEEMA BAILEY	Board Member	5.00	Director	$0	$0	$0
CORINTHIA CARTER	Board Member	5.00	Director	$0	$0	$0
KAMAU WARE	Board Member	5.00	Director	$0	$0	$0
CHRISTOPHER BROWN	Board Member	5.00	Director	$0	$0	$0
LOURIC RANKIN	Board Member	5.00	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	$798,453	$908,931	$798,644	$-110,478
2023	$967,944	$979,972	$932,348	$-12,028
2022	$965,577	$1,020,148	$949,210	$-54,571
2022	$965,577	$732,603	$949,210	$232,974
2021	$788,775	$589,146	$706,604	$199,629
2020	$483,492	$513,375	$549,285	$-29,883
2019	$720,273	$625,107	$497,549	$95,166
2018	$486,388	$615,518	$401,723	$-129,130

HOOK ARTS MEDIA INC