Home for Contemporary Theatre and Art Ltd dba HERE Art Center (EIN 133449416) - 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

1986

Legal Domicile

Principal Officer

Lanxing Fu

Phone

2126470202

Tax Period

2023-09-01 to 2024-08-31

Home for Contemporary Theatre and Art Ltd dba HERE Art Center, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $3.1M exceeded revenue, resulting in a 39% operating deficit.

Mission

HERE builds an inclusive community that nurtures artists of all backgrounds as they disrupt conventional expectations to create innovative performances in theatre, dance, music, puppetry, media, and visual art.

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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 $1,470,321

Program Service Revenue $683,889

Investment Income $0

Other Revenue $55,645

TOTAL REVENUE $2,209,855

Expense Breakdown

Grants Paid $187,804

Salaries & Benefits $1,519,535

Fundraising Expenses $158,488

Program Expenses $2,519,816

Other Expenses $1,366,404

TOTAL EXPENSES $3,073,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,209,855	$2,236,630	0.0%
Expenses	$3,073,743	$2,876,378	+0.1%
Net Income	$-863,888	$-639,748	+0.4%

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

146

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

$7,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristen Marting	Artistic Director	40.00		$87,001	$10,932	$97,933
Barbara Busackino	Member	10.00	Director	$7,364	$0	$7,364
Michael Champness	Treasurer	2.00	Officer Director	$0	$0	$0
Abigail Gampel	Member	1.00	Director	$0	$0	$0
Setareh Mirhosseini	Member	1.00	Director	$0	$0	$0
Tim Maner	Member	1.00	Director	$0	$0	$0
Brenna Thomas	Member	1.00	Director	$0	$0	$0
Kevin Matthews	Member	1.00	Director	$0	$0	$0
Helen Mills	Member	1.00	Director	$0	$0	$0
Alan Ostroff	Member	1.00	Director	$0	$0	$0
Paul Pinto	Member	1.00	Director	$0	$0	$0
Kamala Sankaram	Secretary	1.00	Officer Director	$0	$0	$0
Amy Segal	Member	1.00	Director	$0	$0	$0
Robert Walport	Vice-Chair	1.00	Officer Director	$0	$0	$0
Jennifer Suh Whitfield	Board Chair	10.00	Officer Director	$0	$0	$0
Tommy Young	Member	1.00	Director	$0	$0	$0
Lanxing Fu	Co-Director	40.00	Director	$0	$0	$0
Teresa Woods Pena	Member	1.00	Director	$0	$0	$0
China Young	Member	1.00	Director	$0	$0	$0
Jesse Cameron Alick	Co-Director	40.00	Director	$0	$0	$0
Annalisa Dias	Co-Director	40.00	Director	$0	$0	$0
Lauren Miller	Co-Director	40.00	Director	$0	$0	$0
Brian Warren	Member	1.00	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	$2,209,855	$3,073,743	$2,506,749	$-863,888
2023	$2,236,630	$2,876,378	$3,234,113	$-639,748
2022	$3,052,814	$3,716,148	$3,913,924	$-663,334
2021	$3,072,638	$1,928,104	$5,118,891	$1,144,534
2020	$1,994,627	$2,902,097	$3,909,352	$-907,470
2019	$2,682,929	$2,918,649	$4,381,794	$-235,720
2018	$3,966,820	$3,338,758	$4,803,820	$628,062

Home for Contemporary Theatre and Art Ltd dba HERE Art Center