ELSEWHERE INC (EIN 201026041) - 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

2004

Principal Officer

KERRI L JEFFRIES-MUBAARAK

Phone

3365495555

Tax Period

2022-01-01 to 2022-12-31

ELSEWHERE INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $274K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $386K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE ORGANIZATION PROVIDES A COLLABORATIVE WORK ENVIRONMENT FOR MORE THAN 50 ARTISTS THROUGH THE LIVING MUSEUM, WHICH PROVIDES EVENTS AND PROGRAMMING FOR THE ARTISTS AND COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $252,317

Program Service Revenue $21,632

Investment Income $193

Other Revenue $0

TOTAL REVENUE $274,142

Expense Breakdown

Grants Paid $27,663

Salaries & Benefits $221,320

Fundraising Expenses $11,629

Program Expenses $327,621

Other Expenses $136,528

TOTAL EXPENSES $385,511

Year-over-Year Comparison

	2022	2021	Change
Revenue	$274,142	$348,479	-0.2%
Expenses	$385,511	$368,035	+0.0%
Net Income	$-111,369	$-19,556	+4.7%

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

$94,037

Total Directors

$94,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW GIDDINGS	FORMER EX DI	40.00	Officer Director	$70,703	$0	$70,703
KERRI L JEFFRIES-MUBAARAK	EXECUTIVE DI	40.00	Officer Director	$23,334	$0	$23,334
ROBI ARCE-MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
ALANAH DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE M SCHEER III	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ALFRED MCQUEEN JR	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE J MCCLINTON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SHERMAN	PERMANENT DI	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
2022	$274,142	$385,511	$484,606	$-111,369
2021	$348,479	$368,035	$644,248	$-19,556
2020	$229,917	$324,576	$758,408	$-94,659
2019	$287,452	$360,126	$711,175	$-72,674
2018	$279,454	$326,423	$788,806	$-46,969

ELSEWHERE INC