Borrego Art Institute (EIN 202491691) - 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

2006

Legal Domicile

Principal Officer

Robert Wright

Phone

7607675152

Tax Period

2023-07-01 to 2024-06-30

Borrego Art Institute, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $418K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $623K exceeded revenue, resulting in a 49% operating deficit.

Mission

Provide a venue for local residents to display art for the education of the community. To provide a learning center for artists of all ages and provide scholarships for the youth of the Borrego 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 (2023)

Revenue Breakdown

Contributions & Grants $182,337

Program Service Revenue $160,398

Investment Income $3,531

Other Revenue $71,257

TOTAL REVENUE $417,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,937

Fundraising Expenses $0

Program Expenses $475,300

Other Expenses $410,596

TOTAL EXPENSES $622,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,523	$536,933	-0.2%
Expenses	$622,533	$690,465	-0.1%
Net Income	$-205,010	$-153,532	+0.3%

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

$32,820

Total Directors

$32,820

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kay Levie	Vice President	28.00	Officer Director	$32,820	$0	$32,820
Jennifer Baker	Director	3.00	Director	$0	$0	$0
Robert Wright	President	5.00	Officer Director	$0	$0	$0
Martha Diechler	Secretary	1.00	Officer Director	$0	$0	$0
Diane Johnson	Director	1.00	Director	$0	$0	$0
Jim Wermers	Treasurer	5.00	Officer Director	$0	$0	$0
Hugh Davies	Director	2.00	Director	$0	$0	$0
Jim Dax	Director	2.00	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
2025	No data	No data	No data	No data
2024	$417,523	$622,533	$1,750,330	$-205,010
2023	$536,933	$690,465	$2,154,305	$-153,532
2022	$673,019	$485,457	$2,321,086	$187,562
2021	$574,523	$436,234	$2,171,701	$138,289
2020	$377,437	$587,905	$2,105,753	$-210,468
2019	$1,034,094	$713,197	$2,262,038	$320,897

Borrego Art Institute