CHARLESTON REGIONAL ALLIANCE FOR THE ARTS (EIN 204240088) - 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

2007

Legal Domicile

Principal Officer

NELLA BARKLEY

Phone

8435775288

Tax Period

2018-01-01 to 2018-12-31

CHARLESTON REGIONAL ALLIANCE FOR THE ARTS, founded in 2007, is a micro nonprofit that reported $4K in total revenue in fiscal year 2018. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $26K exceeded revenue, resulting in a 537% operating deficit.

Mission

THE CHARLESTON REGIONAL ALLIANCE FOR THE ARTS IS DEDICATED TO THE SHARED REALIZATION OF A DYNAMIC AND THRIVING ARTS COMMUNITY IN THE CHARLESTON, SC REGION BY PROVIDING NONPROFIT ARTS ORGANIZATIONS WITH RESOURCES AND BEST BUSINESS PRACTICES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $3,507

Program Service Revenue $543

Investment Income $0

Other Revenue $50

TOTAL REVENUE $4,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,829

Fundraising Expenses $682

Program Expenses $4,987

Other Expenses $19,291

TOTAL EXPENSES $26,120

Year-over-Year Comparison

	2018	2017	Change
Revenue	$4,100	$142,064	-1.0%
Expenses	$26,120	$167,618	-0.8%
Net Income	$-22,020	$-25,554	-0.1%

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

$6,344

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER PRICE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CLEMENT	DIRECTOR	1.00	Director	$0	$0	$0
JOHNATHAN GREEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
JON OLSON	DIRECTOR	1.00	Director	$0	$0	$0
LENNA MACDONALD	CHAIR	1.00	Officer	$0	$0	$0
JESSE DOVE	VICE-CHAIR	1.00	Officer	$0	$0	$0
NELLA BARKLEY	TREASURER	1.00	Officer	$0	$0	$0
CELESTE PATRICK	SECRETARY	1.00	Officer	$0	$0	$0
NANCYE STARNES	ARTS FUND CHAIR	1.00	Officer	$0	$0	$0
MIKE GIBBONS	EXECUTIVE DIRECTOR	40.00	Officer	$6,344	$0	$6,344

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
2018	$4,100	$26,120	No data	$-22,020

CHARLESTON REGIONAL ALLIANCE FOR THE ARTS