Providence CityArts for Youth Inc (EIN 223258997) - 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

1993

Legal Domicile

Principal Officer

Christina Alderman

Phone

4013655136

Tax Period

2023-10-01 to 2024-09-30

Providence CityArts for Youth Inc, founded in 1993, is a micro nonprofit in the Youth Development sector that reported $24K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8K, a strong 33% operating margin.

Mission

Provide an environment that encourages the exploration and development of artistic talents of youth in the multi-cultural neighborhoods of Providence, Rhode Island.

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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 $23,539

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $23,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $587

Program Expenses $3,023

Other Expenses $15,766

TOTAL EXPENSES $15,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,539	$47,082	-0.5%
Expenses	$15,766	$60,626	-0.7%
Net Income	$7,773	$-13,544	-1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Claudeline Chery	President	4.00	Officer Director	$0	$0	$0
Josselyn Velasquez Florian	Vice President and Secretary	1.00	Officer Director	$0	$0	$0
Christina Alderman	Treasurer	1.00	Officer Director	$0	$0	$0
Mia Thompson	Member	1.00	Director	$0	$0	$0
David Levaillee	Member	1.00	Director	$0	$0	$0
Caitlin Gomes	Member	1.00	Director	$0	$0	$0
Matthew Branch	Member	1.00	Director	$0	$0	$0
Jeannie Castillo-Lapierre	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	$23,539	$15,766	$627,342	$7,773
2023	$47,082	$60,626	$628,107	$-13,544
2022	$161,118	$166,272	$642,691	$-5,154
2021	$168,846	$181,373	$681,505	$-12,527
2020	$143,985	$205,668	$678,569	$-61,683
2019	$170,567	$180,644	$729,530	$-10,077
2018	$338,494	$406,316	$739,171	$-67,822

Providence CityArts for Youth Inc