ETA CREATIVE ARTS FOUNDATION (EIN 237157694) - 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

1971

Legal Domicile

Principal Officer

KENYA THOMAS

Phone

7737523955

Tax Period

2023-01-01 to 2023-12-31

ETA CREATIVE ARTS FOUNDATION INC, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $236K in total revenue in fiscal year 2018. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $369K exceeded revenue, resulting in a 56% operating deficit.

Mission

THEATRICAL PERFORMANCES FOR THE GENERAL PUBLIC.

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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 $176,003

Program Service Revenue $62,290

Investment Income $7,078

Other Revenue $3,693

TOTAL REVENUE $249,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,171

Fundraising Expenses $0

Program Expenses $180,926

Other Expenses $317,142

TOTAL EXPENSES $399,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,064	$158,445	+0.6%
Expenses	$399,313	$499,454	-0.2%
Net Income	$-150,249	$-341,009	-0.6%

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

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REQUEL GIBSON	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
DORRETTA EVANS PARKER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MARKENA PEAVY	DIRECTOR	5.00	Director	$0	$0	$0
FERNANDO JONES	DIRECTOR	5.00	Director	$0	$0	$0
KENYA THOMAS	EXECUTIVE DIRECTOR	40.00	Officer	$75,000	$0	$75,000

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	No data	No data	No data	No data
2023	$249,064	$399,313	$4,131,966	$-150,249
2022	$158,445	$499,454	$3,678,838	$-341,009
2021	$607,383	$366,146	$4,181,972	$241,237
2020	$180,517	$416,026	$4,440,946	$-235,509
2019	$156,759	$444,364	$4,578,064	$-287,605
2018	$236,110	$368,618	$4,759,408	$-132,508

ETA CREATIVE ARTS FOUNDATION