Living Arts of Tulsa Inc (EIN 237394502) - 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

1970

Legal Domicile

Principal Officer

Jessica Dewey

Phone

9185851234

Tax Period

2024-07-01 to 2025-06-30

Living Arts of Tulsa Inc, founded in 1970, is a small nonprofit that reported $455K in total revenue in fiscal year 2024.

Mission

Living Arts presents and develops critically-engaged contemporary art in Tulsa, OK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $288,223

Program Service Revenue $80,878

Investment Income $0

Other Revenue $85,416

TOTAL REVENUE $454,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,147

Fundraising Expenses $45,832

Program Expenses $360,474

Other Expenses $326,888

TOTAL EXPENSES $498,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$454,517	$468,928	0.0%
Expenses	$498,035	$532,290	-0.1%
Net Income	$-43,518	$-63,362	-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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Franco	President	1.00	Officer Director	$0	$0	$0
Lucia Carballo Oberle	Vice President	1.00	Officer Director	$0	$0	$0
Candacee White	Secretary	1.00	Officer Director	$0	$0	$0
Tony Balenti	Treasurer	1.00	Officer Director	$0	$0	$0
Mery McNett	Member	1.00	Director	$0	$0	$0
Karl Jones	Member	1.00	Director	$0	$0	$0
Jessica Dewey	Executive Director	40.00	Officer	$60,000	$0	$60,000

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
2025	$454,517	$498,035	$142,549	$-43,518
2024	$468,928	$532,290	$179,272	$-63,362
2023	$468,000	$504,436	$228,185	$-36,436
2022	$637,544	$562,801	$266,577	$74,743
2021	$579,379	$424,819	$211,217	$154,560
2020	$400,817	$389,376	$60,781	$11,441
2019	$466,099	$458,974	$53,659	$7,125

Living Arts of Tulsa Inc