COMMUNITY ARTS INC (EIN 237418863) - 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

1974

Legal Domicile

Principal Officer

MICHAEL LERNER

Phone

4156481989

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY ARTS INC, founded in 1974, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $15K in total revenue in fiscal year 2024. Revenue surged 711% from the prior year, signaling strong growth momentum. Expenses of $31K exceeded revenue, resulting in a 109% operating deficit.

Mission

THE MAINT PURPOSE IS TO FOSTER PUBLIC ARTS AND CULTURAL EDUCATION. IT IS TO DEVELOP CULTURAL AND EDUCATION PROGRAMS IN ACCESSIBLE PUBLC SPACES SUCH AS AIRPORTS, HOSPITALS,OR OFFICE BUILDINGS.

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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 $0

Program Service Revenue $14,848

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,974

Other Expenses $30,974

TOTAL EXPENSES $30,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,848	$1,830	+7.1%
Expenses	$30,974	$124,218	-0.8%
Net Income	$-16,126	$-122,388	-0.9%

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

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
STEPHEN GOLDSTINE	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL LERNER	TREASURER	40.00	Officer	$0	$0	$0
ELSA CAMERON	EXE DIRECTOR	30.00	Officer	$0	$0	$0
JAMES MCDONALD	DIRECTOR	2.00	Director	$0	$0	$0
HITOSHI SASAKI	DIRECTOR	2.00	Director	$0	$0	$0
DIANE BALTER	SECRETARY	2.00	Officer	$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	$14,848	$30,974	$24,279	$-16,126
2023	$1,830	$124,218	$40,405	$-122,388
2022	$87,128	$173,697	$162,433	$-86,569
2021	$133,316	$52,098	$248,918	$81,218
2020	$172,394	$91,030	$167,700	$81,364
2019	$100,649	$200,072	$86,336	$-99,423
2018	$172,596	$192,375	$185,977	$-19,779

COMMUNITY ARTS INC