TOTTS GAP ARTS INSTITUTE INC (EIN 261239135) - 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

JAMES GLORIA

Phone

6105885817

Tax Period

2020-01-01 to 2020-12-31

TOTTS GAP ARTS INSTITUTE INC, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $41K in total revenue in fiscal year 2020. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $51K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE INSTITUTE IS A CENTER FOR CREATIVE OPPORTUNITY,OFFERING CLASSES IN THE FINE PERFORMING ARTS PROVIDING STUDIO SPACE TO WORKING ARTISTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $21,591

Program Service Revenue $0

Investment Income $11,362

Other Revenue $7,630

TOTAL REVENUE $40,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,741

Fundraising Expenses $0

Program Expenses $8,991

Other Expenses $38,528

TOTAL EXPENSES $51,269

Year-over-Year Comparison

	2020	2019	Change
Revenue	$40,583	$109,013	-0.6%
Expenses	$51,269	$128,741	-0.6%
Net Income	$-10,686	$-19,728	-0.5%

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

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GLORIA	DIRECTOR	005.00	Director	$6,000	$0	$6,000
MIKE ORTOSKI	BOARD MEMBER	005.00	Director	$0	$0	$0
LOUISE NEAL	BOARD MEMBER	005.00	Director	$0	$0	$0
PASCHAL FOWLKES	BOARD MEMBER	005.00	Director	$0	$0	$0
JAMES MILLER III	BOARD MEMBER	005.00	Director	$0	$0	$0
ROSEMARY KOCHER	BOARD MEMBER	005.00	Director	$0	$0	$0
LISA PAULETTE	PRESIDENT	005.00	Officer	$0	$0	$0
JULIA BUZZARD	VICE PRESIDENT	005.00	Officer	$0	$0	$0
CHARLIE COLE	SECRETARY	005.00	Officer	$0	$0	$0
ANGELINE GLORIA	TREASURER	005.00	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
2020	$40,583	$51,269	$279,448	$-10,686
2019	$109,013	$128,741	$290,942	$-19,728

TOTTS GAP ARTS INSTITUTE INC