CULTURESOURCE (EIN 261476029) - 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

OMARI RUSH

Phone

3138311151

Tax Period

2024-01-01 to 2024-12-31

CULTURESOURCE, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 67% operating deficit.

Mission

CULTURESOURCE ADVANCES CREATIVE AND CULTURAL EXPRESSION IN SOUTHEAST MICHIGAN.

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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 $3,016,231

Program Service Revenue $48,786

Investment Income $58,237

Other Revenue $0

TOTAL REVENUE $3,123,254

Expense Breakdown

Grants Paid $2,925,000

Salaries & Benefits $1,224,614

Fundraising Expenses $178,056

Program Expenses $4,644,586

Other Expenses $1,071,073

TOTAL EXPENSES $5,220,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,123,254	$6,112,731	-0.5%
Expenses	$5,220,687	$2,483,737	+1.1%
Net Income	$-2,097,433	$3,628,994	-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

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

$194,308

Total Directors

$194,308

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OMARI RUSH	EXECUTIVE DI	40.00	Officer Director	$194,308	$0	$194,308
ELLIOTT BROOM	DIRECTOR	1.00	Director	$0	$0	$0
AFA DWORKIN	SECRETARY	1.00	Officer Director	$0	$0	$0
TIFFANY FORD	DIRECTOR	1.00	Director	$0	$0	$0
PHIL GILCHRIST	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE JAMES	TREASURER	1.00	Officer Director	$0	$0	$0
PETER KATZ	DIRECTOR	1.00	Director	$0	$0	$0
TOM LEWAND	DIRECTOR	1.00	Director	$0	$0	$0
BRENT OTT	CHAIR	1.00	Officer Director	$0	$0	$0
ANGELIQUE POWER	DIRECTOR	1.00	Director	$0	$0	$0
PETER ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
OLGA STELLA	DIRECTOR	1.00	Director	$0	$0	$0
DELASHEA STRAWDER	DIRECTOR	1.00	Director	$0	$0	$0
KYLEE MITCHELL WELLS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK WILLINGHAM	DIRECTOR	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	$3,123,254	$5,220,687	$5,793,536	$-2,097,433
2023	$6,112,731	$2,483,737	$7,554,281	$3,628,994
2022	$3,714,612	$2,855,065	$4,083,247	$859,547
2021	$2,825,503	$1,439,351	$3,009,357	$1,386,152
2020	$1,544,891	$1,099,955	$1,823,136	$444,936
2019	$809,549	$881,883	$1,372,077	$-72,334
2018	$1,030,688	$720,720	$1,843,925	$309,968

CULTURESOURCE