EMERGENT ARTS (EIN 263230607) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

ERIN E HOLLIDAY

Phone

5016550836

Tax Period

2024-01-01 to 2024-12-31

EMERGENT ARTS, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $161K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $143K left a modest 12% surplus.

Mission

Emergent Arts fosters creativity among emerging artists of all ages and abilities in Garland County and surrounding communities.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $98,605

Program Service Revenue $44,628

Investment Income $144

Other Revenue $17,834

TOTAL REVENUE $161,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,707

Fundraising Expenses $5,800

Program Expenses $81,974

Other Expenses $85,898

TOTAL EXPENSES $142,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,211	$106,426	+0.5%
Expenses	$142,605	$128,704	+0.1%
Net Income	$18,606	$-22,278	-1.8%

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

Key Employees

$26,940

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN HOLLIDAY	EXECUTIVE DIRECTOR	035.00	Key Emp Highest	$26,940	$0	$26,940
KAREN HOLCOMB	PRESIDENT	001.00	Officer Director	$0	$0	$0
JEAN LACEFIELD	TREASURER	002.00	Officer Director	$0	$0	$0
DAVID REAGAN	PAST PRESIDENT	001.00	Director	$0	$0	$0
CARLA MOUTON	SECRETARY	002.00	Officer Director	$0	$0	$0
DEBORAH GRIFFIN	DIRECTOR	001.00	Director	$0	$0	$0
NAN CAMERON	DIRECTOR	001.00	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	$161,211	$142,605	$67,589	$18,606

EMERGENT ARTS