INSTITUTE FOR ARTS AND CULTURE INC (EIN 271021162) - 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

2009

Legal Domicile

Phone

4154313161

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE FOR ARTS AND CULTURE INC, founded in 2009, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 74% operating deficit.

Mission

PROVIDE CULTURAL AND EDUCATIONAL SERVICES TO THE PUBLIC BY PROVIDING GRADES 6-12 EDUCATION WITH BOTH ACADEMIC AND ARTISTIC TRAINING.

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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 $32,900

Program Service Revenue $2,008,816

Investment Income $10,716

Other Revenue $0

TOTAL REVENUE $2,052,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $805,547

Fundraising Expenses $0

Program Expenses $3,572,359

Other Expenses $2,766,812

TOTAL EXPENSES $3,572,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,052,432	$2,731,025	-0.2%
Expenses	$3,572,359	$2,442,233	+0.5%
Net Income	$-1,519,927	$288,792	-6.3%

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

N/A

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

$48,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHALINA FUNG	Secretary	20.00	Officer	$48,000	$0	$48,000
XUE RONG ZHANG	President	25.00	Officer	$0	$0	$0
HONG WEI LOU	Treasurer	35.00	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
2024	$2,052,432	$3,572,359	$7,768,517	$-1,519,927
2023	$2,731,025	$2,442,233	$9,454,291	$288,792
2022	$2,257,534	$2,019,981	$7,852,075	$237,553
2021	$2,719,713	$1,957,672	$8,229,396	$762,041
2020	$1,299,152	$1,444,630	$7,527,511	$-145,478
2019	$1,239,497	$1,382,330	$7,213,183	$-142,833
2018	$1,198,942	$1,299,903	$7,539,912	$-100,961

INSTITUTE FOR ARTS AND CULTURE INC