RECESS ACTIVITIES INC (EIN 271109399) - 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

Principal Officer

LINDSAY C HARRIS

Phone

5854433586

Tax Period

2024-01-01 to 2024-12-31

RECESS ACTIVITIES INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $647K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 197% operating deficit.

Mission

RECESS PARTNERS WITH ARTISTS AND YOUTH TO BUILD A MORE JUST AND EQUITABLE CREATIVE COMMUNITY.

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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 $584,430

Program Service Revenue $3,000

Investment Income $56,543

Other Revenue $3,342

TOTAL REVENUE $647,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,107,104

Fundraising Expenses $136,658

Program Expenses $1,349,114

Other Expenses $818,384

TOTAL EXPENSES $1,925,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$647,315	$4,264,432	-0.8%
Expenses	$1,925,488	$1,824,203	+0.1%
Net Income	$-1,278,173	$2,440,229	-1.5%

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

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

$250,675

Total Directors

$253,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALCOLM CHE GOSSETT	DIRECTOR	1.00	Director	$3,000	$0	$3,000
WANETT I CLYDE	CHAIR	1.00	Officer Director	$1,650	$0	$1,650
ANTHONINE PIERRE	SECRETARY	1.00	Officer Director	$3,000	$0	$3,000
LACEY LYNCH	TREASURER	1.00	Officer Director	$3,000	$0	$3,000
LINDSAY C HARRIS	EX-OFFICIO / CO-DIRECTOR	40.00	Officer Director	$107,154	$35,223	$142,377
SHAUN LEONARDO THRU 93024	EX-OFFICIO / CO-DIRECTOR	40.00	Officer Director	$72,241	$28,407	$100,648
PAUL KIM	FORMER CHAIR	1.00	Officer Director	$0	$0	$0
MARK HATCH-MILLER	FORMER SECRETARY	1.00	Officer Director	$0	$0	$0
JAN POSTMA	FORMER TREASURER	1.00	Officer 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	$647,315	$1,925,488	$4,473,215	$-1,278,173
2023	$4,264,432	$1,824,203	$5,816,736	$2,440,229
2022	$1,592,889	$1,695,447	$3,378,109	$-102,558
2021	$4,047,332	$2,212,169	$3,059,748	$1,835,163
2020	$952,511	$933,901	$1,062,698	$18,610
2019	$1,346,300	$935,580	$965,626	$410,720
2018	$933,894	$706,859	$539,412	$227,035

RECESS ACTIVITIES INC