AVOKADO ARTISTS INC

EIN: 271186623 501(c)(3) Arts, Culture & Humanities

PLACITAS, NM

Total Revenue
$236,815
Total Expenses
$228,611
Total Assets
$121,418
Net Assets
$121,418
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NM
Principal Officer
THOMAS FROUGE
Phone
5057713166
Tax Period
2024-01-01 to 2024-12-31

AVOKADO ARTISTS INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $237K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $229K left a modest 3% surplus.

Mission

OUR MISSION IS TO FOSTER CROSS-CULTURAL UNDERSTANDING THROUGH CULTIVATION, PROMOTION, PRESENTATION AND PRESERVAION OF CULTURALLY SIGNIFICANT ARTISTS AND THEIR WORKS FROM AROUND THE GLOBE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $134,154
Program Service Revenue $102,661
Investment Income $0
Other Revenue $0
TOTAL REVENUE $236,815

Expense Breakdown

Grants Paid $0
Salaries & Benefits $48,891
Fundraising Expenses $2,612
Program Expenses $220,255
Other Expenses $179,720
TOTAL EXPENSES $228,611

Year-over-Year Comparison

2024 2023 Change
Revenue $236,815 $138,821 +0.7%
Expenses $228,611 $116,513 +1.0%
Net Income $8,204 $22,308 -0.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
120

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
3
$45,417
Total Directors
3
$45,417
Key Employees
1
$45,417
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS FROUGE PRESIDENT 40.00
Officer Director Key Emp
$45,417 $0 $45,417
JEORGINA LEYVA VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JONATHON LONGCORE SECRETARY 5.00
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 $236,815 $228,611 $121,418 $8,204
2023 $138,821 $116,513 $113,214 $22,308
2022 $214,103 $208,229 $90,906 $5,874
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