NEW CITY ARTS INITIATIVE INC (EIN 271865371) - 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

2009

Legal Domicile

Principal Officer

EMILY HAGAN LAZARO

Phone

4342025277

Tax Period

2022-07-01 to 2023-06-30

NEW CITY ARTS INITIATIVE INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $204K in total revenue in fiscal year 2017.

Mission

WE ENVISION THE CHARLOTTESVILLE AREA AS A PLACE WHERE A THRIVING GROUP OF LOCAL ARTISTS UNSETTLES AND TRANSFORMS OUR COMMUNITY TO WORK TOWARD A MORE JUST, BEAUTIFUL FUTURE. NEW CITY ARTS INITIATIVE (NCAI) BRINGS TOGETHER LOCAL CREATORS AND THE LOCAL COMMUNITY TO SPARK CONNECTION, INQUIRY, AND SOCIAL TRANSFORMATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $306,900

Program Service Revenue $25,469

Investment Income $611

Other Revenue $-14,863

TOTAL REVENUE $318,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,497

Fundraising Expenses $8,889

Program Expenses $233,501

Other Expenses $106,780

TOTAL EXPENSES $279,277

Year-over-Year Comparison

	2022	2021	Change
Revenue	$318,117	$294,981	+0.1%
Expenses	$279,277	$258,970	+0.1%
Net Income	$38,840	$36,011	+0.1%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY HAGAN LAZARO	CHAIR	2.00	Officer Director	$0	$0	$0
BRITTANY FAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRED MISSEL	TREASURER	1.00	Officer Director	$0	$0	$0
MAEGAN MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
AIYANA MARCUS	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK J WALLER	DIRECTOR	1.00	Director	$0	$0	$0
JAE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET BRYER	DIRECTOR	1.00	Director	$0	$0	$0
KORI PRICE	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$318,117	$279,277	$199,592	$38,840
2022	$294,981	$258,970	$162,356	$36,011
2021	$173,445	$200,828	$122,945	$-27,383
2020	$237,732	$220,411	$168,896	$17,321
2019	$217,513	$191,355	$132,356	$26,158
2018	$203,602	$202,948	$107,370	$654

NEW CITY ARTS INITIATIVE INC