AVENIDA DE COLORES INC CHALK FESTI… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

DENISE KOWAL

Phone

9413744790

Tax Period

2023-01-01 to 2023-12-31

Mission

THE ORGANIZATION PROVIDES AN OPPORTUNITY FOR ALL STREET PAINTERS TO PRACTICE THEIR ART BY HOLDING AN ANNUAL CHALK FESTIVAL - A CELEBRATION OF STREET PAINTING THAT IS A 400 YEAR OLD EUROPEAN TRADITION. THE FESTIVAL IS AN INTERACTIVE PERFORMANCE CULTURAL ART EVENT WHERE HUNDREDS OF ARTISTS CREATE MUSEUM QUALITY ARTWORK USING THE CITY STREETS AS THEIR CANVAS. ESTIMATED ATTENDANCE TO THE FESTIVAL IS 80,000 PEOPLE. IN ADDITION, THE ORGANIZATION SPONSORS AND PROMOTES THIS ART FORM THROUGHOUT THE YEAR.

Program Service Accomplishments

Program 1

Expenses: $49,524

THE ORGANIZATION PROVIDES AN OPPORTUNITY FOR ALL STREET PAINTERS TO PRACTICE THEIR ART BY HOLDING AN ANNUAL CHALK FESTIVAL - A CELEBRATION OF STREET PAINTING THAT IS A 400 YEAR OLD EUROPEAN...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $-84

Fundraising Expenses $0

Program Expenses $49,524

Other Expenses $58,524

TOTAL EXPENSES $58,440

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$588,036	-1.0%
Expenses	$58,440	$702,723	-0.9%
Net Income	N/A	$-114,687	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE C KOWAL	PRESIDENT	30.00	Officer Director	$0	$0	$0
DOUGLAS JOHN HENRY	SECRETARY	15.00	Officer Director	$0	$0	$0
CAROLE HENRY	DIRECTOR	10.00	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
2023	No data	$58,440	$17,012	No data
2022	$588,036	$702,723	$59,451	$-114,687
2022	$588,036	$702,723	$59,451	$-114,687
2021	$124,824	$84,779	$130,468	$40,045
2020	$51,302	$162,319	$90,448	$-111,017
2019	$518,908	$546,373	$57,668	$-27,465

AVENIDA DE COLORES INC CHALK FESTIVAL