FOLUKE CULTURAL ARTS CENTER INC (EIN 300158702) - 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

2002

Legal Domicile

Principal Officer

Dava Cansler

Phone

2164323772

Tax Period

2024-01-01 to 2024-12-31

FOLUKE CULTURAL ARTS CENTER INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $217K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring.

Mission

Our mission is to offer exposure to and instruction in the performing arts and arts education for all ages regardless of their religious affiliation or economic background.

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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 $181,548

Program Service Revenue $31,499

Investment Income $0

Other Revenue $4,169

TOTAL REVENUE $217,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,670

Fundraising Expenses $15,752

Program Expenses $107,933

Other Expenses $150,977

TOTAL EXPENSES $215,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,216	$375,344	-0.4%
Expenses	$215,647	$371,972	-0.4%
Net Income	$1,569	$3,372	-0.5%

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

Total Directors

Key Employees

$58,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dava Cansler	Executive Director	40	Key Emp	$30,000	$0	$30,000
Monique Biggers	Administrative Assistant	40	Key Emp	$28,750	$0	$28,750
Sharyse Jones	Board President	4	Officer Director	$0	$0	$0
Siobhan Dupree	Board Treasurer	0	Officer Director	$0	$0	$0
Arnetta Matthews	Board Member	4	Director	$0	$0	$0
Jessica Cheng	Board Member	4	Director	$0	$0	$0
Lisanetta McDade	Board Member	4	Director	$0	$0	$0
Meadow Walker	Board Member	4	Director	$0	$0	$0
Gwendolyn Garth	Board Member	2	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	$217,216	$215,647	$1,569	$1,569
2023	$375,344	$371,972	$3,372	$3,372
2022	$390,882	$297,896	$92,986	$92,986
2021	$207,443	$202,114	$5,329	$5,329
2020	$185,884	$48,153	$137,731	$137,731

FOLUKE CULTURAL ARTS CENTER INC