TEXAN-FRENCH ALLIANCE FOR THE ARTS

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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

2004

Legal Domicile

Principal Officer

SCOTT LATULIPE

Phone

7138222060

Tax Period

2023-01-01 to 2023-12-31

TEXAN-FRENCH ALLIANCE FOR THE ARTS, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $330K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $386K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROMOTION OF ARTISTIC AND CULTURAL EXCHANGES AND EDUCATIONAL PROGRAMS BETWEEN TEXAS AND FRANCE.

Program Service Accomplishments

Program 1

Expenses: $342,773

THE ORGANIZATION STRIVES TO BRIDGE CULTURES, COMMUNITIES AND ART, AND IS DEDICATED TO INCREASING APPRECIATION OF ARTISTIC, CULTURAL, AND EDUCATIONAL PROGRAMS BETWEEN THE TEXAN AND FRENCH CULTURES. WE IMPLEMENT LOCAL AND INTERNATIONAL, MULTI-DISCIPLINARY, COLLABORATIVE PROJECTS THAT CONSISTENTLY RESPOND TO INDENTIFIED NEEDS IN THE COMMUNITY AND HAVE RELEVANT, LONG TERM POSITIVE IMPACTS ON THE CITY AS A WHOLE. THE ORGANIZATION DOES THIS BY PROVIDING SUCH PROGRAMS THROUGHOUT THE YEAR. WITH COLLABORATIVE PROGRAMS, WORKS OF ART AND EVENTS, WE SEEK TO BREAK DOWN SOCIAL BARRIERS AND CULTURAL STEREOTYPES WHILE FOCUSING ON INTERCULTURAL UNDERSTANDING.

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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 $329,892

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $329,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,999

Fundraising Expenses $0

Program Expenses $342,773

Other Expenses $301,910

TOTAL EXPENSES $385,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,894	$373,186	-0.1%
Expenses	$385,909	$272,858	+0.4%
Net Income	$-56,015	$100,328	-1.6%

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

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

$83,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARINE-PARKER LEMOYNE	EXECUTIVE DIRECTOR	45.00	Director	$83,999	$0	$83,999
MICHAEL HENRY	CHAIRMAN	1.00	Director	$0	$0	$0
VALERIE BARABAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
BETTINA GARDELLES	BOARD MEMBER	1.00	Director	$0	$0	$0
AURAGNI JEANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
YVONAMOR PALIX	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER ADOTEVI	BOARD MEMBER	1.00	Director	$0	$0	$0
NIKKI SUAREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
THIERRY SIMIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT LATULIPE	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL FLORES	BOARD MEMBER	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
2023	$329,894	$385,909	$90,837	$-56,015
2022	$373,186	$272,858	$146,852	$100,328
2021	$143,437	$188,187	$46,524	$-44,750
2020	$236,313	$206,580	$91,274	$29,733
2019	$289,290	$367,787	$61,541	$-78,497
2018	$309,293	$277,669	$140,038	$31,624