HOUSTON CINEMA ARTS SOCIETY

EIN: 300507986 501(c)(3) Arts, Culture & Humanities

HOUSTON, TX

Total Revenue
$274,179
Total Expenses
$395,083
Total Assets
$207,551
Net Assets
$160,996
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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
2008
Legal Domicile
TX
Principal Officer
KATHERINE CREEGGAN-RIOS
Phone
7134290420
Tax Period
2024-07-01 to 2024-12-31

HOUSTON CINEMA ARTS SOCIETY, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $274K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $395K exceeded revenue, resulting in a 44% operating deficit.

Mission

HOUSTON CINEMA ARTS SOCIETY PRESENTS INNOVATIVE CINEMATIC EXPERIENCES TO DIVERSE AUDIENCES.

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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 $218,686
Program Service Revenue $55,390
Investment Income $103
Other Revenue $0
TOTAL REVENUE $274,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,333
Fundraising Expenses $10,681
Program Expenses $350,990
Other Expenses $319,830
TOTAL EXPENSES $395,083

Year-over-Year Comparison

2024 2023 Change
Revenue $274,179 $525,843 -0.5%
Expenses $395,083 $448,875 -0.1%
Net Income $-120,904 $76,968 -2.6%
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
19
Independent Members
19
Employees
3
Volunteers
50

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
5
$92,943
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT BALLESTEROS MEMBER 1.00
Director
$0 $0 $0
DENISE BATES MEMBER 1.00
Director
$0 $0 $0
SHAWN COLLIER MEMBER 1.00
Director
$0 $0 $0
KAREN FANG MEMBER 1.00
Director
$0 $0 $0
RICK FERGUSON MEMBER 1.00
Director
$0 $0 $0
FLEURETTE FERNANDO MEMBER 1.00
Director
$0 $0 $0
KELLY FOREMAN MEMBER 1.00
Director
$0 $0 $0
BERNARD BUN B FREEMAN MEMBER 1.00
Director
$0 $0 $0
MILES HARPER MEMBER 1.00
Director
$0 $0 $0
DELICIA HARVEY MEMBER 1.00
Director
$0 $0 $0
MARIAN LUNTZ MEMBER 1.00
Director
$0 $0 $0
CYNTHIA PETRELLO MEMBER 1.00
Director
$0 $0 $0
JUSTICE TIRAPELLI-JAMAIL MEMBER 1.00
Director
$0 $0 $0
MARK WAWRO MEMBER 1.00
Director
$0 $0 $0
VICKY WIGHT MEMBER 1.00
Director
$0 $0 $0
STEVEN OWSLEY PRESIDENT + INTERIM CHAIR 10.00
Officer Director
$0 $0 $0
LAURENCE UNGER TREASURER 3.00
Officer Director
$0 $0 $0
MAUREEN MCNAMARA SECRETARY 2.00
Officer Director
$0 $0 $0
FRANCI NEELY FOUNDER/CHAIR EMERITUS 5.00
Officer Director
$0 $0 $0
KATHERINE CREEGGAN-RIOS EXECUTIVE DIRECTOR 40.00
Officer
$92,943 $0 $92,943
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 $274,179 $395,083 $207,551 $-120,904
2024 $525,843 $448,875 $287,685 $76,968
2023 $451,770 $469,244 $210,186 $-17,474
2022 $430,784 $459,645 $226,074 $-28,861
2021 $418,598 $340,177 $253,910 $78,421
2020 $495,889 $528,861 $199,615 $-32,972
2019 $546,661 $711,670 $207,817 $-165,009
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