CORSICANA ARTIST AND WRITER RESIDENCY (EIN 301001605) - 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

2017

Legal Domicile

Principal Officer

JAMES SULLIVAN

Phone

4806770928

Tax Period

2023-01-01 to 2023-12-31

CORSICANA ARTIST AND WRITER RESIDENCY, founded in 2017, is a small nonprofit in the Education sector that reported $218K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $92K, a strong 42% operating margin.

Mission

THE ORGANIZATION ADVANCES THE PRODUCTION AND PRESENTATION OF NEW WORK AND IDEAS BY A NATIONAL AND INTERNATIONAL COMMUNITY OF ARTISTS AND WRITERS BY PROVIDING AN ARENA OF GENEROUS SUPPORT AND HISTORIC SPACE ENRICHED BY THE LOCAL LEGACIES AND COMMUNITY OF CORSICANA, TEXAS.

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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 $197,281

Program Service Revenue $7,980

Investment Income $10,551

Other Revenue $2,634

TOTAL REVENUE $218,446

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $31,200

Fundraising Expenses $6,725

Program Expenses $91,756

Other Expenses $91,725

TOTAL EXPENSES $126,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,446	$194,921	+0.1%
Expenses	$126,925	$142,030	-0.1%
Net Income	$91,521	$52,891	+0.7%

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

$33,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE HOBRATSCHK	EXECUTIVE DI	30.00	Officer	$33,800	$0	$33,800
HELEN ALBRITTON	DIRECTOR/SEC	3.00	Officer Director	$0	$0	$0
LAURA ELCOCK	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE LICHLITER-HINES	DIRECTOR	1.00	Director	$0	$0	$0
JED MORSE	DIRECTOR	1.00	Director	$0	$0	$0
JIM PANNELL	DIRECTOR/TRE	3.00	Officer Director	$0	$0	$0
JAMES SULLIVAN	DIRECTOR/PRE	10.00	Officer Director	$0	$0	$0
SALLY WARREN	DIRECTOR/VIC	3.00	Officer Director	$0	$0	$0
RUBY WILLIAMS	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	$218,446	$126,925	$195,177	$91,521
2022	$194,921	$142,030	$97,567	$52,891

CORSICANA ARTIST AND WRITER RESIDENCY