EQUITY IN THE ARTS FUND (EIN 341832689) - 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

1995

Legal Domicile

Principal Officer

KEISHA GONZALEZ

Phone

2168613810

Tax Period

2023-01-01 to 2023-12-31

EQUITY IN THE ARTS FUND, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $113K in total revenue in fiscal year 2023. Revenue surged 134% from the prior year, signaling strong growth momentum. Expenses of $257K exceeded revenue, resulting in a 126% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, AND TO CARRY OUT THE CHARITABLE AND EDUCATIONAL FUNCTIONS OF THE CLEVELAND FOUNDATION.

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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 $113,467

Other Revenue $0

TOTAL REVENUE $113,467

Expense Breakdown

Grants Paid $214,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $214,000

Other Expenses $42,631

TOTAL EXPENSES $256,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,467	$48,408	+1.3%
Expenses	$256,631	$413,118	-0.4%
Net Income	$-143,164	$-364,710	-0.6%

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

$1,033,328

Total Directors

$666,512

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEISHA GONZALEZ	PRESIDENT	1.00	Officer Director	$0	$39,750	$183,097
LILLIAN KURI	VICE PRESIDENT (UNTIL 3/30/23)	0.50	Officer Director	$0	$50,024	$483,415
LUIS GOMEZ	TRUSTEE	0.50	Director	$0	$0	$0
ZULMA ZABALA	TRUSTEE	0.50	Director	$0	$0	$0
HONEY BELL-BEY	TRUSTEE	0.50	Director	$0	$0	$0
TONY SIAS	TRUSTEE	0.50	Director	$0	$0	$0
DEIDRE MCPHERSON	TRUSTEE	0.50	Director	$0	$0	$0
ANTWOINE WASHINGTON EFF 33023	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN CONWELL EFF 11223	TRUSTEE	0.50	Director	$0	$0	$0
BORIS OICHERMAN	SECRETARY	0.50	Officer	$0	$34,392	$197,841
ANTHONY GATTUSO	TREASURER	0.50	Officer	$0	$42,109	$168,975

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	No data	No data	No data	No data
2023	$113,467	$256,631	$4,652,668	$-143,164
2022	$48,408	$413,118	$4,163,391	$-364,710
2021	$73,224	$46,956	$5,301,425	$26,268
2020	$-20,420	$391,166	$4,754,746	$-411,586

EQUITY IN THE ARTS FUND