HIP-HOP THEATER FESTIVAL INC DBA Hi-ARTS

EIN: 421642691 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$1,197,487
Total Expenses
$1,150,735
Total Assets
$494,231
Net Assets
$449,102
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
Principal Officer
AARON MCKINNEY
Phone
7184974282
Tax Period
2024-07-01 to 2025-06-30

HIP-HOP THEATER FESTIVAL INC DBA Hi-ARTS, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 4% surplus.

Mission

HI-ARTS IS DEDICATED TO ADVANCING URBAN ART BY EMPOWERING ARTISTS TO DEVELOP BOLD NEW WORKS OF PERFORMANCE AND VISUAL ART THAT CREATE A LASTING AND POSITIVE IMPACT ON URBAN COMMUNITIES.

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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 $865,997
Program Service Revenue $325,117
Investment Income $29
Other Revenue $6,344
TOTAL REVENUE $1,197,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $555,168
Fundraising Expenses $182,957
Program Expenses $635,876
Other Expenses $595,567
TOTAL EXPENSES $1,150,735

Year-over-Year Comparison

2024 2023 Change
Revenue $1,197,487 $1,079,899 +0.1%
Expenses $1,150,735 $893,251 +0.3%
Net Income $46,752 $186,648 -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

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Governance

Voting Members
8
Independent Members
8
Employees
12
Volunteers
N/A

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
4
$115,676
Total Directors
9
$115,676
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON MCKINNEY President/Direc 40.00
Officer Director
$100,750 $14,926 $115,676
CONSTANCE MORTELL Board Member 2.00
Director
$0 $0 $0
REGINALD BOOKER Director 2.00
Director
$0 $0 $0
REGINA CHAN Board Treasurer 2.50
Officer Director
$0 $0 $0
LAUREN DEGEORGE Board Member 2.00
Director
$0 $0 $0
DAVID G LUTHER JR Board Member 2.00
Director
$0 $0 $0
FARRAH HOLDER Board Member 2.00
Director
$0 $0 $0
SARAH KEECH Chair 2.50
Officer Director
$0 $0 $0
ZENOBIA LOCKHART Secretary 2.50
Officer 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 $1,197,487 $1,150,735 $494,231 $46,752
2024 $1,079,899 $893,251 $501,851 $186,648
2023 $639,660 $923,591 $763,576 $-283,931
2022 $1,114,723 $767,671 $914,705 $347,052
2021 $864,743 $510,734 $516,595 $354,009
2020 $538,389 $482,228 $204,934 $56,161
2019 $545,632 $481,298 $112,690 $64,334
2018 $321,633 $396,530 $71,235 $-74,897
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