Living Arts (EIN 431950379) - 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

2002

Legal Domicile

Principal Officer

Kudaja Navarrete

Phone

3138414765

Tax Period

2024-07-01 to 2025-06-30

Living Arts, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $650K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 86% operating deficit.

Mission

Living Arts ignites creativity in the lives of Detroit youth through the performing, visual, and media arts.

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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 (2024)

Revenue Breakdown

Contributions & Grants $466,140

Program Service Revenue $160,849

Investment Income $21,853

Other Revenue $1,567

TOTAL REVENUE $650,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $739,340

Fundraising Expenses $59,575

Program Expenses $1,037,936

Other Expenses $471,434

TOTAL EXPENSES $1,210,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$650,409	$941,680	-0.3%
Expenses	$1,210,774	$1,119,377	+0.1%
Net Income	$-560,365	$-177,697	+2.2%

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

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

$192,854

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Demetrius Shields	President	1.00	Officer Director	$0	$0	$0
Kyona Watts	Vice President	1.00	Officer Director	$0	$0	$0
Andrea Schweitzer	Secretary	1.00	Officer Director	$0	$0	$0
Theodore Christy	Treasurer	1.00	Officer Director	$0	$0	$0
Daniel Cascardo	Director	1.00	Director	$0	$0	$0
James C Hayes	Director	1.00	Director	$0	$0	$0
Jeffrey Phelps	Director	1.00	Director	$0	$0	$0
Andrea Transou	Director	1.00	Director	$0	$0	$0
Kayana Sessoms	Director	1.00	Director	$0	$0	$0
Laura Scales	Executive Director	40.00	Officer	$98,673	$11,871	$110,544
Julie Brunzell	CFO	40.00	Officer	$80,696	$1,614	$82,310

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	$650,409	$1,210,774	$815,499	$-560,365
2024	$941,680	$1,119,377	$1,238,668	$-177,697
2023	$884,447	$930,849	$1,374,548	$-46,402
2022	$804,316	$729,247	$1,448,129	$75,069
2021	$770,373	$709,841	$1,432,536	$60,532
2020	$624,265	$961,358	$1,365,110	$-337,093
2019	$1,687,486	$901,272	$1,621,045	$786,214
2018	$1,099,018	$896,566	$837,982	$202,452

Living Arts