Positively Arts (EIN 452847061) - 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

2014

Legal Domicile

Principal Officer

PILITA SIMPSON

Tax Period

2024-01-01 to 2024-12-31

Positively Arts, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $644K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $749K exceeded revenue, resulting in a 16% operating deficit.

Mission

POSITIVELY ARTS IS A 501C3 NON-PROFIT ORGANIZATION DEDICATED TO USING THE ARTS TO EMPOWER,EDUCATE AND HEAL YOUNG PEOPLE FROM ALL BACKGROUNDS IN SOUTHERN NEVADA

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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 $265,366

Program Service Revenue $376,981

Investment Income $0

Other Revenue $1,370

TOTAL REVENUE $643,717

Expense Breakdown

Grants Paid $9,370

Salaries & Benefits $67,268

Fundraising Expenses $45,850

Program Expenses $605,682

Other Expenses $672,050

TOTAL EXPENSES $748,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$643,717	$729,648	-0.1%
Expenses	$748,688	$711,748	+0.1%
Net Income	$-104,971	$17,900	-6.9%

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

$62,583

Total Directors

$62,583

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PILITA SIMPSON	CEO	40.00	Officer Director	$62,583	$0	$62,583
ALANA KOHL	Chairman	2.00	Officer Director	$0	$0	$0
YINGHUA CHEN	Director	1.00	Officer Director	$0	$0	$0
MICHELLE GUYOT	Secretary	2.00	Officer Director	$0	$0	$0
TIMOTHY REVERO	Director	1.00	Director	$0	$0	$0
KARI GOLDEN	Director	1.00	Director	$0	$0	$0
JOANNA JOHNSTON	Treasurer	1.00	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
2024	$643,717	$748,688	$146,247	$-104,971
2023	$729,648	$711,748	$253,182	$17,900
2022	$432,108	$360,182	$363,473	$71,926
2021	$198,898	$156,400	$103,049	$42,498

Positively Arts