Garage Cultural (EIN 453952984) - 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

Amelia Duran

Phone

3134757414

Tax Period

2024-01-01 to 2024-12-31

Garage Cultural, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $503K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $187K, a strong 37% operating margin.

Mission

TO CREATE AND OPERATE A SELF-SUSTAINING HUB THAT WILL FULFILL ITS VISION OF PROVIDING A VARIETY OF ARTISTIC OUTLETS, CULTURAL AND COMMUNITY EVENTS, AND EDUCATIONAL PROGRAMMING FOR RESIDENTS AND MEMBERS

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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 $305,296

Program Service Revenue $198,183

Investment Income $0

Other Revenue $0

TOTAL REVENUE $503,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,078

Fundraising Expenses $0

Program Expenses $202,047

Other Expenses $276,094

TOTAL EXPENSES $316,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$503,479	$751,407	-0.3%
Expenses	$316,172	$159,389	+1.0%
Net Income	$187,307	$592,018	-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

$16,078

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amelia Duran	Executive Director	10.00	Director	$24,000	$0	$24,000
Vania Ruiz	President	5.00	Officer	$0	$0	$0
Gabriel Herrera-Duran	Vice President	5.00	Officer	$16,078	$0	$16,078
Assia Likomanov	Treasurer	2.00	Officer	$0	$0	$0
Rebeca Maxon	Secretary	2.00	Officer	$0	$0	$0
Lydia Chouinard	Board Member	2.00	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
2024	$503,479	$316,172	$1,417,801	$187,307
2023	$751,407	$159,389	$1,233,591	$592,018
2022	$489,833	$165,168	$668,055	$324,665
2020	$223,341	$51,778	$338,041	$171,563

Garage Cultural