TWELFTH AVENUE ARTS ASSOCIATION (EIN 461303364) - 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

2012

Legal Domicile

Principal Officer

CHRIS PERSONS

Phone

2063297303

Tax Period

2023-01-01 to 2023-12-31

TWELFTH AVENUE ARTS ASSOCIATION, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO SUPPORT AND ASSIST IN THE MISSION OF COMMUNITY ROOTS HOUSING BY OBTAINING BENEFICIAL FINANCING TO STRENGTHEN AND ENRICH THE CAPITOL HILL COMMUNITY.

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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 $1,123,733

Investment Income $0

Other Revenue $2,490

TOTAL REVENUE $1,126,223

Expense Breakdown

Grants Paid $485,516

Salaries & Benefits $2,920

Fundraising Expenses $0

Program Expenses $1,553,910

Other Expenses $1,098,501

TOTAL EXPENSES $1,586,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,126,223	$1,120,401	+0.0%
Expenses	$1,586,937	$1,030,088	+0.5%
Net Income	$-460,714	$90,313	-6.1%

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

$403,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BRECKENRIDGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK ALVARADO III	VICE PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
ERIC SNOW	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB FIKSO	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PERSONS	CEO	0.10	Officer	$0	$18,473	$258,340
LESLIE WOODWORTH	CFO	0.10	Officer	$0	$16,250	$145,513

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	$1,126,223	$1,586,937	$17,703,781	$-460,714
2022	$1,120,401	$1,030,088	$18,282,498	$90,313
2021	$962,199	$1,235,141	$18,347,858	$-272,942
2020	$17,887,871	$1,018,479	$18,721,053	$16,869,392
2019	$581,282	$1,179,349	$18,624,040	$-598,067
2018	$581,002	$933,591	$19,581,727	$-352,589

TWELFTH AVENUE ARTS ASSOCIATION