CAFA-THIRD HORIZON INC (EIN 463785257) - 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

2019

Legal Domicile

Principal Officer

ROMOLA LUCAS

Phone

3479153703

Tax Period

2024-01-01 to 2024-12-31

CAFA-THIRD HORIZON INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $708K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $671K left a modest 5% surplus.

Mission

THIRD HORIZON IS DEDICATED TO DEVELOPING, PRODUCING, EXHIBITING AND DISTRIBUTING FILM AND OTHER ART FORMS THAT GIVE VOICE TO STORIES OF THE CARIBBEAN, ITS DIASPORA AND OTHER MARGINALIZED AND UNDERREPRESENTED SPACES IN THE GLOBAL SOUTH.

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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 $665,469

Program Service Revenue $42,860

Investment Income $0

Other Revenue $0

TOTAL REVENUE $708,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,530

Fundraising Expenses $48,850

Program Expenses $423,302

Other Expenses $445,146

TOTAL EXPENSES $670,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$708,329	$602,230	+0.2%
Expenses	$670,526	$519,174	+0.3%
Net Income	$37,803	$83,056	-0.5%

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

$173,779

Total Directors

$176,529

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROMOLA LUCAS	EXECUTIVE DIRECTOR	30.00	Officer Director	$74,498	$0	$74,498
JONATHAN ALI	PROGRAM DIRECTOR	12.00	Officer Director	$36,500	$0	$36,500
NICOLE HECTOR-JACKMAN	DISTRIBUTION DIRECTOR	12.00	Officer Director	$20,090	$0	$20,090
YAPHET JACKMAN	PRODUCTION DIRECTOR	12.00	Officer Director	$20,073	$0	$20,073
THEMBA BHEBHE	BOARD DIRECTOR	4.00	Officer Director	$9,703	$0	$9,703
CHLOE WALTERS-WALLACE	BOARD SECRETARY	1.00	Officer Director	$8,915	$0	$8,915
KEISHA RAE-WITHERSPOON	VICE CHAIRPERSON	1.00	Officer Director	$4,000	$0	$4,000
JASON F JEFFERS	CHAIRPERSON	8.00	Director	$2,750	$0	$2,750
LAUREN MONZON	BOARD DIRECTOR	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	$708,329	$670,526	$367,677	$37,803
2023	$602,230	$519,174	$322,774	$83,056
2022	$432,501	$538,372	$240,118	$-105,871
2021	$197,884	$342,860	$345,589	$-144,976
2020	$561,139	$118,785	$490,405	$442,354

CAFA-THIRD HORIZON INC