New Hope Arts Inc (EIN 470856996) - 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

Laurence D Keller

Phone

2158629606

Tax Period

2023-01-01 to 2023-12-31

New Hope Arts Inc, founded in 2002, is a small nonprofit that reported $531K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $173K, a strong 33% operating margin.

Mission

The organization is dedicated to increasing awareness and support for the arts in the region. New Hope Arts is committed to presenting events in an open environment that makes the arts accessible to all people.

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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 $322,000

Program Service Revenue $97,630

Investment Income $306

Other Revenue $111,341

TOTAL REVENUE $531,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,885

Fundraising Expenses $110,992

Program Expenses $133,870

Other Expenses $291,642

TOTAL EXPENSES $358,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$531,277	$569,989	-0.1%
Expenses	$358,527	$353,547	+0.0%
Net Income	$172,750	$216,442	-0.2%

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

Total Directors

Key Employees

$62,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carol Cruickshanks	Director Emerita	040.00	Key Emp Highest	$62,000	$0	$62,000
Laurence Keller	Board Chairman	015.00	Officer Director	$0	$0	$0
Ralph Fey	Director	010.00	Director	$0	$0	$0
Andrew Pedinoff	Director	010.00	Director	$0	$0	$0
Joseph Franlin	President	015.00	Officer Director	$0	$0	$0
Janina Akins	Director	010.00	Director	$0	$0	$0
Mark Pettegrow	Director	010.00	Director	$0	$0	$0
Ryan Fuller	Director	010.00	Director	$0	$0	$0
Elizabeth Miller McCue	Director	010.00	Director	$0	$0	$0
Stephen Sands	Director	010.00	Director	$0	$0	$0
Joel Koblentz	Director	010.00	Director	$0	$0	$0
Denise Marshall	Director	010.00	Director	$0	$0	$0
Christine Ramirez	Executive Director	040.00	Key Emp Highest	$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	No data	No data	No data	No data
2023	$531,277	$358,527	$1,833,491	$172,750
2022	$569,989	$353,547	$1,676,169	$216,442
2021	$635,461	$259,295	$1,476,118	$376,166
2020	$258,850	$228,458	$1,104,433	$30,392
2019	$310,066	$269,376	$1,082,390	$40,690

New Hope Arts Inc