HARLEM ARTS ALLIANCE (EIN 470873119) - 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

2001

Legal Domicile

Principal Officer

VOZA RIVERS

Phone

2129260104

Tax Period

2024-07-01 to 2025-06-30

HARLEM ARTS ALLIANCE, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $514K in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION NURTURES THE ARTISTIC GROWTH AND ORGANIZATIONAL DEVELOPMENT OF ARTISTS AND ARTS ORGANIZATIONS BASED IN HARLEM AND THE SURROUNDING COMMUNITIES.

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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 $514,487

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $514,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,261

Program Expenses $348,251

Other Expenses $511,617

TOTAL EXPENSES $511,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,487	$200,215	+1.6%
Expenses	$511,617	$184,068	+1.8%
Net Income	$2,870	$16,147	-0.8%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VOZA RIVERS	CHAIRMAN	3	Officer Director	$0	$0	$0
LLOYD WILLIAMS	VICE CHAIRMAN	2	Officer Director	$0	$0	$0
LINDA WALTON	DIRECTOR	1	Director	$0	$0	$0
WILLIAM J COVINGTON ESQ	DIRECTOR	1	Director	$0	$0	$0
GEOFFREY EATON	DIRECTOR	1	Director	$0	$0	$0
DONNA WALKER-KUHNE	DIRECTOR	1	Director	$0	$0	$0
WAYNE BENJAMIN	DIRECTOR	1	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
2025	$514,487	$511,617	$273,295	$2,870
2024	No data	No data	No data	No data
2023	$178,550	$163,387	$147,011	$15,163
2022	$145,985	$154,564	$188,133	$-8,579
2020	$411,863	$394,881	$154,600	$16,982
2019	$294,553	$234,348	$161,613	$60,205

HARLEM ARTS ALLIANCE