HOMESTEAD YOUTH ARTS CENTER INC (EIN 471030609) - 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

ASHLEY BECKNO

Phone

3054984727

Tax Period

2023-01-01 to 2023-12-31

HOMESTEAD YOUTH ARTS CENTER INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $298K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $283K left a modest 5% surplus.

Mission

Homestead Youth Arts Center, Inc., provides programs to empower at-risk youth in Miami-Dade County, opportunities for advancement in dance education and performances, as well as provide community outreach programs which are free to the public.

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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 $38,070

Program Service Revenue $165,373

Investment Income $0

Other Revenue $94,565

TOTAL REVENUE $298,008

Expense Breakdown

Grants Paid $7,700

Salaries & Benefits $44,415

Fundraising Expenses $37,427

Program Expenses $180,402

Other Expenses $230,566

TOTAL EXPENSES $282,681

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,008	$272,557	+0.1%
Expenses	$282,681	$259,140	+0.1%
Net Income	$15,327	$13,417	+0.1%

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

N/A

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

$44,415

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIANNA REYNOLDS	Vice President	20.00	Officer	$27,345	$0	$27,345
ASHLEY EULETTE	President	20.00	Officer	$17,070	$0	$17,070
HEATHER BECKNO	Secretary	5.00	Officer	$0	$0	$0
NEIL BECKNO	Treasurer	5.00	Officer	$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	$298,008	$282,681	$50,640	$15,327
2022	$272,557	$259,140	$35,508	$13,417

HOMESTEAD YOUTH ARTS CENTER INC