THE CLARK HULINGS FOUNDATION DBA T… - Form 990 Financial Data

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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

Elizabeth Hulings

Phone

9176821828

Tax Period

2023-01-01 to 2023-12-31

THE CLARK HULINGS FOUNDATION DBA THE CLARK HULINGS FUND, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $30K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $27K left a modest 10% surplus.

Mission

The Clark Hulings Foundation dba The Clark Hulings Fund promotes the legacy of American painter Clark Hulings (1922 - 2011) by equipping working visual artists to be self-sustaining entrepreneurs. Founded in 2013, The Clark Hulings Foundation dba The Clark Hulings Fund showcases Hulings' life and work as an example to today's artists, and offers them a comprehensive art-business education so that they can thrive as he did. We deliver a suite of integrated learning services continually, both virtually and in-person via live events, digital channels and portable media formats, and build professional networks of opportunity.

Program Service Accomplishments

Program 1

Expenses: $5,511 Revenue: $680

1. Maintained online Campus courses and programs which are available to artists around the world.

Program 2

Expenses: $5,511 Revenue: $680

2. Maintained podcast library, available on multiple platforms.

Program 3

Expenses: $5,511 Revenue: $681

3. Obtained Cambridge Scholars as publisher for "Clark Hulings: "The Work of Art & The Art Of Work".

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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 $27,855

Program Service Revenue $2,041

Investment Income $6

Other Revenue $0

TOTAL REVENUE $29,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,500

Program Expenses $16,533

Other Expenses $26,890

TOTAL EXPENSES $26,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,902	$139,530	-0.8%
Expenses	$26,890	$166,864	-0.8%
Net Income	$3,012	$-27,334	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Hulings	Secretary & CEO	25.00	Officer Director	$0	$0	$0
Irvin Diamond	Treasurer	2.00	Officer Director	$0	$0	$0
Laura Lee Everett	President	2.00	Officer Director	$0	$0	$0
Paula Mele	Vice President	8.00	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
2023	$29,902	$26,890	$36,909	$3,012
2022	$139,530	$166,864	$39,793	$-27,334
2021	$141,434	$165,230	$65,403	$-23,796
2020	$343,160	$204,136	$91,627	$139,024
2019	$478,744	$274,199	$50,530	$204,545
2018	$33,717	$254,981	$613,117	$-221,264

THE CLARK HULINGS FOUNDATION DBA THE CLARK HULINGS FUND