URBAN ART GALLERY INC (EIN 471682450) - 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

KALPHONSE MORRIS

Tax Period

2023-01-01 to 2023-12-31

URBAN ART GALLERY INC, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 3% surplus.

Mission

Urban Art Gallery has replenished the community with some free programs for children, such as vocal lessons, music lessons, and arts and craft, which allow children to express themselves artistically and building one community.

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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 $0

Program Service Revenue $1,139,469

Investment Income $0

Other Revenue $11

TOTAL REVENUE $1,139,480

Expense Breakdown

Grants Paid $1,036,845

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,041,095

Other Expenses $64,636

TOTAL EXPENSES $1,101,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,139,480	$835,404	+0.4%
Expenses	$1,101,481	$748,148	+0.5%
Net Income	$37,999	$87,256	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEHEMIAH DAVIS	TREASURER	2.00	Officer	$0	$0	$0
RAYMOND HUGHES	SECRETARY	2.00	Officer	$0	$0	$0
KALPHONSE MORRIS	PRESIDENT	0.00	Officer	$0	$0	$0
PAMELA MORRIS	VICE PRESIDENT	2.00	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	$1,139,480	$1,101,481	$294,386	$37,999
2022	$835,404	$748,148	$272,087	$87,256
2021	$705,304	$565,238	$162,881	$140,066
2020	$315,124	$267,855	$78,962	$47,269
2019	$330,381	$299,694	$40,692	$30,687
2018	$311,137	$304,964	$8,967	$6,173

URBAN ART GALLERY INC