PRIZM PROJECTS INC

EIN: 474487372 501(c)(3) Arts, Culture & Humanities

Miami Gardens, FL

Total Revenue
$190,595
Total Expenses
$163,734
Total Assets
$380,099
Net Assets
$47,073
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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
2015
Legal Domicile
FL
Phone
9545598623
Tax Period
2022-01-01 to 2022-12-31

PRIZM PROJECTS INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $191K in total revenue in fiscal year 2022. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $164K left a modest 14% surplus.

Mission

TO SERVE AS AN INCUBATOR FOR PARTNERING ARTISTS AND DESIGNERS FROM THE GLOBAL AFRICAN DIASPORA, PROVIDING HIGH QUALITY PROGRAMMING AND EVENTS FOR THE PURPOSE OF DEVELOPING AND PROMOTING THEIR WORK IN A BURGEONING ARTS COMMUNITY, MIAMI, FLORIDA

Program Service Accomplishments

Program 1
Expenses: $109,718

SPONSORING ANNUAL ART FAIR THAT RAISES FUNDS FOR EXTENSIVE EDUCATIONAL, CULTURAL, AND SOCIAL DEVELOPMENT PROGRAMS THAT FACILITATE INCLUSIVE ARTISTIC PROCESSES AND PROMOTE THE INTEGRATION FOR PEOPLE...

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SPONSORING ANNUAL ART FAIR THAT RAISES FUNDS FOR EXTENSIVE EDUCATIONAL, CULTURAL, AND SOCIAL DEVELOPMENT PROGRAMS THAT FACILITATE INCLUSIVE ARTISTIC PROCESSES AND PROMOTE THE INTEGRATION FOR PEOPLE WITH DIVERSE ABILITIES

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $215,088
Program Service Revenue $0
Investment Income $-24,493
Other Revenue $0
TOTAL REVENUE $190,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $985
Fundraising Expenses $0
Program Expenses $109,718
Other Expenses $162,749
TOTAL EXPENSES $163,734

Year-over-Year Comparison

2022 2021 Change
Revenue $190,595 $117,546 +0.6%
Expenses $163,734 $132,288 +0.2%
Net Income $26,861 $-14,742 -2.8%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
1
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
1
$2,500
Total Directors
1
$2,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKHAILE SOLOMON PRESIDENT 40.00
Officer Director
$2,500 $0 $2,500
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
2022 $190,595 $163,734 $380,099 $26,861
2021 $117,546 $132,288 $318,816 $-14,742
2020 $225,197 $183,044 $196,583 $42,153
2019 $151,236 $174,083 $435 $-22,847
2018 $336,472 $289,058 $23,282 $47,414
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