PLATFORM ART INC

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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

2006

Legal Domicile

Phone

8638382262

Tax Period

2024-01-01 to 2024-12-31

PLATFORM ART INC, founded in 2006, is a small nonprofit in the Education sector that reported $139K in total revenue in fiscal year 2024. The organization ran a surplus of $23K, a strong 16% operating margin.

Mission

PLATFORM ART, INCS MISSION IS TO ENRICH COMMUNITIES BY PROVIDING FORUMS FOR ART EXPERIENCES AND SUPPORTING THE CREATION OF PUBLIC ART.DURING FISCAL YEAR 2023 PLATFORMS PROGRAMS INCLUDED PLATFORM KIDS.

Program Service Accomplishments

Program 1

Expenses: $65,329 Revenue: $84,712

PROGRAM EXPENSES NECESSARY TO COMPLETE ALL EXPERIENCES LISTED ON PAGE 2 PART III 1-4D.

Program 2

Expenses: $10,092 Revenue: $16,000

LAKE MORTON PROJECT: THE FINAL FABRICATION AND INSTALLATION OF A MIXED MEDIUM SCULPTURE, INSTALLED IN AN OUT OF DOORS PUBLIC SPACE AT LAKE MORTON PLACE, LAKELAND FL

Program 3

Expenses: $4,940 Revenue: $100

AMERICA 250: THIS MULTI YEAR PROJECT CONSISTS OF THE COMMISSIONING OF A PROFESSIONAL ARTIST FOR THE DESIGN AND FABRICATION OF A BRONZE FIGURATIVE MONUMENT REPRESENTING MARY KATHERINE GODDARD, PRINTER OF THE DECLARATION OF INDEPENDENCE. THE STATUE WILL BE INSTALLED AT VETERANS MEMORIAL PARK IN LAKELAND FLORIDA

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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 $138,712

Program Service Revenue $0

Investment Income $68

Other Revenue $0

TOTAL REVENUE $138,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,171

Fundraising Expenses $13,490

Program Expenses $84,712

Other Expenses $57,916

TOTAL EXPENSES $116,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,780	$142,984	0.0%
Expenses	$116,087	$116,062	+0.0%
Net Income	$22,693	$26,922	-0.2%

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

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
JULIE BUFORD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LIPPY	PRESIDENT	1.00	Director	$0	$0	$0
KEN MOORE	TREASURER	1.00	Director	$0	$0	$0
HUNTER JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
NANCY TALTON	FINANCE DIRECTOR	25.00	Officer	$0	$0	$0
CYNTHIA HAFFEY	EXECUTIVE DIRECTOR	50.00	Highest	$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	$138,780	$116,087	$90,763	$22,693
2023	$142,984	$116,062	$68,850	$26,922
2022	$206,465	$189,336	$37,249	$17,129