Cultural Development Corporation of the District of Columbia (EIN 522122445) - 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

1998

Legal Domicile

Phone

2023151305

Tax Period

2025-10-01 to 2026-09-30

Cultural Development Corporation of the District of Columbia, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $4K in total revenue in fiscal year 2025. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $706K exceeded revenue, resulting in a 19445% operating deficit.

Mission

Cultural Development Corporation (CulturalDC) creates opportunities for artists and arts organizations that stimulate economic development and improve the quality of the DC area. CulturalDCs current programs include operating the Source Theater, presenting visual and performing arts programs through their Mobile Arts Programming and Mobile Art Gallery, and providing artspace design, development and management support services.

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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 (2025)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $2,025

Investment Income $381

Other Revenue $704

TOTAL REVENUE $3,610

Expense Breakdown

Grants Paid $691,000

Salaries & Benefits $4,139

Fundraising Expenses $0

Program Expenses $695,065

Other Expenses $10,452

TOTAL EXPENSES $705,591

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,610	$2,969,379	-1.0%
Expenses	$705,591	$2,236,002	-0.7%
Net Income	$-701,981	$733,377	-2.0%

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
Hiroshi Jacobs	President	2	Officer Director	$0	$0	$0
Emily Ann Alexander	Vice President	2	Officer Director	$0	$0	$0
Cotter Spratley	Treasurer	2	Officer Director	$0	$0	$0
Jessica Nigro	Immediate Past President	2	Officer Director	$0	$0	$0
Kellyn Mahan	Secretary	2	Officer Director	$0	$0	$0
Avery Ash	Director	0.25	Director	$0	$0	$0
Brin Frazier	Director	0.25	Director	$0	$0	$0
Greg Ghent	Director	0.25	Director	$0	$0	$0
Michelle Green	Director	0.25	Director	$0	$0	$0
Stephanie Mercedes	Director	0.25	Director	$0	$0	$0
J Brooks Martin	Director	0.25	Director	$0	$0	$0
Maurice Perry	Director	0.25	Director	$0	$0	$0
Nia Rubin	Director	0.25	Director	$0	$0	$0
Mehari Sequar	Director	0.25	Director	$0	$0	$0
Joshua Maps Glover	Director	0.25	Director	$0	$0	$0
Kristi Maiselman	Executive Director	40	Highest	$239,685	$0	$239,685
Crystal Hart	Director of Operations	40	Highest	$149,859	$0	$149,859
Quincy Jones	Director Development Communications	40	Highest	$155,372	$0	$155,372

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
2026	$3,610	$705,591	No data	$-701,981
2025	$2,969,379	$2,236,002	$1,471,433	$733,377
2024	$689,245	$1,157,204	$2,305,259	$-467,959
2023	$951,415	$1,216,073	$2,907,834	$-264,658
2022	$1,091,585	$1,085,895	$2,144,037	$5,690
2021	$867,868	$810,541	$2,264,602	$57,327
2020	$677,507	$855,974	$2,163,773	$-178,467
2019	$841,515	$805,465	$2,214,018	$36,050
2018	$808,638	$1,088,685	$2,203,075	$-280,047

Cultural Development Corporation of the District of Columbia