EMBASSY CULTURAL CENTER FOUNDATION… - 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

2000

Legal Domicile

Principal Officer

MARK HOPPER

Phone

2524387141

Tax Period

2022-01-01 to 2022-12-31

EMBASSY CULTURAL CENTER FOUNDATION INC, founded in 2000, is a small nonprofit in the Education sector that reported $489K in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. Expenses of $813K exceeded revenue, resulting in a 66% operating deficit.

Mission

TO PROVIDE HENDERSON AND SURROUNDING COMMUNITIES WITH A PLACE TO EXPERIENCE EDUCATION, ARTS AND ENTERTAINMENT.

Program Service Accomplishments

Program 1

Expenses: $193,528 Revenue: $233,674

MCGREGOR HALL PERFORMING ARTS CENTER

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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 (2022)

Revenue Breakdown

Contributions & Grants $187,081

Program Service Revenue $233,674

Investment Income $3,988

Other Revenue $64,563

TOTAL REVENUE $489,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,965

Fundraising Expenses $0

Program Expenses $193,528

Other Expenses $716,318

TOTAL EXPENSES $813,283

Year-over-Year Comparison

	2022	2021	Change
Revenue	$489,306	$607,337	-0.2%
Expenses	$813,283	$646,028	+0.3%
Net Income	$-323,977	$-38,691	+7.4%

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
ASHLEY BEAN	BOARD MEMBER	0.50	Director	$0	$0	$0
LEE FAULKNER	BOARD MEMBER	0.50	Director	$0	$0	$0
GINA EAVES	BOARD MEMBER	0.50	Director	$0	$0	$0
JANE R FRAZIER	BOARD MEMBER	0.50	Director	$0	$0	$0
DR PHIL YOUNG	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN WESTER	SECRETARY	0.50	Officer Director	$0	$0	$0
AMY O'GEARY	CHAIR	3.00	Officer Director	$0	$0	$0
JAMES O GOODWIN	BOARD MEMBER	0.50	Director	$0	$0	$0
PAMELA HESTER	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES K JOHNSON	TREASURER	3.00	Officer Director	$0	$0	$0
JIM NUTT	BOARD MEMBER	0.50	Director	$0	$0	$0
ALICE C SALLINS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ARCHIE TAYLOR JR	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2022	$489,306	$813,283	$9,211,350	$-323,977
2021	$618,357	$645,781	$9,676,061	$-27,424
2020	$433,854	$632,482	$9,649,177	$-198,628
2019	$648,787	$860,426	$9,895,611	$-211,639
2018	$570,098	$822,618	$10,294,626	$-252,520

EMBASSY CULTURAL CENTER FOUNDATION INC