BAKEHOUSE ART COMPLEX INC (EIN 592104864) - 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

1980

Legal Domicile

Principal Officer

CATHY LEFF

Phone

3055762828

Tax Period

2024-10-01 to 2025-09-30

BAKEHOUSE ART COMPLEX INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $359K, a strong 20% operating margin.

Mission

TO PROVIDE AFFORDABLE WORK SPACES, EXHIBITION AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO WORKING ARTISTS, AND SERVE AS A VENUE FOR CULTURAL AND EDUCATIONAL PROGRAMMING IN MIAMI'S HISTORIC ART DECO BAKERY.

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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 $1,470,462

Program Service Revenue $314,292

Investment Income $0

Other Revenue $11,267

TOTAL REVENUE $1,796,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $608,564

Fundraising Expenses $117,305

Program Expenses $910,033

Other Expenses $812,201

TOTAL EXPENSES $1,437,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,796,021	$2,573,471	-0.3%
Expenses	$1,437,115	$1,450,407	0.0%
Net Income	$358,906	$1,123,064	-0.7%

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

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

$233,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON KORMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LAWRENCE KLINE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LIA YAFFAR PENA	TREASURER	2.00	Officer Director	$0	$0	$0
CLAUDIO RIEDI	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER CARTER	DIRECTOR	2.00	Director	$0	$0	$0
OPHIRA CUKIERMAN	DIRECTOR	2.00	Director	$0	$0	$0
ALEX DALY	DIRECTOR	2.00	Director	$0	$0	$0
JOSE FELIX DIAZ	DIRECTOR	2.00	Director	$0	$0	$0
EDOUARD DUVAL-CARRIE	DIRECTOR	2.00	Director	$0	$0	$0
RUDOLPHE EL-KHOURY	DIRECTOR	2.00	Director	$0	$0	$0
ALEX FRASER	DIRECTOR	2.00	Director	$0	$0	$0
MAURICE HABIF	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH HEVIA	DIRECTOR	2.00	Director	$0	$0	$0
ADAM KOFFLER	DIRECTOR	2.00	Director	$0	$0	$0
ADRIENE MCCOY	DIRECTOR	2.00	Director	$0	$0	$0
POORYA MIANJY	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN V MICHAEL	DIRECTOR	2.00	Director	$0	$0	$0
BEN SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
CATHY LEFF	EXECUTIVE DI	40.00	Officer	$233,333	$0	$233,333

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
2025	$1,796,021	$1,437,115	$3,057,566	$358,906
2024	$2,573,471	$1,450,407	$2,946,338	$1,123,064
2023	$1,435,616	$1,116,591	$1,646,846	$319,025
2022	$1,198,887	$882,803	$1,346,627	$316,084
2021	$1,003,631	$803,643	$1,002,659	$199,988
2020	$644,785	$714,488	$894,261	$-69,703
2019	$682,314	$636,056	$986,910	$46,258
2018	$621,611	$557,941	$932,169	$63,670

BAKEHOUSE ART COMPLEX INC