SOLA CONTEMPORARY FORMER SOUTH BAY CONTEMPORARY (EIN 611720055) - 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

2013

Legal Domicile

Principal Officer

CHARITY MALIN

Phone

3239035737

Tax Period

2020-01-01 to 2020-12-31

SOLA CONTEMPORARY FORMER SOUTH BAY CONTEMPORARY, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $124K in total revenue in fiscal year 2020. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 21% operating margin.

Mission

SOLA CONTEMPORARY IS AN ART ORGANIZATION SUPPORTING ADVANCED EXPLORATIONS IN CONTEMPORARY ART.SOLA CONTEMPORARY SOLA CONNECTS THE SOUTH BAY AND LOS ANGELES COMMUNITIES THROUGH CONTEMPORARY ART, WITH INNOVATIVE PROJECTS AND HIGH QUALITY EXHIBITIONS REFLECTING OUR DIVERSE CULTURE AND TODAY'S ISSUES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $79,534

Program Service Revenue $44,483

Investment Income $40

Other Revenue $0

TOTAL REVENUE $124,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,792

Program Expenses $76,379

Other Expenses $98,609

TOTAL EXPENSES $98,609

Year-over-Year Comparison

	2020	2019	Change
Revenue	$124,057	$88,822	+0.4%
Expenses	$98,609	$72,126	+0.4%
Net Income	$25,448	$16,696	+0.5%

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

N/A

Employees

N/A

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
ADRIAN WHITE	President	10.00	Officer Director	$0	$0	$0
DELLIS FRANK	Vice President	10.00	Officer Director	$0	$0	$0
SHELLEY HEFFLER	Secretary	10.00	Officer Director	$0	$0	$0
CHARITY MALIN	Treasurer	10.00	Director	$0	$0	$0
WON SIL KIM	BOARD MEMBER	5.00	Director	$0	$0	$0
AKEISHA NABETA	BOARD MEMBER	5.00	Director	$0	$0	$0
CLAUDETTE MATHENEY	BOARD MEMBER	5.00	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
2020	$124,057	$98,609	$74,113	$25,448

SOLA CONTEMPORARY FORMER SOUTH BAY CONTEMPORARY