THE BESSIE SMITH CULTURAL CENTER (EIN 621247459) - 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

1977

Legal Domicile

Phone

4232668658

Tax Period

2024-07-01 to 2025-06-30

THE BESSIE SMITH CULTURAL CENTER, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $660K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO BE THE PREMIER INTERDISCIPLINARY CULTURAL CENTER THAT PROMOTES EDUCATION AND ARTISTIC EXCELLENCE.

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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 $372,853

Program Service Revenue $203,091

Investment Income $143

Other Revenue $83,676

TOTAL REVENUE $659,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,268

Fundraising Expenses $0

Program Expenses $414,576

Other Expenses $356,058

TOTAL EXPENSES $671,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$659,763	$728,503	-0.1%
Expenses	$671,326	$696,467	0.0%
Net Income	$-11,563	$32,036	-1.4%

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

150

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

$89,578

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paula Wilkes	Executive Dir.	40.00	Officer	$89,578	$0	$89,578
Yusuf Hakeem	Chairman	1.00	Director	$0	$0	$0
Avery Smith	Trustee	1.00	Director	$0	$0	$0
James W Cole	Trustee	1.00	Director	$0	$0	$0
Dr Jeff Rector	Chair	1.00	Director	$0	$0	$0
Elizabeth Appling	Secretary	1.00	Director	$0	$0	$0
Ariel Anthony	Trustee	1.00	Director	$0	$0	$0
Bob Culkeen	Trustee	1.00	Director	$0	$0	$0
John Franklin Jr	Trustee	1.00	Director	$0	$0	$0
Brent Goldberg	Trustee	1.00	Director	$0	$0	$0
Maurice Lewis	Trustee	1.00	Director	$0	$0	$0
Tara Mathis	Trustee	1.00	Director	$0	$0	$0
Chris Palmer	Treasurer	1.00	Director	$0	$0	$0
Varion Walton	Trustee	1.00	Director	$0	$0	$0
Bernard Harris	Trustee	1.00	Director	$0	$0	$0
Yolonda Hayslett	Trustee	1.00	Director	$0	$0	$0
Mara-Lynne Payne	Trustee	1.00	Director	$0	$0	$0
Wayne Johnson	Trustee	1.00	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
2025	$659,763	$671,326	$788,905	$-11,563
2024	$752,329	$613,397	$798,396	$138,932
2023	$728,503	$726,467	$663,349	$2,036
2022	$800,408	$769,640	$658,145	$30,768
2021	$883,157	$722,342	$630,202	$160,815
2020	$538,513	$650,966	$518,121	$-112,453
2019	$664,300	$647,475	$573,863	$16,825

THE BESSIE SMITH CULTURAL CENTER