THE URBANART COMMISSION

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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

1997

Legal Domicile

Principal Officer

LAKEISHA EDWARDS

Phone

9014540474

Tax Period

2024-07-01 to 2025-06-30

THE URBANART COMMISSION, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF THE URBANART COMMISSION IS TO CREATE OPPORTUNITIES FOR ARTISTS AND NEIGHBORHOODS TO CONNECT AND SHAPE SPACES THROUGH PUBLIC ART.

Program Service Accomplishments

Program 1

Expenses: $932,689 Revenue: $808,723

ADMINISTER THE CITY OF MEMPHIS PERCENT FOR ART PROGRAM. WORK ON A PROJECT BASIS WITH VARIOUS GROUPS TO DEVELOP PROJECTS AND EXPERIENCES THAT ADDRESS QUALITY OF LIFE IN NEIGHBORHOODS THROUGHOUT...

ADMINISTER THE CITY OF MEMPHIS PERCENT FOR ART PROGRAM. WORK ON A PROJECT BASIS WITH VARIOUS GROUPS TO DEVELOP PROJECTS AND EXPERIENCES THAT ADDRESS QUALITY OF LIFE IN NEIGHBORHOODS THROUGHOUT MEMPHIS.

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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 $234,477

Program Service Revenue $808,723

Investment Income $263

Other Revenue $500

TOTAL REVENUE $1,043,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,652

Fundraising Expenses $53,123

Program Expenses $932,689

Other Expenses $782,947

TOTAL EXPENSES $1,183,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,043,963	$1,412,475	-0.3%
Expenses	$1,183,599	$1,390,036	-0.1%
Net Income	$-139,636	$22,439	-7.2%

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

$96,982

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEFERTITI ORRIN	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA GRAY MCCANN	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
JEN PRUDHOME	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN RAMBO	DIRECTOR	1.00	Director	$0	$0	$0
ROBBY GRANT	DIRECTOR	1.00	Director	$0	$0	$0
CORY BREECE	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA MOSLEY	DIRECTOR	1.00	Director	$0	$0	$0
LAKEISHA R EDWARDS	OFFICER	40.00	Officer	$90,870	$6,112	$96,982

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	$1,043,963	$1,183,599	$1,475,169	$-139,636
2024	$1,412,475	$1,390,036	$1,805,106	$22,439
2023	$1,128,359	$1,143,586	$1,928,327	$-15,227
2022	$1,853,429	$1,593,439	$1,686,697	$259,990
2021	$1,791,822	$1,803,078	$1,685,308	$-11,256
2020	$1,589,526	$1,634,980	$1,870,780	$-45,454
2019	$1,054,211	$956,468	$1,735,596	$97,743
2018	$1,887,248	$1,562,498	$1,511,535	$324,750