LOCUST PROJECTS INC

EIN: 651134780 501(c)(3) Arts, Culture & Humanities

MIAMI, FL

Total Revenue
$1,654,814
Total Expenses
$1,248,738
Total Assets
$1,329,179
Net Assets
$585,431
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
FL
Principal Officer
DEBRA SCHOLL
Phone
3055768570
Tax Period
2022-07-01 to 2023-06-30

LOCUST PROJECTS INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2022. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $406K, a strong 25% operating margin.

Mission

TO PROMOTE THE VISUAL ARTS BY PROVIDING EXHIBITION SPACE PRESENTING SITE-SPECIFIC ARTWORK FILLING THE GAP BETWEEN MUSEUMS AND COMMERCIAL GALLERIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,741,180
Program Service Revenue $3,723
Investment Income $-22,424
Other Revenue $-67,665
TOTAL REVENUE $1,654,814

Expense Breakdown

Grants Paid $55,400
Salaries & Benefits $434,921
Fundraising Expenses $215,988
Program Expenses $913,076
Other Expenses $758,417
TOTAL EXPENSES $1,248,738

Year-over-Year Comparison

2022 2021 Change
Revenue $1,654,814 $893,712 +0.9%
Expenses $1,248,738 $1,125,806 +0.1%
Net Income $406,076 $-232,094 -2.7%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
34
Independent Members
34
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
4
$0
Total Directors
35
$0
Key Employees
1
$167,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH PETERSEN DIRECTOR 4.00
Director
$0 $0 $0
CHRISTOPHER LOMAX DIRECTOR 4.00
Director
$0 $0 $0
DIANE MOSS DIRECTOR 4.00
Director
$0 $0 $0
WILLIAM CHARLES DIRECTOR 4.00
Director
$0 $0 $0
BRIAN COOPER DIRECTOR 4.00
Director
$0 $0 $0
ADLER GUERRIER DIRECTOR 4.00
Director
$0 $0 $0
AMY POLLACK DIRECTOR 4.00
Director
$0 $0 $0
ANTONIA WRIGHT DIRECTOR 4.00
Director
$0 $0 $0
AVRA JAIN DIRECTOR 4.00
Director
$0 $0 $0
BRIAN HELLER DIRECTOR 4.00
Director
$0 $0 $0
SUNITA BHAGWAN DIRECTOR 4.00
Director
$0 $0 $0
CARLOS R LAGO DIRECTOR 4.00
Director
$0 $0 $0
DAWN ADELS FINE DIRECTOR 4.00
Director
$0 $0 $0
DEBRA FRANK SECRETARY 4.00
Officer Director
$0 $0 $0
DEBRA SCHOLL CHAIRMAN OF THE BOARD 5.00
Officer Director
$0 $0 $0
DIANE GROB DIRECTOR 4.00
Director
$0 $0 $0
ELIZABETH BAILEY DIRECTOR 4.00
Director
$0 $0 $0
ELIZABETH WITHSTANDLEY DIRECTOR 4.00
Director
$0 $0 $0
JAMIE ODABACHIAN DIRECTOR 4.00
Director
$0 $0 $0
JILLIAN CHOI DIRECTOR 4.00
Director
$0 $0 $0
RICHARD ARREGUI DIRECTOR 4.00
Director
$0 $0 $0
JOHN DEVINE VICE CHAIR 4.00
Officer Director
$0 $0 $0
JOHN JOSEPH LIN DIRECTOR 4.00
Director
$0 $0 $0
JUAN ALONSO DIRECTOR 4.00
Director
$0 $0 $0
KAREN BOYER DIRECTOR 4.00
Director
$0 $0 $0
LAUREN GNAZZO DIRECTOR 4.00
Director
$0 $0 $0
LINDA ADLER DIRECTOR 4.00
Director
$0 $0 $0
MUNISHA UNDERHILL DIRECTOR 4.00
Director
$0 $0 $0
NICOLE CHIPI DIRECTOR 4.00
Director
$0 $0 $0
PAUL JACOBER DIRECTOR 4.00
Director
$0 $0 $0
RAUL GUIJARRO DE PABLO DIRECTOR 4.00
Director
$0 $0 $0
BETTE ANN FIALKOV DIRECTOR 4.00
Director
$0 $0 $0
STEVEN LANSTER TREASURER 4.00
Officer Director
$0 $0 $0
STEWART MERKIN DIRECTOR 4.00
Director
$0 $0 $0
MARIA C BECHILY DIRECTOR 4.00
Director
$0 $0 $0
LORIE MERTES EXECUTIVE DIRECTOR 65.00
Key Emp
$167,500 $0 $167,500
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 $1,654,814 $1,248,738 $1,329,179 $406,076
2022 $893,712 $1,125,806 $222,802 $-232,094
2021 $876,801 $785,895 $422,993 $90,906
2020 $1,135,706 $804,765 $381,204 $330,941
2019 $778,411 $885,550 $55,850 $-107,139
2018 $829,822 $830,513 $175,582 $-691
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LOCUST PROJECTS INC with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.