TWIN CITY ART FOUNDATION (EIN 720771974) - 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

1974

Legal Domicile

Principal Officer

HAL HINCHCLIFFE

Phone

3183873525

Tax Period

2024-07-01 to 2025-06-30

TWIN CITY ART FOUNDATION, founded in 1974, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $56K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $112K exceeded revenue, resulting in a 101% operating deficit.

Mission

TEACHING, DEVELOPMENT AND PROMOTION OF THE PERFORMING AND NON-PERFORMING ARTS, INCLUDING THE OPERATION OF MUSEUMS AND SCHOOLS. ALSO, INCLUDED AMONG ITS PURPOSES IS THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 $20,181

Program Service Revenue $19,537

Investment Income $-165

Other Revenue $16,054

TOTAL REVENUE $55,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,153

Other Expenses $111,779

TOTAL EXPENSES $111,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,607	$101,130	-0.5%
Expenses	$111,779	$118,986	-0.1%
Net Income	$-56,172	$-17,856	+2.1%

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
HAL HINCHCLIFFE	CHAIRMAN	N/A	Officer Director	$0	$0	$0
TIFFANY JACKSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
SCOTT HIGGINBOTHOM	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DOUGLAS BRECKENRIDGE	TRUSTEE	N/A	Director	$0	$0	$0
LEIGH BUFFINGTON	TRUSTEE	N/A	Director	$0	$0	$0
DREK DAVIS	TRUSTEE	N/A	Director	$0	$0	$0
GRETCHEN MASUR DEAN	TRUSTEE	N/A	Director	$0	$0	$0
SARAH HOFFMAN	TRUSTEE	N/A	Director	$0	$0	$0
SARAH JARRETT	TRUSTEE	N/A	Director	$0	$0	$0
KAY LA-FRANCE KNIGHT	TRUSTEE	N/A	Director	$0	$0	$0
KARA PLATTE	TRUSTEE	N/A	Director	$0	$0	$0
CLIFF TRESNER	SECRETARY/TR	N/A	Director	$0	$0	$0
CHRESANCIO JACKSON	MEMBER AT LA	N/A	Director	$0	$0	$0
CHRESANCIO JACKSON	MEMBER AT LA	N/A	Director	$0	$0	$0
CHRESANCIO JACKSON	MEMBER AT LA	N/A	Director	$0	$0	$0
REBEKAH LAWRENCE	MEMBER AT LA	N/A	Director	$0	$0	$0
PATRIK PYBURN	MEMBER AT LA	N/A	Director	$0	$0	$0
WINNIE TOMENY	MEMBER AT LA	N/A	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	$55,607	$111,779	$922,020	$-56,172
2024	$101,130	$118,986	$907,659	$-17,856
2023	$86,092	$96,862	$887,252	$-10,770
2022	$108,579	$108,016	$869,915	$563
2021	$22,603	$13,111	$987,280	$9,492
2021	$77,494	$43,269	$972,972	$34,225
2020	$53,045	$99,369	$842,275	$-46,324
2019	$197,892	$93,391	$906,615	$104,501
2018	$138,301	$139,629	$816,267	$-1,328

TWIN CITY ART FOUNDATION