THE COMMUNITY FOLK ART CENTER INC (EIN 743051509) - 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

Principal Officer

TANISHA JACKSON

Phone

3154439352

Tax Period

2022-07-01 to 2023-06-30

THE COMMUNITY FOLK ART CENTER INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $228K in total revenue in fiscal year 2022. Revenue surged 551% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 29% operating margin.

Mission

THE COMMUNITY FOLK ART CENTER, INC. IS A VIBRANT CULTURAL AND ARTISTIC HUB COMMITTED TO THE PROMOTION AND DEVELOPMENT OF ARTISTS OF THE AFRICAN DIASPORA. THE MISSION OF THE CENTER IS TO EXALT CULTURAL AND ARTISTIC PLURALISM BY COLLECTING, EXHIBITING, TEACHING AND INTERPRETING THE VISUAL & EXPRESSIVE ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $45,000

Program Service Revenue $183,166

Investment Income $62

Other Revenue $0

TOTAL REVENUE $228,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $161,338

Other Expenses $161,338

TOTAL EXPENSES $161,338

Year-over-Year Comparison

	2022	2021	Change
Revenue	$228,228	$35,080	+5.5%
Expenses	$161,338	$32,284	+4.0%
Net Income	$66,890	$2,796	+22.9%

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

N/A

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
TANISHA JACKSON	EXECUTIVE DIRECTOR	70.00	Officer Director	$0	$0	$0
CHARLES JACKSON	PRESIDENT	0.00	Officer Director	$0	$0	$0
EVAN STARLING DAVIS	TREASURER	0.00	Officer Director	$0	$0	$0
CJALA SURRATT	SECRETARY	0.00	Officer Director	$0	$0	$0
FRANCIS PARKS	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRIS TRAVIS	BOARD MEMBER	0.00	Director	$0	$0	$0
VLAD DIMA	BOARD MEMBER	0.00	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
2023	$228,228	$161,338	$94,151	$66,890

THE COMMUNITY FOLK ART CENTER INC