FRISCO ASSOCIATION FOR THE ARTS (EIN 752798817) - 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

1996

Legal Domicile

Principal Officer

KAREN WHITE

Phone

9728101028

Tax Period

2023-01-01 to 2023-12-31

FRISCO ASSOCIATION FOR THE ARTS, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $546K in total revenue in fiscal year 2023. Revenue surged 226% from the prior year, signaling strong growth momentum. Expenses of $501K left a modest 8% surplus.

Mission

To build a stronger community with the arts through advocacy, outreach, and education.

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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 (2023)

Revenue Breakdown

Contributions & Grants $517,276

Program Service Revenue $28,395

Investment Income $0

Other Revenue $0

TOTAL REVENUE $545,671

Expense Breakdown

Grants Paid $433,334

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $464,184

Other Expenses $67,467

TOTAL EXPENSES $500,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$545,671	$167,189	+2.3%
Expenses	$500,801	$169,357	+2.0%
Net Income	$44,870	$-2,168	-21.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD HUFF	Director	1.00	Director	$0	$0	$0
KAREN WHITE	Chairman	1.00	Officer Director	$0	$0	$0
WILL ODOM	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DONNA SCHMITTLER	Secretary	1.00	Officer Director	$0	$0	$0
ELIZABETH MORROW	Director	1.00	Director	$0	$0	$0
WILL PEARCE	Director	1.00	Director	$0	$0	$0
IVY SUN	Treasurer	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$545,671	$500,801	$61,439	$44,870
2022	$167,189	$169,357	$48,591	$-2,168
2021	$210,688	$214,643	$48,780	$-3,955
2020	$248,997	$245,192	$38,198	$3,805
2019	$386,650	$376,558	$50,656	$10,092

FRISCO ASSOCIATION FOR THE ARTS