HOUSTON, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOUNDATION FOR INDEPENDENT MEDIA ARTS, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $32K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $49K exceeded revenue, resulting in a 52% operating deficit.
THE ORGANIZATION EXISTS TO PROMOTE THE CREATION AND PRESERVATION OF INDEPENDENT EXPRESSION INCLUDING FILM, VIDEO AND OTHER FORMS OF MEDIA, OFFERING ENGAGING OPPORTUNITIES, SUPPLORT, AND EDUCATIONAL EXPERIENCES TO ENRICH AND EXPAND THE ARTISTIC LIFE OF CREATORS AND AUDIENCES. FIMA HAS BEEN ORGANIZED TO OPERATE FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING BUT NOT LIMITED TO : CONDUCTION EDUCATIONAL, CULTULRAL, AND RESEARCH PROGRAMS : OPERATING A CENTER FOR THE MEDIA ARTS AND : ENGAGING IN ALL ACTIVITIES THAT WILL FURTHER AND ARE CONSISTANT WITH THE MISSION, SUCH AS PUBLIC MEDIA AND PERFORMANCES, PRESENTATIONS AND EXHIBITIONS, PANEL DISCUSSIONS, MEDIA PRODUCTION, PUBLISHING, EDUCATION, AND PUBLIC RELATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $32,431 | $49,777 | -0.3% |
| Expenses | $49,340 | $41,943 | +0.2% |
| Net Income | $-16,909 | $7,834 | -3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICHARD D WALKER | PRESIDENT | N/A |
Officer
Director
|
$0 | $0 | $0 |
| MAUREEN HERZOG | VICE PRESIDE | N/A |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $32,431 | $49,340 | $164,857 | $-16,909 |
| 2022 | $49,777 | $41,943 | $184,207 | $7,834 |
| 2021 | $116,672 | $45,985 | $173,304 | $70,687 |
| 2020 | $94,401 | $24,547 | $102,617 | $69,854 |
| 2019 | $34,800 | $24,607 | $32,763 | $10,193 |
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