TAIKOARTS MIDWEST (EIN 812475404) - 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

2016

Legal Domicile

Principal Officer

JENNIFER WEIR

Phone

6124052845

Tax Period

2023-09-01 to 2024-08-31

TAIKOARTS MIDWEST, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $743K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $826K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO DEVELOP, PRODUCE, AND PROMOTE ARTISTIC EXCELLENCE IN TAIKO PERFORMING IN COMMUNITY AND SCHOOL EVENTS, IN SCHOOL RESIDENCIES, WORKSHOPS, AND CREATING NEW WORK.

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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 $521,349

Program Service Revenue $201,150

Investment Income $8,626

Other Revenue $11,717

TOTAL REVENUE $742,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,257

Fundraising Expenses $127,120

Program Expenses $517,127

Other Expenses $386,031

TOTAL EXPENSES $826,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$742,842	$547,943	+0.4%
Expenses	$826,288	$585,411	+0.4%
Net Income	$-83,446	$-37,468	+1.2%

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

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

$129,495

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER HOUSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH KANE	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA KUMAGAI	BOARD MEMBER	1.00	Director	$0	$0	$0
HAILEY GABRIEL	PRESIDENT OF BOARD	1.00	Officer Director	$0	$0	$0
RICK SHIOMI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA VANG	BOARD MEMBER- TREASURER	1.00	Officer Director	$0	$0	$0
KATRINA MENDOZA	BOARD MEMBER- VP	1.00	Officer Director	$0	$0	$0
DAYNA MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
WESLEY MOURI	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH SENSEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER WEIR	EXECUTIVE DIRECTOR	40.00	Officer	$116,853	$12,642	$129,495

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	$742,842	$826,288	$1,309,000	$-83,446
2023	$547,943	$585,411	$1,377,281	$-37,468
2022	$296,198	$289,762	$1,082,252	$6,436
2021	$192,272	$130,715	$320,811	$61,557
2020	$430,420	$398,807	$253,790	$31,613

TAIKOARTS MIDWEST