FREEDMENS ART ALLIANCE INC (EIN 813943794) - 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

2017

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FREEDMENS ART ALLIANCE INC, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $38K in total revenue in fiscal year 2023. Revenue surged 255% from the prior year, signaling strong growth momentum.

Mission

COMMUNITY THEATER AND ARTS CENTER. TO USE ART TO INFLUENCE AND EDUCATE THE COMMUNITY AND BRING AWARENESS OF EXPERIENCES ACROSS SPACE AND TIME. TO USE ART AS A VEHICLE OF CHANGE IN OUR COMMUNITY.

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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 $36,420

Program Service Revenue $0

Investment Income $0

Other Revenue $1,200

TOTAL REVENUE $37,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,450

Other Expenses $40,384

TOTAL EXPENSES $40,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,620	$10,600	+2.5%
Expenses	$40,384	$55,141	-0.3%
Net Income	$-2,764	$-44,541	-0.9%

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

Independent Members

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
JAMES TURNER	CHAIRMAN OF THE BOARD	5.00	Officer	$0	$0	$0
DEVON WALLS	EXECUTIVE DIRECTOR	10.00	Officer	$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	$37,620	$40,384	$61,888	$-2,764
2022	$10,600	$55,141	$64,652	$-44,541
2021	$25,270	$51,081	$133,531	$-25,811
2020	$329,625	$196,411	$159,342	$133,214

FREEDMENS ART ALLIANCE INC