The Art Institute of Houston LLC (EIN 815166672) - 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

The Art Institute of Houston LLC, founded in 2017, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $10.6M exceeded revenue, resulting in a 41% operating deficit.

Mission

SEE SCH O

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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 $18,257

Program Service Revenue $5,611,682

Investment Income $1,304

Other Revenue $1,871,835

TOTAL REVENUE $7,503,078

Expense Breakdown

Grants Paid $649,437

Salaries & Benefits $1,125,932

Fundraising Expenses $0

Program Expenses $2,710,031

Other Expenses $8,815,403

TOTAL EXPENSES $10,590,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,503,078	$16,343,810	-0.5%
Expenses	$10,590,772	$19,593,094	-0.5%
Net Income	$-3,087,694	$-3,249,284	0.0%

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

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

$948,044

Total Directors

$428,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDE BROWN	FORMER CHANCELLORCEO	5.00	Officer Director	$0	$11,357	$348,004
DENIS YEVSTIFEYEV	FORMER CHIEF FINANCIAL OFFICE	5.00	Officer	$0	$912	$200,046
LATOYA WILLIAMS	FORMER INTERIM SCHOOL PRESIDE	13.00	Officer	$0	$540	$160,105
WENDY BAKER	FORMER GENERAL COUNSEL	5.00	Officer	$0	$457	$99,028
FLORENCE TATE	CHAIRTRUSTEE	1.00	Officer Director	$0	$0	$80,000
HARVEY GIBLIN	FORMER SCHOOL PRESIDENT	15.00	Officer	$0	$284	$60,861
GREG POLLACK	FORMER TRUSTEE	1.00	Director	$0	$0	$0
CAITLYN RYAN	FORMER TRUSTEE	1.00	Director	$0	$0	$0
JEAN NORRIS	FORMER TRUSTEE	1.00	Director	$0	$0	$0
ALMA ALLEN	FORMER CHAIRTRUSTEE	1.00	Director	$0	$0	$0
CORTLAN WICKLIFF	FORMER SECRETARY TRUSTEE	1.00	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	$7,503,078	$10,590,772	No data	$-3,087,694
2022	$16,343,810	$19,593,094	$14,095,337	$-3,249,284
2021	$14,377,554	$18,469,852	$8,448,640	$-4,092,298
2020	$17,605,047	$15,763,870	$13,263,075	$1,841,177

The Art Institute of Houston LLC