CENTER FOR LATTER-DAY SAINT ARTS INC (EIN 820917393) - 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

Principal Officer

RICHARD BUSHMAN

Phone

6462457093

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR LATTER-DAY SAINT ARTS INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $360K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $598K exceeded revenue, resulting in a 66% operating deficit.

Mission

THE CENTER FOR LATTER-DAY SAINT ARTS HAS A THREEFOLD MISSION: 1. TO DISPLAY AND PERFORM ART BY LATTER-DAY SAINTS IN NEW YORK CITY AND ELSEWHERE. 2. TO PUBLISH SCHOLARSHIP AND CRITICISM ABOUT OUR ART TO REACH A WIDER PUBLIC. 3. TO ESTABLISH A COMPREHENSIVE ARCHIVE OF LATTER-DAY SAINT ART FROM 1830 TO THE PRESENT.

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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 $261,072

Program Service Revenue $52,134

Investment Income $47,129

Other Revenue $0

TOTAL REVENUE $360,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,675

Fundraising Expenses $93,597

Program Expenses $398,842

Other Expenses $353,049

TOTAL EXPENSES $597,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$360,335	$853,629	-0.6%
Expenses	$597,724	$597,346	+0.0%
Net Income	$-237,389	$256,283	-1.9%

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

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

$132,382

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYKAL URBINA	EXECUTIVE DI	40.00	Officer	$125,020	$7,362	$132,382
CLAUDIA BUSHMAN	HISTORIAN	1.00	Officer Director	$0	$0	$0
RICHARD BUSHMAN	CHAIRMAN	15.00	Officer Director	$0	$0	$0
ALLYSON CHARD	DIRECTOR	0.10	Director	$0	$0	$0
STANLEY HAINSWORTH	DIRECTOR	0.10	Director	$0	$0	$0
MONICA HESLINGTON	DIRECTOR	0.10	Director	$0	$0	$0
MARY ANN LEE	DIRECTOR	0.10	Director	$0	$0	$0
BRAD PELO	DIRECTOR	0.10	Director	$0	$0	$0
DAVID SIMMONS	INVESTMENT C	1.00	Director	$0	$0	$0
JENNIFER WILCOX	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	$360,335	$597,724	$1,111,730	$-237,389
2022	$853,629	$597,346	$1,354,495	$256,283
2021	$1,012,245	$397,828	$1,098,301	$614,417
2020	$504,922	$190,914	$483,884	$314,008

CENTER FOR LATTER-DAY SAINT ARTS INC