LUMA 8 (EIN 822325097) - 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

SHARENE S PHILIP

Phone

3122860297

Tax Period

2024-01-01 to 2024-12-31

LUMA 8, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $362K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $347K left a modest 4% surplus.

Mission

SEE PART 3-ITEM 1

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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 (2024)

Revenue Breakdown

Contributions & Grants $362,280

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $362,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,815

Fundraising Expenses $0

Program Expenses $310,171

Other Expenses $216,392

TOTAL EXPENSES $347,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$362,280	$436,724	-0.2%
Expenses	$347,207	$434,880	-0.2%
Net Income	$15,073	$1,844	+7.2%

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

N/A

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

Total Directors

$121,752

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY MINTURN	CHAIRMAN OF THE BOARD	1.00	Director	$0	$0	$0
STEVE PERLMAN	TREASURER	1.00	Director	$0	$0	$0
SHARENE SHARIATZADEH PHILIP	PRESIDENT	40.00	Director	$121,752	$0	$121,752

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	$362,280	$347,207	$46,075	$15,073
2023	$436,724	$434,880	$31,497	$1,844
2022	$311,760	$264,009	$29,653	$47,751
2021	$246,442	$266,196	$4,306	$-19,754
2020	$122,000	$134,173	$1,656	$-12,173
2019	$181,000	$297,108	$13,829	$-116,108
2018	$386,685	$392,094	$20,437	$-5,409

LUMA 8