SECOND LINE ARTS COLLECTIVE (EIN 822732882) - 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

DARRIAN DOUGLAS

Phone

7692268261

Tax Period

2024-01-01 to 2024-12-31

SECOND LINE ARTS COLLECTIVE, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

At Second Line Arts Collective, we ignite the journey 'From Recess to Record Deals.' Our mission begins with fostering an early love for music and extends to equipping the next generation of musicians with skills for artistic growth and career longevity. SLAC is dedicated to nurturing the next generation of musicians through high-quality music education, mentorship, and career development while preserving New Orleans' musical heritage.

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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 $128,516

Program Service Revenue $76,835

Investment Income $0

Other Revenue $1,196

TOTAL REVENUE $206,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,779

Fundraising Expenses $0

Program Expenses $158,045

Other Expenses $59,594

TOTAL EXPENSES $224,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,547	$141,944	+0.5%
Expenses	$224,373	$123,615	+0.8%
Net Income	$-17,826	$18,329	-2.0%

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

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

$44,304

Key Employees

$59,603

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRIAN DOUGLAS	EXECUTIVE DIRECTOR	40	Director Key Emp Highest	$23,804	$0	$23,804
GREGORY AGID	ARTISTIC DIRECTOR	40	Director Key Emp Highest	$20,500	$0	$20,500
GIULIA BARRETO	PROGRAM COORDINATOR	40	Key Emp Highest	$15,299	$0	$15,299

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
2025	No data	No data	No data	No data
2024	$206,547	$224,373	$42,568	$-17,826

SECOND LINE ARTS COLLECTIVE