WIDE OPEN WALLS

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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

2018

Legal Domicile

Phone

9168368772

Tax Period

2023-01-01 to 2023-12-31

WIDE OPEN WALLS, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $352K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $472K exceeded revenue, resulting in a 34% operating deficit.

Mission

WIDE OPEN WALLS PROMOTES DIVERSITY THROUGH ARTISTIC EXPRESSION. WE THINK ART SHOULD BE PART OF DAILY LIFE AND WANT ART TO REACH A WIDER AUDIENCE.

Program Service Accomplishments

Program 1

Expenses: $354,899

IN 2023 WIDE OPEN WALLS COLLABORATED WITH OVER 40 ARTISTS WITH AN EMPHASIS ON SCHOOL CAMPUSES. THE FESTIVAL CELEBRATES THE DIVERSITY OF STREET ART, WITH THE TRANSFORMATION OF WALLS IN SCHOOLS AND...

IN 2023 WIDE OPEN WALLS COLLABORATED WITH OVER 40 ARTISTS WITH AN EMPHASIS ON SCHOOL CAMPUSES. THE FESTIVAL CELEBRATES THE DIVERSITY OF STREET ART, WITH THE TRANSFORMATION OF WALLS IN SCHOOLS AND NEIGHBORHOODS THROUGHOUT THE DOWNTOWN AREA AND THE SACRAMENTO REGION. THE PUBLIC WAS ABLE TO ENGAGE WITH THE ARTISTS THROUGH GALLERY OPENINGS, ART TOURS, FUNDRAISERS, AND THE OPPORTUNITY TO WATCH ARTISTS AS THEY CREATE THESE LARGE-SCALE WORKS OF ART.

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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 $352,334

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $352,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,948

Fundraising Expenses $29,185

Program Expenses $354,899

Other Expenses $339,532

TOTAL EXPENSES $472,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$352,334	$545,603	-0.4%
Expenses	$472,480	$467,243	+0.0%
Net Income	$-120,146	$78,360	-2.5%

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

$117,000

Total Directors

$123,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SOBON	PRESIDENT	50.00	Officer Director	$72,000	$0	$72,000
MARGARET OWENS	TREASURER	40.00	Officer Director	$45,000	$0	$45,000
PATRICK HARBISON	BOARD MEMBER	2.50	Director	$6,000	$0	$6,000
MIKE STALTER	BOARD MEMBER	0.25	Director	$0	$0	$0
RAPHAEL DELGADO	BOARD MEMBER	20.00	Director	$0	$0	$0
CAMERON VILLA	BOARD MEMBER	2.00	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	$352,334	$472,480	$39,956	$-120,146
2022	$545,603	$467,243	$135,567	$78,360
2021	$410,018	$372,920	$65,151	$37,098
2020	$321,092	$315,292	$37,048	$5,800
2019	$682,364	$644,954	$97,039	$37,410
2019	$701,414	$630,986	$33,003	$70,428
2018	$549,735	$485,666	$65,798	$64,069
2018	$497,449	$484,763	$8,509	$12,686