FRIENDS OF SOUTHFIELD PUBLIC ART (EIN 825306956) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

KENSON J SIVER

Phone

2485694286

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF SOUTHFIELD PUBLIC ART, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $235K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $284K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE PURCHASE, RESTORATION, AND PLACEMENT OF PUBLIC ARTWORK WITHIN THE CITY OF SOUTHFIELD, MICHIGAN AND THE SPONSORSHIP OF MUSICAL ENTERTAINMENT IN FURTHERANCE OF THE ARTS IN THE CITY OF SOUTHFIELD, MICHIGAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $210,314

Program Service Revenue $16,945

Investment Income $7,596

Other Revenue $0

TOTAL REVENUE $234,855

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $6,862

Program Expenses $276,063

Other Expenses $279,066

TOTAL EXPENSES $284,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,855	$212,588	+0.1%
Expenses	$284,066	$69,262	+3.1%
Net Income	$-49,211	$143,326	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENSON J SIVER	CHAIR	5.00	Officer	$0	$0	$0
DELORES FLAGG	VICE CHAIR &	5.00	Officer Director	$0	$0	$0
RONALD BARRY	SECRETARY &	5.00	Officer Director	$0	$0	$0
ROBERT MCTAGGART	TREASURER &	5.00	Officer Director	$0	$0	$0
NICHOLAS PIZANA	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN CRAIGO	TRUSTEE	2.00	Director	$2	$0	$2
JAY REID	TRUSTEE	2.00	Director	$0	$0	$0
YVONNE MILINSKY	TRUSTEE	2.00	Director	$0	$0	$0
JEFF LIGAN	TRUSTEE	2.00	Director	$0	$0	$0
HARVEY GOLDSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
DEBORAH KASHDAN	TRUSTEE	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
2025	No data	No data	No data	No data
2024	$234,855	$284,066	$211,530	$-49,211
2023	$212,588	$69,262	$260,741	$143,326

FRIENDS OF SOUTHFIELD PUBLIC ART