JAMES R HALSEY FOUNDATION OF THE ARTS (EIN 831144406) - 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

Phone

6099152649

Tax Period

2024-01-01 to 2024-12-31

JAMES R HALSEY FOUNDATION OF THE ARTS is a small nonprofit in the Arts, Culture & Humanities sector that reported $526K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $480K left a modest 9% surplus.

Mission

The mission of the Foundation is to enrich the quality of life for youths (ages 14 to 20) by promoting and guiding the youth through the processes involved in the art of filmmaking and other art forms.

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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 $372,742

Program Service Revenue $117,318

Investment Income $0

Other Revenue $36,431

TOTAL REVENUE $526,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,812

Fundraising Expenses $26,063

Program Expenses $411,564

Other Expenses $161,270

TOTAL EXPENSES $480,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$526,491	$323,352	+0.6%
Expenses	$480,082	$405,826	+0.2%
Net Income	$46,409	$-82,474	-1.6%

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

$72,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH A HALSEY	CEO	40.00	Officer	$72,500	$0	$72,500
WENDY HALSEY	Trustee	1.00	Director	$0	$0	$0
TOMIKA SOMMERS	Secretary	2.00	Officer Director	$0	$0	$0
JABRE MINER	Trustee	1.00	Director	$0	$0	$0
LISA FERGUSON	President	3.00	Officer Director	$0	$0	$0
JAMES HALSEY	Trustee	1.00	Director	$0	$0	$0
NIVEDITA CANDADE	Trustee	1.00	Director	$0	$0	$0
NICOLE HAGGERT	Trustee	1.00	Director	$0	$0	$0
BILLIE JO STUTO	Treasurer	1.00	Director	$0	$0	$0
CHRIS ENGLISH	Trustee	1.00	Director	$0	$0	$0
TY ROBINSON	Trustee	1.00	Director	$0	$0	$0
SUGENNY SANTIAGO	Trustee	1.00	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
2024	$526,491	$480,082	$319,922	$46,409
2023	$323,352	$405,826	$269,452	$-82,474
2022	$313,858	$222,968	$237,122	$90,890
2021	$190,287	$63,298	$144,192	$126,989
2020	$24,076	$14,746	$16,574	$9,330
2019	$26,589	$20,880	$7,244	$5,709

JAMES R HALSEY FOUNDATION OF THE ARTS