PALACIOS HOUSE OF ARTS

EIN: 831946899 501(c)(3) Arts, Culture & Humanities

Baton Rouge, LA

Total Revenue
$88,100
Total Expenses
$81,125
Total Assets
$6,975
Net Assets
$6,975
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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
LA
Principal Officer
Mario Palacios
Phone
2257218829
Tax Period
2023-01-01 to 2023-12-31

PALACIOS HOUSE OF ARTS, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $88K in total revenue in fiscal year 2023. Expenses of $81K left a modest 8% surplus.

Mission

education of the arts

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,472
Program Service Revenue $59,628
Investment Income $0
Other Revenue $0
TOTAL REVENUE $88,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,158
Fundraising Expenses $0
Program Expenses $81,125
Other Expenses $16,967
TOTAL EXPENSES $81,125

Year-over-Year Comparison

2023 2022 Change
Revenue $88,100 N/A N/A
Expenses $81,125 N/A N/A
Net Income $6,975 $0 N/A
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
22

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
4
$0
Total Directors
1
$19,123
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gloria Ruiz Executive Director 60
Director
$19,123 $0 $19,123
Mario Palacios president 40
Officer
$0 $0 $0
Danielle Caudle treasurer 20
Officer
$0 $0 $0
Alicia Whidden secretary 10
Officer
$0 $0 $0
Jaqueline Parker board member and artistic advisor 10
Officer
$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 $88,100 $81,125 $6,975 $6,975
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