IX ART PARK FOUNDATION (EIN 833099795) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

SUSAN KRISCHEL

Phone

4342493274

Tax Period

2023-01-01 to 2023-12-31

IX ART PARK FOUNDATION, founded in 2019, is a small nonprofit that reported $556K in total revenue in fiscal year 2019. Expenses of $521K left a modest 6% surplus.

Mission

THE MISSION OF IX ART PARK FOUNDATION IS TO SPARK CREATIVITY AND INSPIRATION IN PEOPLE'S EVERYDAY LIVES. LOCATED IN AN OPPORTUNITY ZONE, IX ART PARK IS A 24-HOUR FREE OUTDOOR MURAL AND SCULPTURE PARK THAT SEEKS TO EMPOWER ITS COMMUNITY BY BUILDING WELCOMING SPACES THAT ENCOURAGE EVERYONE TO EXIST CREATIVELY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $126,362

Program Service Revenue $598,898

Investment Income $40,612

Other Revenue $36,197

TOTAL REVENUE $802,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,023

Fundraising Expenses $27,326

Program Expenses $659,116

Other Expenses $361,626

TOTAL EXPENSES $853,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$802,069	$874,073	-0.1%
Expenses	$853,649	$931,484	-0.1%
Net Income	$-51,580	$-57,411	-0.1%

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

$145,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN KRISCHEL	PRESIDENT	40.00	Officer Director	$0	$0	$0
MICHAEL CAPLIN	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
KATE BYRNE	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG REDINGER	TREASURER	1.00	Officer Director	$0	$0	$0
ANNE HUNTER	MEMBER	1.00	Director	$0	$0	$0
DAVID GIES	MEMBER	1.00	Director	$0	$0	$0
RAVI RESPETO	MEMBER	1.00	Director	$0	$0	$0
JAMELLE BOUIE	MEMBER	1.00	Director	$0	$0	$0
DWIGHT SPARLIN	MEMBER	1.00	Director	$0	$0	$0
SONYA HAIRSTON	MEMBER	1.00	Director	$0	$0	$0
LISA CAPRARO	EXECUTIVE DI	40.00	Officer	$100,001	$0	$100,001
EWA HARR	EXECUTIVE DI	40.00	Officer	$45,687	$0	$45,687

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	No data	No data	No data	No data
2023	$802,069	$853,649	$1,355,397	$-51,580
2022	$874,073	$931,484	$1,428,160	$-57,411
2021	$2,051,905	$705,270	$1,584,697	$1,346,635
2020	$415,494	$465,726	$239,511	$-50,232
2019	$555,590	$521,072	$124,435	$34,518

IX ART PARK FOUNDATION