DAPHNE ART FOUNDATION

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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

2019

Legal Domicile

Principal Officer

ALYSSA CIGARROA

Phone

9563379115

Tax Period

2023-01-01 to 2023-12-31

DAPHNE ART FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $267K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $93K, a strong 35% operating margin.

Mission

TO SUPPORT AND PROMOTE THE CREATION, PRESENTATION, STUDY, AND APPRECIATION OF VISUAL AND PERFORMING ARTS IN THE UNITED STATES BORDER COMMUNITY OF LAREDO, TEXAS.

Program Service Accomplishments

Program 1

Expenses: $77,494 Revenue: $1,475

SUPPORTED AND PROMOTED THE CREATION, PRESENTATION, STUDY, AND APPRECIATION OF VISUAL AND PERFORMING 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $198,218

Program Service Revenue $1,475

Investment Income $0

Other Revenue $67,392

TOTAL REVENUE $267,085

Expense Breakdown

Grants Paid $8,870

Salaries & Benefits $87,466

Fundraising Expenses $13,120

Program Expenses $77,494

Other Expenses $77,549

TOTAL EXPENSES $173,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,085	$301,256	-0.1%
Expenses	$173,885	$149,901	+0.2%
Net Income	$93,200	$151,355	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALYSSA CIGARROA	PRESIDENT	12.00	Officer Director	$0	$0	$0
KEITH W FRANKLIN	DIRECTOR	0.25	Director	$0	$0	$0
FRANCISCO JAVIER GARCIA	DIRECTOR	11.50	Director	$0	$0	$0
LINDA LAMANTIA	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
MARY LAMAR G LEYENDECKER	SECRETARY	1.00	Officer Director	$0	$0	$0
REGINA PORTILLO	DIRECTOR	3.30	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	No data	No data	No data	No data
2023	$267,085	$173,885	$265,249	$93,200
2022	$301,256	$149,901	$205,197	$151,355