TR1314 MULTIDISCIPLINARY VISUAL PE… - Form 990 Financial Data

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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

SHAMEL PITTS

Phone

9172461695

Tax Period

2023-01-01 to 2023-12-31

TR1314 MULTIDISCIPLINARY VISUAL PERFORMANCES INC, founded in 2019, is a small nonprofit that reported $578K in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $723K exceeded revenue, resulting in a 25% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $395,599 Revenue: $265,622

ARTISTS IN RESIDENCY PROGRAMS. THE ORGANIZATION PROVIDES ARTIST IN RESIDENCY PROGRAMS WHERE SELECTED INDEPENDENT ARTISTS CULTIVATE THEIR VOICES AND IDEAS IN PERFORMANCE, VISUAL AND EXPERIMENTAL ART.

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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 $379,977

Program Service Revenue $197,204

Investment Income $0

Other Revenue $392

TOTAL REVENUE $577,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,119

Fundraising Expenses $21,950

Program Expenses $395,599

Other Expenses $344,946

TOTAL EXPENSES $723,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,573	$311,752	+0.9%
Expenses	$723,065	$563,338	+0.3%
Net Income	$-145,492	$-251,586	-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

$115,925

Total Directors

$115,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAMEL PITTS	BOARD MEMBER/EXECUTIVE DIRECTOR	30.00	Officer Director	$115,925	$0	$115,925
MARCEL PRZYMUSINSKI	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALEXANDER KIPKA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LOREN BAILEY	TREASURER	2.00	Officer Director	$0	$0	$0
GLENN ALAN STISKAL	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAUDIA RANKINE	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$577,573	$723,065	$96,931	$-145,492
2023	$577,573	$723,065	$96,931	$-145,492
2022	$478,418	$592,448	$282,256	$-114,030
2022	$311,752	$563,338	$242,423	$-251,586
2021	$840,055	$357,575	$494,009	$482,480

TR1314 MULTIDISCIPLINARY VISUAL PERFORMANCES INC