North Fourth Art Center (EIN 850303750) - 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

Formation Year

1981

Legal Domicile

Principal Officer

Teresa Phillips

Tax Period

2022-07-01 to 2023-06-30

North Fourth Art Center, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $248K in total revenue in fiscal year 2022. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $583K exceeded revenue, resulting in a 135% operating deficit.

Mission

North Fourth Art Center's mission is to cultivate artistic creation and economic development in New Mexico through a wide range of art mediums including live performance, film & digital media, studio art, and more.

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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 (2022)

Revenue Breakdown

Contributions & Grants $197,837

Program Service Revenue $32,913

Investment Income $302

Other Revenue $16,890

TOTAL REVENUE $247,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,330

Fundraising Expenses $6,181

Program Expenses $367,833

Other Expenses $284,227

TOTAL EXPENSES $582,557

Year-over-Year Comparison

	2022	2021	Change
Revenue	$247,942	$1,112,410	-0.8%
Expenses	$582,557	$850,063	-0.3%
Net Income	$-334,615	$262,347	-2.3%

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

$132,027

Total Directors

$132,027

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marjorie Neset	Executive Dir.	40.00	Officer Director	$67,964	$0	$67,964
Susanna Kearny	Director	40.00	Officer Director	$64,063	$0	$64,063
Teresa Phillips	President	1.00	Officer Director	$0	$0	$0
Bryn Naranjo	Vice President	1.00	Officer Director	$0	$0	$0
Joe Lujan	Director	1.00	Director	$0	$0	$0
Michael Murphy	Director	1.00	Director	$0	$0	$0
Nkazi Sinandile	Director	1.00	Director	$0	$0	$0
Tasia Young	Director	0.00	Director	$0	$0	$0
Nury Yoo	Director	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
2023	$247,942	$582,557	$315,642	$-334,615
2022	$1,112,410	$850,063	$896,703	$262,347
2021	$26,603	$243,536	$604,281	$-216,933
2019	$1,599,033	$1,575,461	$1,773,484	$23,572
2018	$1,784,285	$1,737,515	$1,801,275	$46,770

North Fourth Art Center