FUSION (EIN 850484135) - 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

2002

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FUSION, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $471K in total revenue in fiscal year 2023. Expenses of $630K exceeded revenue, resulting in a 34% operating deficit.

Mission

The Organizations mission is to enhance the quality of performing arts in Albuquerque, NM

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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 $214,158

Program Service Revenue $184,507

Investment Income $0

Other Revenue $72,381

TOTAL REVENUE $471,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,944

Fundraising Expenses $30,477

Program Expenses $495,824

Other Expenses $294,536

TOTAL EXPENSES $630,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$471,046	$460,180	+0.0%
Expenses	$630,480	$587,345	+0.1%
Net Income	$-159,434	$-127,165	+0.3%

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

N/A

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

$148,316

Total Directors

$148,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacqueline Reid	Treasurer	40.00	Officer Director	$75,347	$0	$75,347
Dennis Gromelski	Board Chairman	30.00	Officer Director	$72,969	$0	$72,969
Charlie Hawkins	Director	1.00	Director	$0	$0	$0
Justine Fox Young	Director	2.00	Director	$0	$0	$0
Nick Chavez	Director	1.00	Director	$0	$0	$0
Jeffrey Squires	Director	1.00	Director	$0	$0	$0
Andrew Connors	Director	1.00	Director	$0	$0	$0
Laurie Thomas	Secretary	5.00	Director	$0	$0	$0
Emilie De Angelis	Director	1.00	Director	$0	$0	$0
Fred Franklin	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
2024	No data	No data	No data	No data
2023	$471,046	$630,480	$1,604,609	$-159,434
2022	$460,180	$587,345	$1,774,473	$-127,165
2021	$957,062	$439,101	$1,238,942	$517,961
2021	$465,150	$439,101	$1,238,942	$26,049
2020	$238,135	$365,485	$922,649	$-127,350
2019	$572,256	$583,031	$870,355	$-10,775
2018	$518,884	$240,542	$892,184	$278,342

FUSION