LATITUDE FOR ART (EIN 850969009) - 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

2019

Legal Domicile

Principal Officer

Martin Cox

Phone

2134824236

Tax Period

2024-07-01 to 2025-06-30

LATITUDE FOR ART, founded in 2019, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 12253% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 95% operating margin.

Mission

Latitude for Art manages artist residencies and long term housing for artists and seniors, benefiting the surrounding neighborhoods with artist exhibitions and presentations. The Organization resources are used to manage, supplement and reduce housing cost for low income artists and seniors.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,057,085

Program Service Revenue $69,885

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,126,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,901

Other Expenses $57,901

TOTAL EXPENSES $57,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,126,970	$9,123	+122.5%
Expenses	$57,901	N/A	N/A
Net Income	$1,069,069	$9,123	+116.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Rosewall	Board Member	1	Director	$0	$0	$0
Douglas Hill	Board Member	1	Director	$0	$0	$0
Hayley Barker	Board Member	1	Director	$0	$0	$0
Jenny Burman	Board Member	1	Director	$0	$0	$0
Martin Cox	Board President	8	Officer	$0	$0	$0
Thomas DeBoe	Board Treasurer, Secretary	8	Officer	$0	$0	$0
Sati Kaur	Board Vice President	2	Officer	$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
2025	$1,126,970	$57,901	$1,075,873	$1,069,069

LATITUDE FOR ART