THE FIREHOUSE COMMUNITY ARTS CENTER LLC (EIN 851299138) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

CHRIS HINES

Phone

2056163275

Tax Period

2023-01-01 to 2023-12-31

THE FIREHOUSE COMMUNITY ARTS CENTER LLC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $218K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A CREATIVE LEARNING SPACE IN BIRMINGHAM, ALABAMA DEDICATED TO THE ENRICHMENT OF THE CITY'S MUSICAL COMMUNITY THAT OFFERS A VERIETY OF MUSIC EDUCATION PROGRAMS WITH SCHOLARSHIP OPPORTUNITIES FOR THE MUSICALLY-UNDERSERVED STUDENTS IN THE COMMUNITY, AS WELL AS SUSTAINABLE EMPLOYMENT FOR BIRMINGHAM'S WORKING MUSICIANS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $114,582

Program Service Revenue $103,134

Investment Income $0

Other Revenue $300

TOTAL REVENUE $218,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,174

Fundraising Expenses $25,779

Program Expenses $171,858

Other Expenses $78,510

TOTAL EXPENSES $217,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,016	$181,982	+0.2%
Expenses	$217,684	$173,163	+0.3%
Net Income	$332	$8,819	-1.0%

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
JANET SIMPSON	MEMBER	2.00	Director	$0	$0	$0
TOM GAULDIN	MEMBER	2.00	Director	$0	$0	$0
ANDRE CALHOUN	MEMBER	2.00	Director	$0	$0	$0
HEATHER DANIELS	MEMBER	2.00	Director	$0	$0	$0
ANGEL PEREZ	MEMBER	2.00	Director	$0	$0	$0
DAVID SOMERALL	MEMBER	2.00	Director	$0	$0	$0
CHRIS MCCAULEY	MEMBER	2.00	Director	$0	$0	$0
CATIE MARIE NIOLET	MEMBER	2.00	Director	$0	$0	$0
FREDDIE EFFINGER	MEMBER	2.00	Director	$0	$0	$0
CHRIS HINES	CHAIR	2.00	Officer	$0	$0	$0
KEITH O'NEAL	TREASURER	2.00	Officer	$0	$0	$0
FRANCINE KARG	SECRETARY	2.00	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
2024	No data	No data	No data	No data
2023	$218,016	$217,684	$55,156	$332

THE FIREHOUSE COMMUNITY ARTS CENTER LLC