IMPACT ARTS INC (EIN 853665317) - 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

2020

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

IMPACT ARTS INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $351K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

Impact Artss mission is to transform our community through accessible arts education and outstanding artistic experiences.

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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 $116,128

Program Service Revenue $201,532

Investment Income $0

Other Revenue $33,210

TOTAL REVENUE $350,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $356,170

Other Expenses $357,011

TOTAL EXPENSES $357,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$350,870	$256,804	+0.4%
Expenses	$357,011	$279,171	+0.3%
Net Income	$-6,141	$-22,367	-0.7%

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

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

$17,500

Total Directors

$17,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONELVAN THIGPEN	CHIEF OPERATING OFFICER	30.00	Officer Director	$17,500	$0	$17,500
GINGER MORRIS	CHIEF EXECUTIVE OFFICER	50.00	Officer Director	$0	$0	$0
VICTOR VILLALOBOS	CHIEF FINANCIAL OFFICER	5.00	Officer 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	$350,870	$357,011	$17,999	$-6,141
2022	$256,804	$279,171	$22,302	$-22,367
2021	$267,009	$223,815	$45,075	$43,194

IMPACT ARTS INC