EJAC (EIN 861194522) - 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

Principal Officer

CHANDRA GLAESEMAN

Phone

5032864959

Tax Period

2023-01-01 to 2023-12-31

EJAC, founded in 2020, is a small nonprofit that reported $503K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

MISSION: PARALLAX ART CENTER AMPLIFIES SOCIAL JUSTICE AND & ENVIRONMENTAL PROTECTION THROUGH INCLUSIVE ART PROGRAMS, EXHIBITIONS, AND 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 $515,331

Program Service Revenue $0

Investment Income $-1,374

Other Revenue $-11,103

TOTAL REVENUE $502,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,813

Fundraising Expenses $89,556

Program Expenses $342,959

Other Expenses $295,150

TOTAL EXPENSES $517,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$502,854	$635,737	-0.2%
Expenses	$517,963	$610,296	-0.2%
Net Income	$-15,109	$25,441	-1.6%

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

$85,525

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANDRA GLAESEMAN	EXECUTIVE DIRECTOR	40.00	Officer	$85,525	$0	$85,525
MATTHEW WARNER	BOARD CHAIR (11/1/23-PRESENT)	0.30	Officer Director	$0	$0	$0
CATHLEEN CASEY	SECRETARY	0.30	Officer Director	$0	$0	$0
MARIANNE WOOD	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS JONES	BOARD CHAIR (EMERITUS)	0.30	Officer Director	$0	$0	$0
MARIO MESQUITA	BOARD MEMBER	1.00	Director	$0	$0	$0
DIO SUMAGAYSAY	BOARD MEMBER	0.30	Director	$0	$0	$0
MARIYA KLIMENKO	BOARD MEMBER	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	$502,854	$517,963	$146,344	$-15,109
2022	$635,737	$610,296	$350,941	$25,441
2021	$668,139	$719,957	$80,423	$-51,818

EJAC