HOMEBOY ART ACADEMY INC (EIN 861230263) - 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

THOMAS VOZZO

Phone

3235261254

Tax Period

2023-01-01 to 2023-12-31

HOMEBOY ART ACADEMY INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 297% from the prior year, signaling strong growth momentum. The organization ran a surplus of $811K, a strong 47% operating margin.

Mission

TO RELIEVE POVERTY AND DISTRESS OF THE UNDERPRIVILEGED, LESSEN NEIGHBOR TENSIONS, ELIMINATE PREJUDICE AND DISCRIMINATION, AND COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AND UNDERSERVED COMMUNITIES THROUGH THE USE OF ART AND OTHER CREATIVE MEANS.

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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 $1,710,647

Program Service Revenue $0

Investment Income $0

Other Revenue $25,850

TOTAL REVENUE $1,736,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,285

Fundraising Expenses $0

Program Expenses $925,053

Other Expenses $476,768

TOTAL EXPENSES $925,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,736,497	$436,965	+3.0%
Expenses	$925,053	$685,123	+0.4%
Net Income	$811,444	$-248,158	-4.3%

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

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

$502,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERNILLE LOPEZ	CHAIR	1.00	Officer Director	$0	$0	$0
VIKTOR RZETELJSKI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HILDA ECHEVERRIA	SECRETARY	1.00	Officer Director	$0	$0	$0
GILBERT MURO	CFO	1.00	Officer	$0	$0	$199,373
SHIRLEY TORRES	CHIEF PROGRAM OFFICER	1.00	Officer	$0	$0	$168,693
FABIAN DEBORA	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$134,255
THOMAS VOZZO	CEO	1.00	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	$1,736,497	$925,053	$1,533,915	$811,444
2022	$436,965	$685,123	$729,752	$-248,158
2021	$1,483,486	$565,517	$958,927	$917,969
2020	$164,096	$130,188	$33,908	$33,908

HOMEBOY ART ACADEMY INC