RACE MATTERS SLO COUNTY

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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

2021

Legal Domicile

Principal Officer

Laura Albers

Phone

8052426256

Tax Period

2023-01-01 to 2023-12-31

RACE MATTERS SLO COUNTY, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2023. Revenue surged 215% from the prior year, signaling strong growth momentum.

Mission

R.A.C.E. Matters SLO Countys mission is to create artistic cultural educational and social experiences that amplify Black voices and matters of racial justice.

Program Service Accomplishments

Program 1

Expenses: $49,276 Revenue: $26,368

Braiding Water was a multi-location art and cultural festival that wove together ceremony joy and care for our environment. Activities included a lifeguard station art installation opening ceremony film program beach cleanup Stories Matter and a facilitated conversation about water and race.

Program 2

Expenses: $66,417 Revenue: $75,151

Texture is a Black-centered multi-use space with a salon that welcomes rotating stylists. Beyond offering hair services Texture is envisioned as an inspiring cultural hub for the organizations...

Texture is a Black-centered multi-use space with a salon that welcomes rotating stylists. Beyond offering hair services Texture is envisioned as an inspiring cultural hub for the organizations programs and events. Most activity in 2023 was spent finding the location and preparing the building and space for use.

Program 3

Expenses: $17,630 Revenue: $0

Noire SLO is a social initiative aimed at connecting the Black community. 2023 activities included hosting Black Santa a Black-centered social event and supporting the design and opening of Texture.

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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 $245,984

Program Service Revenue $17,768

Investment Income $374

Other Revenue $-7,661

TOTAL REVENUE $256,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,297

Fundraising Expenses $7,119

Program Expenses $238,200

Other Expenses $163,911

TOTAL EXPENSES $266,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,465	$81,447	+2.1%
Expenses	$266,208	$77,612	+2.4%
Net Income	$-9,743	$3,835	-3.5%

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

$30,067

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Preston Allen	President	2.00	Officer	$0	$0	$0
Renoda Campbell	Secretary	2.00	Officer	$0	$0	$0
Laura Albers	Treasurer	5.00	Officer	$0	$0	$0
Alexis Smith	Director	1.00	Director	$0	$0	$0
Julie Lynem	Director	1.00	Director	$0	$0	$0
Courtney Haile	Executive Director	25.00	Officer	$30,067	$0	$30,067

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
2023	$256,465	$266,208	$83,389	$-9,743