TORCH LITERARY ARTS (EIN 873480372) - 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

2021

Legal Domicile

Principal Officer

AMANDA JOHNSTON

Phone

5126419251

Tax Period

2023-01-01 to 2023-12-31

TORCH LITERARY ARTS, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $248K in total revenue in fiscal year 2023. Expenses of $214K left a modest 13% surplus.

Mission

TO PROMOTE THE WORK OF BLACK WOMEN BY PUBLISHING CONTEMPORARY CREATIVE WRITING BY EMERGING AND EXPERIENCED WRITERS ALIKE, TO ARCHIVE CONTRIBUTORS' LITERARY WORK FOR POSTERITY AND EDUCATIONAL PURPOSES, AND PROVIDE RESOURCES AND OPPORTUNITIES FOR THE ADVANCEMENT OF BLACK WOMEN THROUGH LITERARY ARTS.

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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 $246,694

Program Service Revenue $830

Investment Income $124

Other Revenue $0

TOTAL REVENUE $247,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,697

Fundraising Expenses $0

Program Expenses $188,706

Other Expenses $125,723

TOTAL EXPENSES $214,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,648	N/A	N/A
Expenses	$214,420	N/A	N/A
Net Income	$33,228	$0	N/A

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

$74,750

Total Directors

$74,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA JOHNSTON	EXECUTIVE DIRECTOR	40.00	Officer Director	$74,750	$0	$74,750
SEQUOIA MANER	BD CHAIR (BEG OCT 23)	2.00	Officer Director	$0	$0	$0
STEPHANIE LANG	BOARD SECRETARY (AS OF DEC 2023)	2.00	Officer Director	$0	$0	$0
CANDACE LOPEZ	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
OMI JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
FLORINDA BRYANT	BOARD CHAIR (JAN 2023 TO OCT 2023)	2.00	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	$247,648	$214,420	$126,214	$33,228

TORCH LITERARY ARTS