Lakai Arts Inc

EIN: 882168496 501(c)(3) Arts, Culture & Humanities

Dorchester Center, MA

Total Revenue
$53,122
Total Expenses
$42,051
Total Assets
$21,737
Net Assets
$21,065
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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
2022
Legal Domicile
MA
Principal Officer
McKersin Previlus
Phone
3392244132
Tax Period
2023-01-01 to 2023-12-31

Lakai Arts Inc, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $53K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $11K, a strong 21% operating margin.

Mission

Restoring communities of color through the Arts and combining Arts Education with tools of self sufficiency.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $50,000
Program Service Revenue $3,122
Investment Income $0
Other Revenue $0
TOTAL REVENUE $53,122

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,000
Fundraising Expenses $0
Program Expenses $11,829
Other Expenses $39,051
TOTAL EXPENSES $42,051

Year-over-Year Comparison

2023 2022 Change
Revenue $53,122 $92,728 -0.4%
Expenses $42,051 $81,299 -0.5%
Net Income $11,071 $11,429 0.0%
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

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Governance

Voting Members
1
Independent Members
N/A
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
McKersin Previlus President 010.00
Director
$0 $0 $0
Malik Campbell- Greene Treasurer 010.00
Director
$0 $0 $0
Kervins Jean Director 010.00
Director
$0 $0 $0
Tu Phan Clerk 010.00
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
2023 $53,122 $42,051 $21,737 $11,071
2022 $92,728 $81,299 $-1,497 $11,429
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