XELA INSTITUTE OF ART

EIN: 883696909 501(c)(3) Arts, Culture & Humanities

REDONDO BEACH, CA

Total Revenue
$1,200
Total Expenses
$1,200
Total Assets
N/A
Net Assets
N/A
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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
Principal Officer
RANDY RUSSELL
Phone
3102944552
Tax Period
2022-01-01 to 2022-12-31

XELA INSTITUTE OF ART, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $1K in total revenue in fiscal year 2022.

Mission

XELA INSTITUTE OF ART IS A NEW MUSEUM IN LONG BEACH THAT AIMS TO SUPPORT A WIDE BREADTH OF ARTISTS FROM THE CONTEMPORARY ART WORLD, AS WELL AS HOSTING ARTIST RESIDENCIES AND EDUCATIONAL PROGRAMS. FOUNDED IN 2022, THE XELA INSTITUTE OF ART IS ONE OF THE FEW INDEPENDENT, NON-COLLECTING INSTITUTIONS IN THE COUNTRY AND THE ONLY MUSEUM IN LONG BEACH DEDICATED TO THE PRESENTATION OF CONTEMPORARY ART ALONGSIDE MUSIC, POETRY, AND OTHER PERFORMANCE PROGRAMMING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,200
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,200
Other Expenses $1,200
TOTAL EXPENSES $1,200

Year-over-Year Comparison

2022 2021 Change
Revenue $1,200 N/A N/A
Expenses $1,200 N/A N/A
Net Income $0 N/A 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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY RUSSELL OFFICER 10.00
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
2022 $1,200 $1,200 No data No data
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