Kala Art Institute (EIN 942372185) - 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

1976

Legal Domicile

Principal Officer

Perrin Meyer

Phone

5408417000

Tax Period

2023-10-01 to 2024-09-30

Kala Art Institute, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023.

Mission

Kala Art Institute's mission is to help artists sustain their creative work over time through its Artist-in-Residence and Fellowship Programs, and to engage the community through exhibitions, public programs and education.

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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 $748,298

Program Service Revenue $620,137

Investment Income $14,482

Other Revenue $171,237

TOTAL REVENUE $1,554,154

Expense Breakdown

Grants Paid $31,850

Salaries & Benefits $739,974

Fundraising Expenses $195,246

Program Expenses $945,032

Other Expenses $764,862

TOTAL EXPENSES $1,536,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,554,154	$1,551,150	+0.0%
Expenses	$1,536,686	$1,469,010	+0.0%
Net Income	$17,468	$82,140	-0.8%

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

$164,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mayumi Hamanaka	Artistic Dir.	40.00	Officer	$75,582	$7,050	$82,632
Ellen Lake	Executive Dir.	40.00	Officer	$76,956	$5,100	$82,056
Perrin Meyer	President	5.00	Officer Director	$0	$0	$0
Davis Dave Riemer	Vice President	5.00	Officer Director	$0	$0	$0
Julie McCray	Director	5.00	Director	$0	$0	$0
Bruce Helmberger	Director	5.00	Director	$0	$0	$0
Sylvia Solochek Walters	Director	5.00	Director	$0	$0	$0
Frederick Fassett	Director	5.00	Director	$0	$0	$0
Alice Beasley	Director	5.00	Director	$0	$0	$0
Thomas Foster	Director	5.00	Director	$0	$0	$0
Maya Hara	Secretary	5.00	Officer Director	$0	$0	$0
Archana Horsting	Founding Dir	5.00	Officer Director	$0	$0	$0
Jules Roman	Director	5.00	Director	$0	$0	$0
Sue Kubly	Director	5.00	Director	$0	$0	$0
Carol Ladewig	Director	5.00	Director	$0	$0	$0
Manny Lopez	Director	5.00	Director	$0	$0	$0
Joanne Kamiya	Director	5.00	Director	$0	$0	$0
Amrita Singhal	Treasurer	5.00	Officer Director	$0	$0	$0
Jimin Lee	Director	5.00	Director	$0	$0	$0
Lucy Puls	Director	5.00	Director	$0	$0	$0
Ronnie Sampson	Director	5.00	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	$1,554,154	$1,536,686	$2,277,107	$17,468
2023	$1,551,150	$1,469,010	$2,228,951	$82,140
2022	$1,396,279	$1,218,707	$2,143,049	$177,572
2021	$1,106,116	$1,048,066	$1,891,086	$58,050

Kala Art Institute