CounterPulse (EIN 942986114) - 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

1985

Legal Domicile

Principal Officer

Victor Cordon

Phone

4156262060

Tax Period

2024-07-01 to 2025-06-30

CounterPulse, founded in 1985, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $5.9M represent 56 months of operating reserves.

Mission

CounterPulse provides space and resources for emerging artists and cultural innovators, serving as an incubator for the creation of socially relevant, community-based art and culture. Counter- Pulse acts as a catalyst for art and action; creating a forum for the open [cont.]

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,081,333

Program Service Revenue $169,335

Investment Income $29,465

Other Revenue $-7,818

TOTAL REVENUE $1,272,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $654,876

Fundraising Expenses $176,325

Program Expenses $860,084

Other Expenses $663,941

TOTAL EXPENSES $1,318,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,272,315	$1,419,124	-0.1%
Expenses	$1,318,817	$1,465,261	-0.1%
Net Income	$-46,502	$-46,137	+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

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

$175,805

Total Directors

$104,287

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Phelps	Art & Exec Dir	36.00	Officer Director	$97,145	$7,142	$104,287
Susan Pleck	Dir Finance Adm	36.00	Officer	$71,518	$0	$71,518
Victor Cordon	Board Chair	2.00	Officer Director	$0	$0	$0
Peter McCormack	Vice Chair	2.00	Officer Director	$0	$0	$0
Lisa Beyer	Treasurer	2.00	Officer Director	$0	$0	$0
Diana Murphy	Secretary	2.00	Officer Director	$0	$0	$0
Carlo Abruzzese	Director	2.00	Director	$0	$0	$0
Abra Allan	Director	2.00	Director	$0	$0	$0
Shannon Hong	Director	2.00	Director	$0	$0	$0
Stephanie Kurteff	Director	2.00	Director	$0	$0	$0
Erica Huie	Director	2.00	Director	$0	$0	$0
Charity Rodgers	Director	2.00	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
2025	$1,272,315	$1,318,817	$6,252,723	$-46,502
2024	No data	No data	No data	No data
2024	$1,419,124	$1,465,261	$6,543,198	$-46,137
2023	$1,434,880	$1,143,179	$6,571,352	$291,701
2022	$2,976,388	$1,289,817	$4,854,788	$1,686,571
2021	$1,338,526	$968,014	$3,367,674	$370,512
2020	$1,153,233	$912,008	$2,986,456	$241,225
2019	$947,786	$1,058,642	$2,630,638	$-110,856
2018	$637,396	$1,226,738	$2,506,762	$-589,342

CounterPulse