509 CULTURAL CENTER (EIN 943095774) - 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

1987

Legal Domicile

Principal Officer

LAURIE LAZER

Phone

4152555971

Tax Period

2023-11-01 to 2024-10-31

509 CULTURAL CENTER, founded in 1987, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $88K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 171% operating deficit.

Mission

THE CENTER ORGANIZES CONTEMPORARY ART EXHIBITIONS, PERFORMING ARTS EVENTS, ARTS EDUCATION, PUBLIC ART PROGRAMS AND AN ARTIST IN RESIDENCY PROGRAM DESIGNED TO AMPLIFY THE VOICES OF THE DOWNTOWN TENDERLOIN/6TH STREET NEIGHBORHOODS DIVERSE ARTISTS AND RESIDENTS.

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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 $80,944

Program Service Revenue $98

Investment Income $20

Other Revenue $6,989

TOTAL REVENUE $88,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,901

Fundraising Expenses $19,242

Program Expenses $198,123

Other Expenses $150,610

TOTAL EXPENSES $238,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$88,051	$141,312	-0.4%
Expenses	$238,511	$267,309	-0.1%
Net Income	$-150,460	$-125,997	+0.2%

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

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

Total Directors

$71,293

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL SMITH	CO-EXECUTIVE DIRECTOR	40.00	Director	$21,293	$0	$21,293
LAURIE LAZER	CO-EXECUTIVE DIRECTOR	20.00	Director	$50,000	$0	$50,000
DEREK SONG	TRUSTEE	0.50	Director	$0	$0	$0
PAULA PEREIRA	TREASURER	0.50	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
2024	$88,051	$238,511	$394,426	$-150,460
2023	$141,312	$267,309	$552,812	$-125,997
2022	$662,841	$487,563	$683,130	$175,278
2021	$698,200	$744,732	$515,145	$-46,532

509 CULTURAL CENTER