HOPE CENTER FOR THE ARTS (EIN 953330221) - 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

1979

Legal Domicile

Principal Officer

JUNE MCLAUGHLIN

Phone

7147784440

Tax Period

2023-01-01 to 2023-12-31

HOPE CENTER FOR THE ARTS, founded in 1979, is a small nonprofit that reported $444K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $639K exceeded revenue, resulting in a 44% operating deficit.

Mission

THROUGH THE ARTS, WE TRANSFORM THE LIVES OF ADULTS WITH INTELLECTUAL DISABILITIES.

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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 $138,336

Program Service Revenue $305,978

Investment Income $0

Other Revenue $0

TOTAL REVENUE $444,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $402,933

Fundraising Expenses $0

Program Expenses $512,205

Other Expenses $236,331

TOTAL EXPENSES $639,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$444,314	$390,477	+0.1%
Expenses	$639,264	$523,522	+0.2%
Net Income	$-194,950	$-133,045	+0.5%

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

$92,000

Total Directors

$92,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE RADICE	CEO AND BOARD CHAIR	2.00	Officer Director	$92,000	$0	$92,000
MARGUERITE ADAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
JUNE MCLAUGHLIN	TREASURER	2.00	Officer Director	$0	$0	$0
PEPPER RUSSEL	BOARD MEMER	2.00	Director	$0	$0	$0
STEVEN DZIEKONSKI	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL BENNETT	CFO	20.00	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
2024	No data	No data	No data	No data
2023	$444,314	$639,264	$264,572	$-194,950
2022	$390,477	$523,522	$445,824	$-133,045
2021	$663,702	$460,797	$650,538	$202,905
2020	$647,402	$452,420	$517,442	$194,982
2019	$447,189	$535,136	$50,680	$-87,947

HOPE CENTER FOR THE ARTS