THE H E ART PROJECT dba ARTWORXLA (EIN 954199692) - 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

1992

Legal Domicile

Principal Officer

Lisa Copeland

Phone

3234651404

Tax Period

2023-07-01 to 2024-06-30

THE H E ART PROJECT dba ARTWORXLA, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

ARTWORXLA COMBATS THE HIGH SCHOOL DROPOUT CRISIS BY ENGAGING STUDENTS IN A LONG-TERM, SEQUENTIAL ARTS PROGRAM OFFERING A PURSUABLE LIFE PATH THAT INSPIRES THEM TO STAY IN SCHOOL, EVOLVE AS UNIQUE INDIVIDUALS AND FLOURISH AS CREATIVE ADULTS.

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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 $888,109

Program Service Revenue $597,126

Investment Income $2

Other Revenue $-8,643

TOTAL REVENUE $1,476,594

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $1,202,553

Fundraising Expenses $180,134

Program Expenses $1,282,587

Other Expenses $318,266

TOTAL EXPENSES $1,523,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,476,594	$1,712,341	-0.1%
Expenses	$1,523,819	$1,919,480	-0.2%
Net Income	$-47,225	$-207,139	-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

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

$130,193

Total Directors

$130,193

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Audrey Salzburg	Dir of Dev&Comm	40.00		$126,667	$5,784	$132,451
Jaime Zavala	Executive Dir.	40.00	Officer Director	$123,969	$6,224	$130,193
Sabrina K Garba	Chair	3.00	Officer Director	$0	$0	$0
Jordan Cerf	Vice-Chair	3.00	Officer Director	$0	$0	$0
Leo Quintero	Secretary	3.00	Director	$0	$0	$0
Lisa Copeland	Treasurer	3.00	Officer Director	$0	$0	$0
Alysia Anderson	Director	3.00	Director	$0	$0	$0
Ned Brown	Director	3.00	Director	$0	$0	$0
Michelle Cauley	Director	3.00	Director	$0	$0	$0
Shari Holly	Director	3.00	Director	$0	$0	$0
Grant C Kirkpatrick	Director	3.00	Director	$0	$0	$0
Ronald D Rosen	Director	3.00	Director	$0	$0	$0
Rennie Solis	Director	3.00	Director	$0	$0	$0
Marc Webb	Director	3.00	Director	$0	$0	$0
Samantha Duran	Alumni Rep	3.00	Director	$0	$0	$0
Isaak Salgado	Student Rep	3.00	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	$1,476,594	$1,523,819	$148,726	$-47,225
2023	$1,712,341	$1,919,480	$138,212	$-207,139
2022	$1,412,058	$1,387,678	$530,674	$24,380
2021	$1,294,123	$1,269,749	$508,014	$24,374
2020	$1,285,359	$1,367,199	$507,882	$-81,840
2019	$1,389,511	$1,688,802	$372,038	$-299,291
2018	$1,421,589	$1,404,223	$672,404	$17,366

THE H E ART PROJECT dba ARTWORXLA