DOWNTOWN ART CENTER (EIN 990354745) - 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

2001

Legal Domicile

Principal Officer

SANDRA POHL

Phone

8082264787

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN ART CENTER, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $868K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $836K left a modest 4% surplus.

Mission

TO ENCOURAGE AND PROMOTE CULTURE AND THE ARTS IN THE STATE OF HAWAII. TO COMBAT NEIGHBORHOOD DETERIORATION AND IMPROVE COMMUNITY CONDITIONS IN THE DOWNTOWN HONOLULU AREA.

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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 $481,688

Program Service Revenue $356,832

Investment Income $9,006

Other Revenue $20,833

TOTAL REVENUE $868,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,620

Fundraising Expenses $0

Program Expenses $526,774

Other Expenses $703,842

TOTAL EXPENSES $836,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$868,359	$779,022	+0.1%
Expenses	$836,462	$801,618	+0.0%
Net Income	$31,897	$-22,596	-2.4%

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

$40,718

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TWIGG-SMITH SHARON	PRESIDENT	3.00	Officer Director	$0	$0	$0
LING FLORA	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
MULLIKEN NOREEN	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
MERRIAM MARK	TREASURY	3.00	Officer Director	$0	$0	$0
LI SUSAN	SECRETARY	2.50	Officer Director	$0	$0	$0
SANDRA POHL	EXECUTIVE DIRECTOR	15.00	Officer	$40,718	$0	$40,718

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	$868,359	$836,462	$351,382	$31,897
2023	$779,022	$801,618	$316,908	$-22,596
2022	$658,744	$409,300	$339,504	$249,444
2021	$227,396	$170,726	$90,060	$56,670

DOWNTOWN ART CENTER