ARTS IMPACT INC

EIN: 010573988 501(c)(3) Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$801,511
Total Expenses
$853,623
Total Assets
$374,058
Net Assets
$349,798
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
DERRICK GRAHOVAC
Phone
2167724722
Tax Period
2022-09-01 to 2023-08-31

ARTS IMPACT INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $802K in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year.

Mission

ARTS IMPACT BRINGS LEARNING TO LIFE THROUGH ART. THE ORGANIZATION'S PRIMARY PURPOSE IS TO USE THE ARTS TO HELP CHILDREN LEARN, CREATE, IMAGINE, DREAM, EXPLORE, GROW, AND SUCCEED.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $496,860
Program Service Revenue $300,168
Investment Income $90
Other Revenue $4,393
TOTAL REVENUE $801,511

Expense Breakdown

Grants Paid $0
Salaries & Benefits $593,511
Fundraising Expenses $100,257
Program Expenses $674,838
Other Expenses $260,112
TOTAL EXPENSES $853,623

Year-over-Year Comparison

2022 2021 Change
Revenue $801,511 $945,601 -0.2%
Expenses $853,623 $841,050 +0.0%
Net Income $-52,112 $104,551 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
12
Volunteers
6

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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLYDE MILES PRESIDENT 2.00
Officer Director
$0 $0 $0
MIKE FANOUS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
DEBORAH O'NEILL TREASURER 1.00
Officer Director
$0 $0 $0
TODD A BENNI SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD CAHOON BOARD MEMBER 1.00
Director
$0 $0 $0
DAPHNE DEVETSCO BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLAS DIGIORGIO BOARD MEMBER 1.00
Director
$0 $0 $0
JASON HOEHNEN BOARD MEMBER 1.00
Director
$0 $0 $0
DJ SANTIAGO BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN SHAW BOARD MEMBER 1.00
Director
$0 $0 $0
BETH A STRAUSS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE TOMALLO BOARD MEMBER 1.00
Director
$0 $0 $0
APRIL WALKER BOARD MEMBER 1.00
Director
$0 $0 $0
DERRICK GRAHOVAC EXECTUIVE DI 40.00
Officer
$0 $0 $0
LENORA LNEZ BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN G SOKANY BOARD MEMBER 1.00
Director
$0 $0 $0
ERICA M THOMAS BOARD MEMBER 1.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $801,511 $853,623 $374,058 $-52,112
2022 $945,601 $841,050 $434,363 $104,551
2021 $758,343 $619,473 $312,435 $138,870
2020 $542,191 $647,746 $269,899 $-105,555
2019 $721,609 $619,748 $274,930 $101,861
2018 $479,702 $693,325 $168,533 $-213,623
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