ARTWORKS THE NAOMI COHAIN FOUNDATION INC (EIN 020617654) - 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

2002

Legal Domicile

Principal Officer

LAURA LANGLEY

Phone

2016080146

Tax Period

2021-01-01 to 2021-12-31

ARTWORKS THE NAOMI COHAIN FOUNDATION INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $150K in total revenue in fiscal year 2021. Revenue decreased 13% compared to the prior year. Expenses of $128K left a modest 15% surplus.

Mission

ARTWORKS PROVIDES CHILDREN AND YOUNG ADULTS SUFFERING FROM CHRONIC AND LIFE-THREATENING ILLNESSES, AND THEIR SIBLINGS, ACCESS TO CREATIVE AND PERFORMING ARTS PROGRAMS THAT ENCOURAGE THE USE OF THE CREATIVE PROCESS AS A VEHICLE FOR HEALING, COMMUNICATION, SELF-EXPRESSION, AND PERSONAL DEVELOPMENT. ARTWORKS SEEKS TO EMPOWER, VALIDATE AND HONOR THESE CHILDREN BY OFFERING THEM THE HANDS-ON EXPERIENCE AND MATERIALS WITH WHICH TO CREATE, AS WELL AS THE OPPORTUNITY TO PUBLICLY SHARE THEIR ARTISTIC ACCOMPLISHMENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $104,402

Program Service Revenue $41,475

Investment Income $4,106

Other Revenue $0

TOTAL REVENUE $149,983

Expense Breakdown

Grants Paid $300

Salaries & Benefits $90,278

Fundraising Expenses $29,204

Program Expenses $93,091

Other Expenses $37,066

TOTAL EXPENSES $127,644

Year-over-Year Comparison

	2021	2020	Change
Revenue	$149,983	$171,735	-0.1%
Expenses	$127,644	$249,763	-0.5%
Net Income	$22,339	$-78,028	-1.3%

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

$45,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELA MENDELSOHN	FOUNDER, EX-OFFICIO	2.00	Director	$0	$0	$0
PETER BREMBERG	TRUSTEE	2.00	Director	$0	$0	$0
BRIANNA ELEFANT	TRUSTEE/CO-BOARD CHAIR	2.00	Officer Director	$0	$0	$0
PHILLIP MICHAEL	TRUSTEE	2.00	Director	$0	$0	$0
CYNTHIA COHAIN	TRUSTEE/CO-BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DAVID COHAIN	TRUSTEE	2.00	Director	$0	$0	$0
LAURA LANGLEY	PRES/EXEC DIRECTOR	40.00	Officer	$45,440	$0	$45,440

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
2021	$149,983	$127,644	$144,415	$22,339
2020	$171,735	$249,763	$136,857	$-78,028
2019	$387,265	$470,438	$142,519	$-83,173
2018	$322,544	$400,725	$211,204	$-78,181

ARTWORKS THE NAOMI COHAIN FOUNDATION INC