ARTSBOSTON INC (EIN 042563054) - 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

1975

Legal Domicile

Principal Officer

YVONNE CAIN

Phone

6172628632

Tax Period

2023-09-01 to 2024-08-31

ARTSBOSTON INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

ARTSBOSTON CONNECTS PEOPLE TO AND THROUGH THE ARTS. WE ACTIVATE AUDIENCE BUILDING AND ENGAGEMENT TOOLS, PROFESSIONAL DEVELOPMENT NETWORKS AND RESOURCES, AND ARTS RESEARCH TO FOSTER THE GROWTH OF AN EQUITABLE AND INCLUSIVE ARTS COMMUNITY IN GREATER BOSTON, ONE THAT WELCOMES AND REPRESENTS EVERYONE. WE BUILD COMMUNITY AND ADVOCATE FOR THE ESSENTIAL ROLE OF THE ARTS SECTOR IN OUR CIVIC, ECONOMIC, AND CULTURAL LIFE.ARTSBOSTON LEADS DIALOGUES AND ACTION TO CREATE A MORE INCLUSIVE, EQUITABLE, AND DIVERSE ARTS SECTOR; DEVELOPS NEW AUDIENCES AND INCREASES EQUITY IN ARTS PARTICIPATION; USES THE POWER OF ARTS AND CULTURE TO HELP MAKE GREATER BOSTON A VIBRANT AND WELCOMING PLACE TO LIVE, WORK, AND VISIT; AND ADVANCES COLLABORATION AND ADVOCACY TO INCREASE INVESTMENT IN ARTS AND CULTURE.

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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 $260,727

Program Service Revenue $430,744

Investment Income $255

Other Revenue $322,681

TOTAL REVENUE $1,014,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $379,818

Fundraising Expenses $134,945

Program Expenses $792,942

Other Expenses $628,664

TOTAL EXPENSES $1,008,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,014,407	$900,531	+0.1%
Expenses	$1,008,482	$1,208,815	-0.2%
Net Income	$5,925	$-308,284	-1.0%

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

$157,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS YVONNE LEUNG CAIN	BOARD CHAIR	0.80	Officer Director	$0	$0	$0
MS ANNA FITZLOFF	VICE CHAIR	0.80	Officer Director	$0	$0	$0
MR DAVID SPECTOR	TREASURER	0.80	Officer Director	$0	$0	$0
MS RUTH MERCADO-ZIZZO	SECRETARY	0.80	Officer Director	$0	$0	$0
MR TIVON MARCUS THRU 824	DIRECTOR	0.50	Director	$0	$0	$0
MR JOSE NIETO	DIRECTOR	0.50	Director	$0	$0	$0
MR GREG BLASE	DIRECTOR	0.50	Director	$0	$0	$0
MS LESLIE WU	DIRECTOR	0.50	Director	$0	$0	$0
MS DAWN SIMMONS	DIRECTOR	0.50	Director	$0	$0	$0
MS CATHERINE PETERSON	EXECUTIVE DIRECTOR	35.00	Officer	$144,542	$13,421	$157,963

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	$1,014,407	$1,008,482	$511,738	$5,925
2023	$900,531	$1,208,815	$646,662	$-308,284
2022	$1,188,216	$1,123,200	$826,009	$65,016
2021	$633,950	$900,859	$648,220	$-266,909
2020	$1,339,957	$1,594,316	$816,085	$-254,359
2019	$1,556,892	$1,784,922	$1,042,829	$-228,030
2018	$1,701,363	$2,012,100	$1,258,796	$-310,737

ARTSBOSTON INC