ARTS EMPOWERING LIFE INC (EIN 043017097) - 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

1988

Legal Domicile

Principal Officer

SARAH R KANAGA

Phone

5082553999

Tax Period

2023-07-01 to 2024-06-30

ARTS EMPOWERING LIFE INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $519K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $654K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO STUDY, ADVOCATE, PERFORM, AND PROMOTE EXCELLENCE IN THE PERFORMING AND VISUAL ARTS AND PROVIDE INSPIRATION AND EDUCATION OF OTHERS.

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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 $441,818

Program Service Revenue $29,785

Investment Income $205

Other Revenue $47,660

TOTAL REVENUE $519,468

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $107,102

Fundraising Expenses $13,478

Program Expenses $419,999

Other Expenses $446,627

TOTAL EXPENSES $653,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,468	$671,647	-0.2%
Expenses	$653,729	$623,766	+0.0%
Net Income	$-134,261	$47,881	-3.8%

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

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH R KANAGA	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN MINOR	TREASURER	1.00	Officer Director	$0	$0	$0
LINDSEY KANAGA	CLERK	1.00	Officer Director	$0	$0	$0
DANIEL FORD	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA KANAGA	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE PRICE	DIRECTOR	1.00	Director	$0	$0	$0
MARY FRENCH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL PFEIFFER	DIRECTOR	1.00	Director	$0	$0	$0
GAIL GIBSON	ASST CLERK	1.00	Officer 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	$519,468	$653,729	$1,595,782	$-134,261
2023	$671,647	$623,766	$1,401,349	$47,881
2022	$878,514	$763,653	$1,682,274	$114,861
2021	$693,994	$662,252	$1,601,006	$31,742
2020	$1,536,930	$816,378	$1,602,672	$720,552
2019	$1,425,606	$1,189,927	$2,410,201	$235,679

ARTS EMPOWERING LIFE INC