ARTARIA

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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

2014

Legal Domicile

Principal Officer

SUSAN SOPHOCLEUS

Phone

6515877595

Tax Period

2023-07-01 to 2024-06-30

ARTARIA, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $278K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

ARTARIA CENTERS ON STRING QUARTET PERFORMANCE AND EDUCATION IN MINNESOTA. IT IS COMMITTED TO PRESENTING INSPIRING PERFORMANCES, TO MENTORING STRING PLAYERS OF ALL AGES, AND TO ILLUMINATE THE WORLD'S GREAT REPERTOIRE OF CHAMBER MUSIC TO A BROAD AUDIENCE.

Program Service Accomplishments

Program 1

Expenses: $244,696 Revenue: $174,688

"ARTARIA PERFORMED 35 PUBLIC CONCERTS LAST YEAR AND CURATED DOZENS OF YOUTH CONCERTS AND FREE OUTREACH EVENTS. ARTARIA PRESENTS TWO NATIONAL CHAMBER MUSIC COMPETITIONS EACH SPRING (SPSQC) AND DIRECTS A TWO-WEEK NATIONAL SUMMER MUSIC FESTIVAL EACH SUMMER (STRINGWOOD). ADULT ATTENDANCE IN OUR PROGRAMS WAS 3451 AND YOUTH PARTICIPATION WAS 120. "

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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 $102,929

Program Service Revenue $172,228

Investment Income $0

Other Revenue $2,460

TOTAL REVENUE $277,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,864

Program Expenses $244,696

Other Expenses $271,890

TOTAL EXPENSES $271,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,617	$206,578	+0.3%
Expenses	$271,890	$229,027	+0.2%
Net Income	$5,727	$-22,449	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX SCHEEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GRANDSTRAND	TREASURER	1.00	Officer Director	$0	$0	$0
ELENI SOPHOCLUES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN M WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE PARKS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SOPHOCLEUS	CHAIR	1.00	Officer Director	$0	$0	$0
TOM PETERSON	SECRETARY	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	$277,617	$271,890	$83,021	$5,727
2023	$206,578	$229,027	$77,293	$-22,449
2022	$230,265	$218,771	$100,776	$11,494
2019	$218,641	$210,513	$36,487	$8,128