IS183 INC (EIN 043132409) - 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

1991

Legal Domicile

Principal Officer

Mike Zippel

Phone

4132985252

Tax Period

2024-07-01 to 2025-06-30

IS183 INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $664K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $879K exceeded revenue, resulting in a 32% operating deficit.

Mission

IS183, Inc. (dba Berkshire Art Center) is a nonprofit community art school encouraging people of all ages, means and skill levels to enrich their lives through hands on experience in the visual arts.

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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 (2024)

Revenue Breakdown

Contributions & Grants $186,035

Program Service Revenue $415,142

Investment Income $667

Other Revenue $61,887

TOTAL REVENUE $663,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,650

Fundraising Expenses $27,385

Program Expenses $638,946

Other Expenses $285,888

TOTAL EXPENSES $878,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$663,731	$716,570	-0.1%
Expenses	$878,538	$778,995	+0.1%
Net Income	$-214,807	$-62,425	+2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lucie Castaldo	Executive Director	40.00		$58,358	$1,640	$59,998
Laura Thompson	Executive Director	40.00		$14,777	$0	$14,777
Gideon Brown	Director	1.00	Director	$0	$0	$0
David Mickenberg	Treasurer	1.00	Officer Director	$0	$0	$0
Mike Zippel	Board Chair	1.00	Officer Director	$0	$0	$0
Angela Hall	Vice-Chair	1.00	Officer Director	$0	$0	$0
Chris Meyer	Director	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	$663,731	$878,538	$601,227	$-214,807
2024	$716,570	$778,995	$810,646	$-62,425
2023	$629,718	$727,257	$933,995	$-97,539
2022	$773,409	$548,878	$1,041,938	$224,531
2021	$410,001	$372,665	$854,045	$37,336
2019	$484,364	$531,512	$642,765	$-47,148
2018	$553,164	$524,967	$665,788	$28,197

IS183 INC