ARTS FOR LEARNING MASSACHUSETTS INC (EIN 046065276) - 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

1962

Legal Domicile

Principal Officer

JULIE MCCONCHIE

Phone

6176299262

Tax Period

2023-07-01 to 2024-06-30

ARTS FOR LEARNING MASSACHUSETTS INC, founded in 1962, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

TO EDUCATE, INSPIRE AND EMPOWER THE YOUTH OF MASSACHUSETTS THROUGH THE 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 (2023)

Revenue Breakdown

Contributions & Grants $260,865

Program Service Revenue $732,346

Investment Income $0

Other Revenue $63,821

TOTAL REVENUE $1,057,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $462,881

Fundraising Expenses $0

Program Expenses $923,079

Other Expenses $682,663

TOTAL EXPENSES $1,145,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,057,032	$1,193,575	-0.1%
Expenses	$1,145,544	$1,148,619	0.0%
Net Income	$-88,512	$44,956	-3.0%

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

N/A

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
NANCY K GITTELSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK HAAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
CAREN CONNELLY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID REIFFEL	DIRECTOR	2.00	Director	$0	$0	$0
AMY ISEPPI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JEWETT	TREASURER	2.00	Officer Director	$0	$0	$0
CAROLE JABBAWY	DIRECTOR	1.00	Director	$0	$0	$0
MARK E KADAR	SECRETARY	2.00	Officer Director	$0	$0	$0
SONIA ARISTA	DIRECTOR	1.00	Director	$0	$0	$0
LISA HILLENBRAND	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KRASIN	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA MARGETSON	DIRECTOR	1.00	Director	$0	$0	$0
MAYA PERETZMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIRKO CHARDIN	ADVISOR	1.00	Director	$0	$0	$0
NICKKI DAWES	ADVISOR	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
2024	$1,057,032	$1,145,544	$737,998	$-88,512
2023	$1,193,575	$1,148,619	$836,464	$44,956
2022	$985,587	$872,274	$774,178	$113,313
2021	$692,600	$614,989	$812,146	$77,611
2020	$625,843	$719,521	$589,215	$-93,678
2019	$815,658	$851,253	$611,471	$-35,595
2018	$877,482	$872,103	$652,892	$5,379

ARTS FOR LEARNING MASSACHUSETTS INC