ARETE LIVING ARTS FOUNDATION

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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

2003

Legal Domicile

Principal Officer

Caeser Whiteman

Phone

7183491681

Tax Period

2024-01-01 to 2024-12-31

ARETE LIVING ARTS FOUNDATION, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $232K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $223K left a modest 4% surplus.

Mission

The creation and support of arts that inspire personal, political, or spiritual awakening.

Program Service Accomplishments

Program 1

Expenses: $207,442 Revenue: $185,399

Our emerging artist galleries and work studios present exhibitions of emerging artist, provides workspace, mentorship, and business and marketing guidance . The Gallery also offers summer youth...

Our emerging artist galleries and work studios present exhibitions of emerging artist, provides workspace, mentorship, and business and marketing guidance . The Gallery also offers summer youth programs.

Program 2

Expenses: $6,719 Revenue: $802

Music and multimedia performances

Program 3

Expenses: $783 Revenue: $0

Film Projects

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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 $15,738

Program Service Revenue $216,101

Investment Income $0

Other Revenue $0

TOTAL REVENUE $231,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160

Fundraising Expenses $4,625

Program Expenses $214,982

Other Expenses $222,752

TOTAL EXPENSES $223,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,839	$191,016	+0.2%
Expenses	$223,162	$210,674	+0.1%
Net Income	$8,677	$-19,658	-1.4%

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

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

$160

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Caeser Whiteman	Executive Director	30	Key Emp	$160	$0	$160
Heather Milburn	Board President	10	Director	$0	$0	$0
Jackie Gardner	Treasurer	5	Director	$0	$0	$0
Kalina Rumbalski	Secretary	5	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	$231,839	$223,162	$23,967	$8,677
2023	$191,016	$210,674	$15,290	$-19,658
2022	$249,803	$279,972	$34,948	$-30,169
2021	$302,512	$265,119	$76,042	$37,393