REAL ART WAYS INC

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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

1975

Legal Domicile

Principal Officer

JOHN WILKINS

Phone

8602321006

Tax Period

2023-10-01 to 2024-09-30

REAL ART WAYS INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $620K, a strong 26% operating margin.

Mission

REAL ART WAYS IS AN ALTERNATIVE MULTIDISCIPLINARY ARTS ORGANIZATION THAT PRESENTS AND SUPPORTS CONTEMPORARY ARTISTS AND THEIR WORK, FACILITATES THE CREATION OF NEW WORK, AND CREATIVELY ENGAGES, BUILDS, AND INFORMS AUDIENCES AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $350,029 Revenue: $383,945

FILM AND VIDEO WHICH SERVED 22,965 PEOPLE DURING THE YEAR.

Program 2

Expenses: $334,386 Revenue: $1,634

VISUAL ARTS PROGRAM WHICH SERVED 28,764 PEOPLE DURING THE YEAR.

Program 3

Expenses: $170,438 Revenue: $15,828

LIVE PERFORMANCE PROGRAM WHICH SERVED 3,907 PEOPLE DURING THE YEAR.

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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 $2,015,766

Program Service Revenue $402,628

Investment Income $64,720

Other Revenue $-84,141

TOTAL REVENUE $2,398,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,020,129

Fundraising Expenses $412,059

Program Expenses $1,059,979

Other Expenses $759,050

TOTAL EXPENSES $1,779,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,398,973	$2,626,136	-0.1%
Expenses	$1,779,179	$1,656,750	+0.1%
Net Income	$619,794	$969,386	-0.4%

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

$156,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WILKINS	EXEC DIRECTO	40.00	Officer	$132,102	$24,626	$156,728
GREGG ROHDE	CHAIR	1.00	Officer Director	$0	$0	$0
YEDALIS RUIZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
DEREK HALL	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR PACHECO	DIRECTOR	1.00	Director	$0	$0	$0
ENID REY	DIRECTOR	1.00	Director	$0	$0	$0
OLU OGUIBE	DIRECTOR	1.00	Director	$0	$0	$0
REX FOWLER	TREASURER	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
2024	$2,398,973	$1,779,179	$6,107,515	$619,794
2023	$2,626,136	$1,656,750	$5,537,710	$969,386
2022	$3,944,659	$1,478,772	$4,525,806	$2,465,887
2021	$2,393,536	$1,309,534	$2,314,342	$1,084,002
2020	$1,439,386	$1,184,346	$1,048,553	$255,040
2019	$1,350,050	$1,451,964	$804,842	$-101,914
2018	$1,429,250	$1,492,972	$925,940	$-63,722