REAL ART WAYS INC

EIN: 060958072 501(c)(3) Arts, Culture & Humanities

HARTFORD, CT

Total Revenue
$2,398,973
Total Expenses
$1,779,179
Total Assets
$6,107,515
Net Assets
$5,864,207
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
CT
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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
32
Volunteers
31

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
5
$156,728
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Connecticut →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare REAL ART WAYS INC with other nonprofits in Connecticut and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.