VOLUNTEER LAWYERS FOR THE ARTS INC (EIN 132936291) - 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

1969

Legal Domicile

Principal Officer

KATHRYN E WAGNER ESQ

Phone

2123192787

Tax Period

2022-07-01 to 2023-06-30

VOLUNTEER LAWYERS FOR THE ARTS INC, founded in 1969, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $415K, a strong 24% operating margin.

Mission

VLA PROVIDES PRO BONO LEGAL SERVICES, MEDIATION, EDUCATIONAL PROGRAMS, AND ADVOCACY TO THE ARTS COMMUNITY IN NEW YORK AND BEYOND. LAST YEAR, VLA SERVED MORE THAN 10,000 MEMBERS OF THE ARTS COMMUNITY AND FACILITATED THE CONTRIBUTION OF MORE THAN $20 MILLION OF FREE LEGAL SERVICES TO ARTISTS IN NEED AND ARTS & CULTURAL ORGANIZATIONS (ACOS) IN NEED FROM ALL ARTISTIC DISCIPLINES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,601,838

Program Service Revenue $92,882

Investment Income $8,192

Other Revenue $495

TOTAL REVENUE $1,703,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $982,770

Fundraising Expenses $133,535

Program Expenses $1,069,079

Other Expenses $305,807

TOTAL EXPENSES $1,288,577

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,703,407	$1,425,584	+0.2%
Expenses	$1,288,577	$1,274,677	+0.0%
Net Income	$414,830	$150,907	+1.7%

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

1285

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

$277,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY COHEN ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
CYNTHIA S ARATO ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DONNA ROSS DANIELS ESQ	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL E SALZMAN ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD ALSOP ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRY BALLAN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD COPELAND ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA DAIGNAULT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET A DALE ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN D DAVIS ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN F DELANEY ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS GAGLIO ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY GILMAN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY H GLASER ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN G HAMILL ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK P HANNAFEY ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL T HEYRICH ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL ILAN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
ELEANOR M LACKMAN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL C LASKY ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
DEIRDRE M MCDONALD ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS R NEMEC ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER R RIENECKER ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCHAPER ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDRES SERRANO	BOARD MEMBER	1.00	Director	$0	$0	$0
PRITESH P SHAH ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
SABRINA SILVERBERG ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY I SLOTNICK ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
ALISON I STEIN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH C TEDESCHI ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA VIOLA ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN E WAGNER ESQ	EXECUTIVE DIRECTOR	40.00	Officer	$257,470	$19,815	$277,285
AMY A LEHMAN ESQ	DIRECTOR OF LEGAL SERVICES	40.00	Highest	$167,283	$21,152	$188,435

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,703,407	$1,288,577	$2,908,508	$414,830
2022	$1,425,584	$1,274,677	$1,654,804	$150,907
2021	$1,417,543	$1,097,237	$1,760,254	$320,306
2020	$1,005,284	$1,077,286	$1,356,829	$-72,002
2019	$1,294,574	$1,037,037	$1,294,368	$257,537
2018	$1,005,203	$1,035,038	$1,018,797	$-29,835

VOLUNTEER LAWYERS FOR THE ARTS INC