ART SWEATS 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

1994

Legal Domicile

Principal Officer

ERIN ROY

Phone

6464810624

Tax Period

2022-07-01 to 2023-06-30

ART SWEATS INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $380K in total revenue in fiscal year 2022. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $431K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE THE NECESSARY RESOURCES FOR THE CREATION, PERFORMANCE AND PRESERVATION OF ORIGINAL DANCE WORKS BY DAVID DORFMAN. THE ORGANIZATION PERFORMS ORIGINAL WORKS OF DANCE NATIONALLY AND INTERNATIONALLY.

Program Service Accomplishments

Program 1

Expenses: $336,371 Revenue: $270,664

PERFORMANCES TO THOUSANDS OF PEOPLE THROUGHOUT THE UNITED STATES, EUROPE AND SOUTH AMERICA. CREATION OF NEW WORKS OF DANCE.

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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 $108,483

Program Service Revenue $270,664

Investment Income $0

Other Revenue $766

TOTAL REVENUE $379,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,438

Fundraising Expenses $35,419

Program Expenses $336,371

Other Expenses $220,637

TOTAL EXPENSES $431,075

Year-over-Year Comparison

	2022	2021	Change
Revenue	$379,913	$649,129	-0.4%
Expenses	$431,075	$401,506	+0.1%
Net Income	$-51,162	$247,623	-1.2%

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

$40,270

Total Directors

$10,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN ROY	EXECUTIVE DIRECTOR	40.00	Officer	$40,270	$0	$40,270
KELLIE ANN LYNCH	BOARD MEMBER	1.00	Director	$10,875	$0	$10,875
DAVID DORFMAN	BOARD MEMBER/ARTISTIC DIRECTOR	1.00	Officer Director	$0	$0	$0
RUDY NICKENS	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL O'NEIL	EMERITUS	1.00	Officer Director	$0	$0	$0
MATT OLDANI	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN WALTUCK	SECRETARY	1.00	Officer Director	$0	$0	$0
GINGER GILLESPIE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHLOE CARLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MITCHELL KARP	BOARD MEMBER	1.00	Director	$0	$0	$0
SOLUNIS NICOLE BAY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID KYUMAN KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK UTTERBACK	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$379,913	$431,075	$360,711	$-51,162
2022	$649,129	$401,506	$425,876	$247,623
2021	$289,931	$175,914	$214,585	$114,017
2020	$230,917	$291,375	$130,370	$-60,458
2019	$437,080	$320,536	$173,975	$116,544
2018	$291,893	$265,879	$77,413	$26,014