ARTS FOR ART INC (EIN 133991848) - 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

1997

Legal Domicile

Principal Officer

Patricia Nicholson Parker

Phone

2122545420

Tax Period

2023-08-01 to 2024-07-31

ARTS FOR ART INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $737K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 19% operating margin.

Mission

Arts for Art is dedicated to the exceptional creativity that origin- ated in the African-American multi-arts jazz culture and utilizes improvisation to express a larger, more positive dream of inclusion and freedom.

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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 $634,838

Program Service Revenue $101,626

Investment Income $42

Other Revenue $0

TOTAL REVENUE $736,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,760

Fundraising Expenses $0

Program Expenses $244,556

Other Expenses $385,553

TOTAL EXPENSES $596,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$736,506	$588,854	+0.3%
Expenses	$596,313	$701,923	-0.2%
Net Income	$140,193	$-113,069	-2.2%

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

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

$53,000

Key Employees

$79,338

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Urania Mylonas	Member	10.00	Director	$0	$0	$0
Patricia Ali	Treasurer	10.00	Officer Director	$0	$0	$0
Jo Wood Brown	Secretary	10.00	Officer Director	$0	$0	$0
Whit Dickey	Member	10.00	Director	$0	$0	$0
Tom Carhart	Member	10.00	Director	$0	$0	$0
Patricia Nicholson Parker	Executive Director	40.00	Director Key Emp	$53,000	$0	$53,000
William Parker	Co-Chairman	10.00	Officer Director	$0	$0	$0
David Kreuter	Co-Chairman	10.00	Director	$0	$0	$0
Todd Nicholson	Board Member	40.00	Key Emp Highest	$26,338	$0	$26,338
Carter Mathes	Member	10.00	Director	$0	$0	$0
Ashton Coghlan	Member	10.00	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
2024	$736,506	$596,313	$208,750	$140,193
2023	$588,854	$701,923	$71,606	$-113,069
2022	$673,875	$703,414	$184,675	$-29,539
2021	$643,472	$586,739	$214,213	$56,733

ARTS FOR ART INC