ARTOPOLIS DEVELOPMENT

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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

1998

Legal Domicile

Principal Officer

Esther Robinson

Phone

9175233019

Tax Period

2024-01-01 to 2024-12-31

ARTOPOLIS DEVELOPMENT, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring.

Mission

ArtBuilt is a solutions-focused nonprofit that builds new systems of support for artists based on access to affordable real estate, asset building and deeply reciprocal relationships with local communities.

Program Service Accomplishments

Program 1

Expenses: $1,045,750 Revenue: $1,067,840

Artopolis Development (the Organization) is a solutions-focused nonprofit that builds new systems of support for artists based on access to affordable real estate, asset building and deeply...

Artopolis Development (the Organization) is a solutions-focused nonprofit that builds new systems of support for artists based on access to affordable real estate, asset building and deeply reciprocal relationships with local communities.The Organization supports arts and culture with programs serving artists, arts organizations, and the public. It focuses on financial stability and access to opportunity for artists, arts businesses, and organizations, and broader access to arts and culture for the public. The Organization creates affordable space rental and ownership opportunities for artists and cultural producers of all 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 (2024)

Revenue Breakdown

Contributions & Grants $201,310

Program Service Revenue $1,067,840

Investment Income $20,706

Other Revenue $0

TOTAL REVENUE $1,289,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,980

Fundraising Expenses $0

Program Expenses $1,045,750

Other Expenses $980,555

TOTAL EXPENSES $1,256,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,289,856	$2,620,476	-0.5%
Expenses	$1,256,535	$1,187,525	+0.1%
Net Income	$33,321	$1,432,951	-1.0%

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

$256,921

Total Directors

$98,577

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Esther Robinson	Executive Dir.	40.00	Officer	$116,256	$42,088	$158,344
Guy Buckles	Sec/Treasurer	40.00	Officer Director	$66,270	$32,307	$98,577
Prerana Reddy	Pres/Board Chai	1.00	Officer Director	$0	$0	$0
Aaron Landsman	Director	1.00	Director	$0	$0	$0
Yun Hee Proffit	Director	1.00	Director	$0	$0	$0
Nina Katchadorian	Vice President	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	$1,289,856	$1,256,535	$3,439,671	$33,321
2023	$2,620,476	$1,187,525	$3,982,284	$1,432,951
2023	$1,690,626	$1,071,317	$1,725,620	$619,309
2022	$902,252	$1,026,378	$1,051,842	$-124,126
2021	$996,250	$1,010,692	$1,247,105	$-14,442
2020	$1,097,959	$968,600	$1,463,682	$129,359
2019	$929,914	$1,031,218	$1,406,566	$-101,304
2018	$616,632	$872,552	$1,574,434	$-255,920
2018	$898,815	$872,551	$1,574,438	$26,264