EXPLORING THE ARTS INC

EIN: 134069251 501(c)(3) Arts, Culture & Humanities

ASTORIA, NY

Total Revenue
$1,607,859
Total Expenses
$2,158,415
Total Assets
$2,328,699
Net Assets
$2,111,467
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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
2000
Legal Domicile
NY
Principal Officer
CHERI WALSH
Phone
7187065020
Tax Period
2023-07-01 to 2024-06-30

EXPLORING THE ARTS INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE MISSION IS TO EXPAND EQUITABLE ACCESS TO ARTS EDUCATION IN HISTORICALLY UNDERSERVED PUBLIC MIDDLE AND HIGH SCHOOLS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,542,526
Program Service Revenue $24,975
Investment Income $38,394
Other Revenue $1,964
TOTAL REVENUE $1,607,859

Expense Breakdown

Grants Paid $190,224
Salaries & Benefits $1,103,227
Fundraising Expenses $126,855
Program Expenses $1,640,013
Other Expenses $864,964
TOTAL EXPENSES $2,158,415

Year-over-Year Comparison

2023 2022 Change
Revenue $1,607,859 $1,009,675 +0.6%
Expenses $2,158,415 $2,142,251 +0.0%
Net Income $-550,556 $-1,132,576 -0.5%
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

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Governance

Voting Members
10
Independent Members
10
Employees
14
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
2
$368,741
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOBY BOSHAK EXECUTIVE DIRECTOR 40.00
Key Emp
$212,308 $13,532 $225,840
RUBI FREGOSO INTERIM EXECUTIVE DIRECTOR 40.00
Key Emp
$132,746 $10,155 $142,901
CHERI WALSH PRESIDENT/DIRECTOR 5.00
Officer Director
$0 $0 $0
ED WELBURN VICE PRESIDENT/DIRECTOR 2.00
Officer Director
$0 $0 $0
TED SARANDOS TREASURER/DIRECTOR 2.00
Officer Director
$0 $0 $0
HOLLY CAO SECRETARY/DIRECTOR 2.00
Officer Director
$0 $0 $0
SUSAN BENEDETTO DIRECTOR 10.00
Director
$0 $0 $0
DANNY BENNETT DIRECTOR 5.00
Director
$0 $0 $0
IRIS CANTOR DIRECTOR 1.00
Director
$0 $0 $0
JOHN DESIDERIO DIRECTOR 1.00
Director
$0 $0 $0
HAL ROSENBLUTH DIRECTOR 1.00
Director
$0 $0 $0
DANIEL ALCOTT DIRECTOR 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 $1,607,859 $2,158,415 $2,328,699 $-550,556
2023 $1,009,675 $2,142,251 $2,989,489 $-1,132,576
2022 $2,384,508 $2,144,654 $3,894,692 $239,854
2021 $1,088,306 $1,932,099 $4,259,684 $-843,793
2020 $1,572,456 $2,026,740 $5,164,079 $-454,284
2019 $1,636,869 $2,121,817 $5,311,873 $-484,948
2018 $3,075,771 $1,944,493 $5,591,020 $1,131,278
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