ARTS IGNITE INC (EIN 204532991) - 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

2006

Legal Domicile

Principal Officer

LINDSAY ROBERTS GREENE

Phone

2129211227

Tax Period

2023-01-01 to 2023-12-31

ARTS IGNITE INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $962K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

THROUGH THE ARTS, THE ORGANIZATION DEVELOPS AGENCY IN YOUNG PEOPLE BY INSPIRING THE CREATIVE CAPACITY, COMMUNITY AND COURAGE THEY NEED TO THRIVE.

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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 $753,383

Program Service Revenue $99,223

Investment Income $35,474

Other Revenue $74,192

TOTAL REVENUE $962,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $693,924

Fundraising Expenses $297,851

Program Expenses $624,248

Other Expenses $529,069

TOTAL EXPENSES $1,222,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$962,272	$833,759	+0.2%
Expenses	$1,222,993	$1,201,035	+0.0%
Net Income	$-260,721	$-367,276	-0.3%

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

$311,470

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIPTI VERMA	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY SHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
DICK SCANLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY KORN	BOARD MEMBER	1.00	Director	$0	$0	$0
FLOYD W GREEN III	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMEER GARG	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN FARKAS	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREY EDWARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE MAYER	BOARD MEMBER	1.00	Director	$0	$0	$0
SIMONA BOROIANU	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM FITZGERALD UNTIL 0223	BOARD MEMBER	5.00	Director	$0	$0	$0
GABRIELLE SPEAKS UNTIL 0923	BOARD MEMBER	5.00	Director	$0	$0	$0
SHERYL CALABRO UNTIL 0223	BOARD MEMBER	5.00	Director	$0	$0	$0
SHERI SHARKISAN	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
LAURA CHITTICK	BOARD VICE CHAIR	5.00	Officer Director	$0	$0	$0
MARK CANAVERA	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
ROB GURSHA	CO-TREASURER	5.00	Officer Director	$0	$0	$0
JACOB HADAD	CO-TREASURER	5.00	Officer Director	$0	$0	$0
CARL SYLVESTRE	EXECUTIVE DIRECTOR	40.00	Officer	$129,981	$17,437	$147,418
LINDSAY ROBERTS GREENE	DEPUTY EXECUTIVE DIRECTOR FOR PROGRAMS AND OPERATI	40.00	Officer	$88,750	$968	$89,718
MARY-MITCHELL CAMPBELL	PRESIDENT & FOUNDER	40.00	Officer	$60,000	$14,334	$74,334

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	No data	No data	No data	No data
2023	$962,272	$1,222,993	$1,246,862	$-260,721
2022	$833,759	$1,201,035	$1,447,825	$-367,276
2021	$1,104,799	$1,014,775	$1,741,092	$90,024
2020	$1,467,223	$881,616	$1,697,977	$585,607
2019	$1,053,293	$918,728	$1,018,133	$134,565
2018	$842,881	$834,352	$831,015	$8,529

ARTS IGNITE INC