ARDEA ARTS INC

EIN: 204937547 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$267,546
Total Expenses
$270,015
Total Assets
$29,456
Net Assets
$-33,060
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
DE
Principal Officer
GRETHE BARRETT HOLBY
Phone
2124317039
Tax Period
2018-07-01 to 2019-06-30

ARDEA ARTS INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $268K in total revenue in fiscal year 2018. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

Ardea Arts (New Opera for New Audiences)is a non-for-profit development and production company dedicated to creating and performing new opera and music theatre works of the highest professional quality, which challenge as well as entertain, speak to our diverse global community and champion the human spirit. Our committment extends to global audiences of all ages and all walks of life. We bring together unexpected artisits to redefine and revitalize opera for the 21st century. Our goal is to create work that brings new audiences and new generations to opera, and that travels into diverse communities to engage people and their communities both within and far outside the walls of the opera house.

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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 (2018)

Revenue Breakdown

Contributions & Grants $267,546
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $267,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,822
Fundraising Expenses $5,216
Program Expenses $107,770
Other Expenses $174,193
TOTAL EXPENSES $270,015

Year-over-Year Comparison

2018 2017 Change
Revenue $267,546 $368,631 -0.3%
Expenses $270,015 $367,881 -0.3%
Net Income $-2,469 $750 -4.3%
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

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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
9
Independent Members
6
Employees
13
Volunteers
8

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRETHE BARRETT HOLBY Executive Dir. 40.00
Officer Director
$0 $0 $0
J SPEED CARROLL Director 2.00
Director
$0 $0 $0
EVERETT MCCORVEY Director 2.00
Director
$0 $0 $0
RAYMOND WETMORE Director 2.00
Director
$0 $0 $0
IBIAYI BRIGGS Secretary 2.00
Officer Director
$0 $0 $0
LEN ELMORE Director 2.00
Officer Director
$0 $0 $0
AMY BEVACQUA Director 2.00
Director
$0 $0 $0
ERIC VON STROH Director 2.00
Director
$0 $0 $0
JACQUELINE COHEN President 2.00
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
2019 $267,546 $270,015 $29,456 $-2,469
2018 $368,631 $367,881 $25,212 $750
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