ART ACADEMY HOUSING INC

EIN: 205149610 501(c)(3)

CINCINNATI, OH

Total Revenue
$783,473
Total Expenses
$795,584
Total Assets
N/A
Net Assets
N/A
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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
OH
Principal Officer
JOE GIRANDOLA
Phone
5135628752
Tax Period
2022-06-01 to 2023-05-31

ART ACADEMY HOUSING INC, founded in 2006, is a small nonprofit that reported $783K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HOUSING FOR STUDENTS ATTENDING THE ART ACADEMY OF CINCINNATI

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $783,473
Investment Income $0
Other Revenue $0
TOTAL REVENUE $783,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $795,584
Other Expenses $795,584
TOTAL EXPENSES $795,584

Year-over-Year Comparison

2022 2021 Change
Revenue $783,473 $622,581 +0.3%
Expenses $795,584 $597,026 +0.3%
Net Income $-12,111 $25,555 -1.5%
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
3
Independent Members
1
Employees
N/A
Volunteers
1

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
$329,119
Total Directors
3
$329,119
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE GIRANDOLA PRESIDENT 10.00
Officer Director
$0 $0 $220,400
PAIGE WILLIAMS VICE PRESIDENT 5.00
Officer Director
$0 $3,480 $108,719
MARK GROTE TREASURER 5.00
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
2023 $783,473 $795,584 No data $-12,111
2022 $622,581 $597,026 $191,229 $25,555
2021 $553,161 $477,824 $186,974 $75,337
2020 $391,693 $286,709 $120,587 $104,984
2019 $278,616 $282,148 $60,366 $-3,532
2018 $140,578 $217,307 $57,966 $-76,729
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