ARTSQUEST (EIN 232280560) - 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

1983

Legal Domicile

Principal Officer

KATHERINE E HILGERT

Phone

6103321300

Tax Period

2023-01-01 to 2023-12-31

ARTSQUEST, founded in 1983, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $30.9M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 22% operating margin.

Mission

TO BE AN INTERNATIONAL MODEL FOR PROVIDING ACCESS TO ARTISTIC, CULTURAL, AND EDUCATIONAL EXPERIENCES.

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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 $12,019,594

Program Service Revenue $17,283,936

Investment Income $674,991

Other Revenue $914,755

TOTAL REVENUE $30,893,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,443,267

Fundraising Expenses $1,057,239

Program Expenses $20,261,246

Other Expenses $17,715,227

TOTAL EXPENSES $24,158,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,893,276	$20,854,710	+0.5%
Expenses	$24,158,494	$21,256,133	+0.1%
Net Income	$6,734,782	$-401,423	-17.8%

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

N/A

Volunteers

N/A

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

$1,010,170

Total Directors

$1,010,170

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE E HILGERT	PRESIDENT & CEO	40.00	Officer Director	$322,230	$39,619	$361,849
CURT W MOSEL	SENIOR VICE PRESIDENT	40.00	Officer Director	$175,208	$11,216	$186,424
PATRICK BROGAN	CHIEF PROGRAMMING OFFICER	40.00	Officer Director	$154,020	$11,288	$165,308
SUSAN DREXINGER-ABOULHOUDA	VP OF HOSPITALITY AND FOOD	40.00	Officer Director	$130,348	$16,046	$146,394
RAYMOND NEEB	SR VICE PRESIDENT OF OPERA	40.00	Officer Director	$133,845	$16,350	$150,195
ORVILLE TROUT	CHAIR	9.00	Officer Director	$0	$0	$0
JOE BERGSTEIN	VICE CHAIR	9.00	Officer Director	$0	$0	$0
MICHAEL VINCI	TREASURER	9.00	Director	$0	$0	$0
BOB BEGLIOMINI	SECRETARY	9.00	Officer Director	$0	$0	$0
TODD CHAMBERS	TRUSTEE	9.00	Director	$0	$0	$0
VICKI DOULE'	TRUSTEE	9.00	Director	$0	$0	$0
RYAN DUNN	TRUSTEE	9.00	Director	$0	$0	$0
GREGG FEINBERG	TRUSTEE	9.00	Director	$0	$0	$0
KARINE KANE	TRUSTEE	9.00	Director	$0	$0	$0
RICHARD LIU	TRUSTEE	9.00	Director	$0	$0	$0
SIMON MOORE	TRUSTEE	9.00	Director	$0	$0	$0
MICHAEL NELSON	TRUSTEE	9.00	Director	$0	$0	$0
MYRNA RIVERA	TRUSTEE	9.00	Director	$0	$0	$0
SUSAN SCHUPP	TRUSTEE	9.00	Director	$0	$0	$0
ANDREA SMITH	TRUSTEE	9.00	Director	$0	$0	$0
JULIET VESTAL	TRUSTEE	9.00	Director	$0	$0	$0
MARIO GALANTE THRU 123	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELIN BROVA THRU 123	TRUSTEE	1.00	Director	$0	$0	$0
RUS FLUGEL THRU 123	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$30,893,276	$24,158,494	$46,737,920	$6,734,782
2022	$20,854,710	$21,256,133	$45,218,460	$-401,423
2021	$27,430,533	$16,514,490	$46,615,180	$10,916,043
2020	$6,093,740	$7,086,369	$36,992,880	$-992,629
2019	$20,443,629	$20,171,663	$37,587,610	$271,966
2018	$18,071,880	$19,464,341	$35,399,945	$-1,392,461

ARTSQUEST