ART SPHERE INC (EIN 232994202) - 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

1998

Legal Domicile

Principal Officer

KRISTIN GROENVELD

Phone

2154133955

Tax Period

2023-01-01 to 2023-12-31

ART SPHERE INC, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $80K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $101K exceeded revenue, resulting in a 25% operating deficit.

Mission

ARTS EDUCATION FOR YOUTH AND OTHERS.

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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 $23,874

Program Service Revenue $56,481

Investment Income $0

Other Revenue $0

TOTAL REVENUE $80,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,632

Fundraising Expenses $0

Program Expenses $95,537

Other Expenses $35,955

TOTAL EXPENSES $100,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,355	$146,631	-0.5%
Expenses	$100,587	$105,049	0.0%
Net Income	$-20,232	$41,582	-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

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

Total Directors

$64,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN GROENVELD	EXECUTIVE DIRECTOR AND FOU	40.00	Director	$50,000	$14,632	$64,632
ERICA BETTWY	PRESIDENT	2.00	Officer Director	$0	$0	$0
PJ HAKIM	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN GROENVELD	BOARD MEMBER	2.00	Director	$0	$0	$0
SUBRATA MUKHERJEE	BOARD MEMBER	2.00	Director	$0	$0	$0
TIFFANY MERCER-ROBBINS	BOARD MEMBER	2.00	Director	$0	$0	$0
CLIFF PRICE	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHLEY FRY	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$80,355	$100,587	$332,190	$-20,232
2022	$146,631	$105,049	$352,423	$41,582
2021	$180,348	$113,515	$311,441	$66,833
2020	$273,637	$81,697	$244,608	$191,940

ART SPHERE INC