LIFETIME ARTS INC (EIN 262206214) - 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

2008

Legal Domicile

Principal Officer

MAURA O'MALLEY

Phone

9143552304

Tax Period

2022-01-01 to 2022-12-31

LIFETIME ARTS INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $984K in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO ENCOURAGE CREATIVE AGING BY PROMOTING THE INCLUSION OF PROFESSIONAL ARTS PROGRAMS IN ORGANIZATIONS THAT SERVE OLDER ADULTS; TO PREPARE ARTISTS TO DEVELOP THE CREATIVE CAPACITY OF OLDER ADULT LEARNERS; AND TO FOSTER LIFELONG LEARNING IN AND THROUGH THE ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $716,777

Program Service Revenue $256,389

Investment Income $9,607

Other Revenue $1,190

TOTAL REVENUE $983,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $922,567

Fundraising Expenses $0

Program Expenses $1,053,187

Other Expenses $355,178

TOTAL EXPENSES $1,277,745

Year-over-Year Comparison

	2022	2021	Change
Revenue	$983,963	$717,964	+0.4%
Expenses	$1,277,745	$1,153,441	+0.1%
Net Income	$-293,782	$-435,477	-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

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

$131,800

Total Directors

$131,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURA O'MALLEY	CEO/EXECUTIVE DIRECTOR	40.00	Officer Director	$131,800	$0	$131,800
DOUG WINGO	PRESIDENT	5.00	Officer Director	$0	$0	$0
KATHERINE GUZMAN	TREASURER	5.00	Officer Director	$0	$0	$0
FATIMA PERKINS	SECRETARY	5.00	Officer Director	$0	$0	$0
RICHARD FUNESS	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT PERRI	DIRECTOR	5.00	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
2022	$983,963	$1,277,745	$228,028	$-293,782
2021	$717,964	$1,153,441	$522,266	$-435,477
2020	$1,432,157	$962,013	$962,669	$470,144
2019	$1,165,867	$1,070,331	$357,621	$95,536
2018	$1,127,314	$1,008,180	$262,066	$119,134

LIFETIME ARTS INC