INSTITUTE OF ART THERAPY INC BRIAN R ANDERSONCHAPTER 7 TRUSTEE (EIN 263447555) - 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

2005

Principal Officer

KATIE PEOPLES

Phone

3363785205

Tax Period

2023-07-01 to 2024-06-30

INSTITUTE OF ART THERAPY INC BRIAN R ANDERSONCHAPTER 7 TRUSTEE, founded in 2005, is a micro nonprofit that reported $24K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $53K exceeded revenue, resulting in a 123% operating deficit.

Mission

TO ADVANCE THE WELL-BEING AND MENTAL HEALTH OF DIVERSE COMMUNITIES THROUGH ACCESSIBLE, STRENGTH-BASED, CULTURALLY-RESPONSIVE ART THERAPY, EDUCATION, AND RESEARCH.

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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 $8,566

Program Service Revenue $15,197

Investment Income $24

Other Revenue $0

TOTAL REVENUE $23,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,066

Fundraising Expenses $0

Program Expenses $28,082

Other Expenses $28,074

TOTAL EXPENSES $53,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,787	$475,902	-1.0%
Expenses	$53,140	$579,286	-0.9%
Net Income	$-29,353	$-103,384	-0.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BARRITT	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF HERRICK	AT LARGE	2.00	Director	$0	$0	$0
ASHTON MADISON	SECRETARY	2.00	Officer Director	$0	$0	$0
KATIE PEOPLES	PRESIDENT	5.00	Officer Director	$0	$0	$0
TALIA SCOTT	VICE PRES.	2.00	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
2025	No data	No data	No data	No data
2024	$23,787	$53,140	$93,277	$-29,353
2024	No data	No data	No data	No data
2023	$475,902	$579,286	$134,193	$-103,384
2022	$441,867	$455,805	$223,048	$-13,938
2021	$425,135	$418,654	$293,216	$6,481
2019	$328,739	$351,205	$79,093	$-22,466
2018	$289,639	$253,926	$103,149	$35,713

INSTITUTE OF ART THERAPY INC BRIAN R ANDERSONCHAPTER 7 TRUSTEE