ART RADIO INTERNATIONAL INC

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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

ALANNA HEISS

Phone

2122331096

Tax Period

2018-01-01 to 2018-12-31

ART RADIO INTERNATIONAL INC, founded in 2008, is a micro nonprofit that reported $100K in total revenue in fiscal year 2018. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $33K, a strong 34% operating margin.

Mission

ART RADIO INTERNATIONAL, INC. (dba: CLOCKTOWER PRODUCTIONS) IS A NON-PROFIT ART INSTITUTION WORKING IN THE VISUAL ARTS, PERFORMANCE, MUSIC, AND RADIO. FOUNDED IN 1972 IN LOWER MANHATTAN BY MOMA PS1 FOUNDER ALANNA HEISS, CLOCKTOWER IS THE OLDEST ALTERNATIVE ART PROJECT IN NEW YORK, AND ITS RADIO STATION, CLOCKTOWER RADIO, WAS FOUNDED IN 2003 AS ONE OF THE FIRST ALL-ART ONLIN MUSEUM RADIO STATIONS IN THE WORLD. THE INSTITUTION FUNCTIONS AS A LABORATORY FOR EXPERIMENTATION, WORKING CLOSELY AND COLLABORATIVELY WITH ARTISTS, MUSICIANS, CURATORS, WRITERS AND PRODUCERS TO DEVELOP, REALIZE AND PRESENT INNOVATIVE AND CHALLENGING WORK IN ALL MEDIA, RANGING FROM INSTALLATION TO PERFORMANCE AND FROM EXPERIMENTAL MUSIC TO RADIO THEATER. BY ENGAGING BOTH THE PHYSICAL RESOURCES OF ITS PARTNER ORGANIZATIONS AND CLOCKTOWER RADIO'S ACCESS TO A BROAD AND INTERNATIONAL ONLINE AUDIENCE, CLOCKTOWER DISSEMINATES EXPERIMENTAL WORK TO NUMEROUS COMMUNITIES, AND PROMOTES A RICH CULTURAL AND SOCIAL DIALOGUE BETWE

Program Service Accomplishments

Program 1

Expenses: $54,373 Revenue: $81,559

THE ORGANIZATION PROVIDES FREE, NON-COMMERCIAL EDUCATIONAL ART, CULTURAL AND MUSIC EXHIBITIONS AND INTERNET RADIO PROGRAMMING.

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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 (2018)

Revenue Breakdown

Contributions & Grants $17,388

Program Service Revenue $81,559

Investment Income $0

Other Revenue $1,000

TOTAL REVENUE $99,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,528

Fundraising Expenses $1,072

Program Expenses $54,373

Other Expenses $63,925

TOTAL EXPENSES $66,453

Year-over-Year Comparison

	2018	2017	Change
Revenue	$99,947	$184,180	-0.5%
Expenses	$66,453	$192,796	-0.7%
Net Income	$33,494	$-8,616	-4.9%

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
LAWTON W FITT	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID WEINSTEIN	TREASURER	40.00	Officer Director	$0	$0	$0
ALANNA HEISS	SECRETARY	35.00	Officer Director	$0	$0	$0
SANFORD KRIEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA ROSA SANDRETTO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARINA ABRAMOVIC	BOARD MEMBER	1.00	Director	$0	$0	$0
RUFUS WAINWRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
LYBESS SWEEZY	BOARD MEMBER	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
2018	$99,947	$66,453	$141,546	$33,494