ARTISAN'S ASYLUM 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

2010

Principal Officer

CAROL WARD

Phone

6172846878

Tax Period

2024-07-01 to 2025-06-30

ARTISAN'S ASYLUM INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $2.6M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO SUPPORT AND PROMOTE THE TEACHING, LEARNING AND PRACTICE OF FABRICATION.

Program Service Accomplishments

Program 1

Expenses: $2,191,084 Revenue: $1,649,835

ARTISAN'S ASYLUM IS A NON-PROFIT COMMUNITY WORKSHOP IN BOSTON, MASSACHUSETTS. OUR MISSION IS TO SUPPORT AND PROMOTE THE TEACHING, LEARNING AND PRACTICE OF FABRICATION. TO SUPPORT THAT MISSION WE...

ARTISAN'S ASYLUM IS A NON-PROFIT COMMUNITY WORKSHOP IN BOSTON, MASSACHUSETTS. OUR MISSION IS TO SUPPORT AND PROMOTE THE TEACHING, LEARNING AND PRACTICE OF FABRICATION. TO SUPPORT THAT MISSION WE OFFER THE FOLLOWING: SHARED FABRICATION TOOLS AND EQUIPMENT IN ELECTRONICS, ROBOTICS, WOODWORKING, JEWELRY AND METALSMITHING, WELDING, PRECISION MACHINING, RAPID PROTOTYPING, DIGITAL FABRICATION, FIBER ARTS, SCREEN PRINTING AND MORE. LOCAL ARTISANS, FOCUSING ON EITHER CREATING A FINAL PRODUCT THE STUDENT CAN TAKE HOME AFTER THE CLASS OR GENERAL TRAINING FOR SPECIFIC TOOLS. AFFORDABLE MONTHLY MEMBERSHIPS THAT INCLUDE ACCESS TO OUR FACILITY ON WEEKENDS AND AFTER TYPICAL WORKING HOURS. SPACE AND EQUIPMENT RENTALS TO MONTHLY MEMBERS INTERESTED IN HAVING ACCESS TO DESIGN AND FABRICATION EQUIPMENT WITHOUT HAVING TO INVEST IN CAPITAL EQUIPMENT AND LONG-TERM SPACE LEASES. ON-SITE MATERIAL AND PROJECT STORAGE ALLOWING MEMBERS TO CREATE AND STORE PROJECTS WITHOUT THE HASSLE OF HANDLING MATERIAL AND STORAGE LOGISTICS. HOST AND PROMOTE RELATED EVENTS WITH THE GOAL OF ENCOURAGING FABRICATION COMMUNITIES, SHARES SPACES & CULTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $348,403

Program Service Revenue $1,649,835

Investment Income $0

Other Revenue $16,377

TOTAL REVENUE $2,014,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,838

Fundraising Expenses $71,180

Program Expenses $2,191,084

Other Expenses $2,253,529

TOTAL EXPENSES $2,648,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,014,615	$2,022,690	0.0%
Expenses	$2,648,367	$2,473,091	+0.1%
Net Income	$-633,752	$-450,401	+0.4%

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

$65,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL WARD	EXECUTIVE DI	40.00	Officer	$60,000	$5,892	$65,892
SAEED ARIDA	DIRECTOR	1.00	Director	$0	$0	$0
KIT CANGARDEL	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF CHASIN	CO-CHAIR & T	1.00	Officer Director	$0	$0	$0
THOMAS COLE	TREASURER	1.00	Officer Director	$0	$0	$0
LEWIS H BRYANT II	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KULLA	SECRETARY &	1.00	Director	$0	$0	$0
THOMAS LINGNER	DIRECTOR	1.00	Director	$0	$0	$0
DAN MCGRATH	DIRECTOR	1.00	Director	$0	$0	$0
GREG MERTZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MITTLEMAN	CO-CHAIR & P	1.00	Officer Director	$0	$0	$0
DARIUSH NEJAD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SHIA	DIRECTOR	1.00	Director	$0	$0	$0
ALICE STEIN	DIRECTOR	1.00	Director	$0	$0	$0
LISA TACORONTE	DIRECTOR	1.00	Director	$0	$0	$0
JACK DE VALPINE	VICE CHAIR	1.00	Director	$0	$0	$0
JOE WIGHT	DIRECTOR	1.00	Director	$0	$0	$0
ANNE WRIGHT	DIRECTOR	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
2025	$2,014,615	$2,648,367	$14,397,953	$-633,752
2024	$2,022,690	$2,473,091	$15,114,664	$-450,401
2023	$1,401,764	$2,249,288	$12,398,973	$-847,524
2022	$977,814	$848,184	$1,502,436	$129,630
2022	$1,006,679	$865,500	$1,739,251	$141,179
2021	$1,277,032	$1,436,156	$184,865	$-159,124
2021	$1,361,730	$1,411,931	$222,366	$-50,201
2020	$1,612,185	$1,568,220	$324,003	$43,965
2020	$1,564,098	$1,614,831	$324,003	$-50,733
2019	$1,399,556	$1,507,925	$156,759	$-108,369
2018	$1,398,037	$1,497,049	$268,546	$-99,012