4heads 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

Legal Domicile

Principal Officer

Nicole Laemmle

Phone

3476233278

Tax Period

2020-01-01 to 2020-12-31

4heads Inc, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $22K in total revenue in fiscal year 2020. Revenue fell 95% from the prior year — a significant decline worth monitoring.

Mission

As an artist-created organization, we cultivate a supportive community by hosting free large-scale art fairs and studio residency programs for under-represented artists, and by tailoring arts education programs for underserved youth. With a strong focus on artistic excellence and inclusion, we revitalize historic spaces with contemporary art, as we continue to enrich and expand our creative community: a socially, economically, and culturally diverse reflection of New York City itself.

Program Service Accomplishments

Program 1

Expenses: $3,490 Revenue: $0

In lieu of the annual art fair, due to COVID-19, the Organization ran a socially distanced artist residency consisting of 20 artists over 5 months.

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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 (2020)

Revenue Breakdown

Contributions & Grants $17,239

Program Service Revenue $0

Investment Income $2

Other Revenue $4,290

TOTAL REVENUE $21,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $50

Program Expenses $3,490

Other Expenses $21,069

TOTAL EXPENSES $21,069

Year-over-Year Comparison

	2020	2019	Change
Revenue	$21,531	$397,588	-0.9%
Expenses	$21,069	$406,455	-0.9%
Net Income	$462	$-8,867	-1.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Robsinson	Executive Director	N/A	Officer Director	$0	$0	$0
Nicole Laemmle	Treasurer	N/A	Officer	$0	$0	$0
Dominika Blackappl	Director	N/A	Director	$0	$0	$0
Paul Smithyman	Director	N/A	Director	$0	$0	$0
Opal Hoyt	Secretary	N/A	Director	$0	$0	$0
Christina Bartson	Director	N/A	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
2020	$21,531	$21,069	$13,678	$462
2019	$397,588	$406,455	$15,089	$-8,867
2018	$383,672	$389,772	$23,956	$-6,100