ARTS & MINDS INC (EIN 273733512) - 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

2010

Legal Domicile

Principal Officer

JAMES M NOBLE MD

Phone

6467553726

Tax Period

2024-01-01 to 2024-12-31

ARTS & MINDS INC, founded in 2010, is a small nonprofit in the Diseases & Disorders sector that reported $336K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

ARTS & MINDS WORKS TO IMPROVE QUALITY OF LIFE FOR CAREGIVERS AND THOSE LIVING WITH MEMORY LOSS, ALZHEIMER'S DISEASE AND OTHER DEMENTIAS THROUGH ENGAGEMENT WITH ART. WE PARTNER WITH MUSEUMS TO PROVIDE MEANINGFUL ART- CENTERED ACTIVITIES THAT CREATE POSITIVE EMOTIONAL AND COGNITIVE EXPERIENCES, ENHANCE VERBAL AND NON-VERBAL COMMUNICATION, REDUCE ISOLATION AND BUILD COMMUNITY.

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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 $245,565

Program Service Revenue $90,528

Investment Income $134

Other Revenue $0

TOTAL REVENUE $336,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,426

Fundraising Expenses $5,210

Program Expenses $326,541

Other Expenses $127,165

TOTAL EXPENSES $357,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,227	$254,421	+0.3%
Expenses	$357,591	$369,555	0.0%
Net Income	$-21,364	$-115,134	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M NOBLE MD	PRESIDENT	N/A	Officer Director	$0	$0	$0
OLAJIDE WILLIAMS MD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SHANTA LAWSON	SECRETARY	N/A	Officer Director	$0	$0	$0
KAREN BEDROSIAN RICHARDSON	TREASURER	N/A	Officer Director	$0	$0	$0
MONIQUE HEDMANN MD	DIRECTOR	N/A	Director	$0	$0	$0
BERNA G HUEBNER	DIRECTOR	N/A	Director	$0	$0	$0
JOYCE P VISCEGLIA MSW	DIRECTOR	N/A	Director	$0	$0	$0
HELEN FERNANDEZ MD	DIRECTOR	N/A	Director	$0	$0	$0
RYAN C COMPTON ESQ	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
2024	$336,227	$357,591	$208,573	$-21,364
2023	$254,421	$369,555	$229,892	$-115,134
2022	$585,937	$337,407	$345,013	$248,530
2021	$121,235	$314,587	$96,466	$-193,352
2020	$341,380	$235,119	$293,855	$106,261
2018	$246,974	$128,443	$236,760	$118,531

ARTS & MINDS INC