THE ARTS ASYLUM (EIN 273791414) - 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

2011

Legal Domicile

Principal Officer

EVIE CRAIG

Phone

8163017444

Tax Period

2024-01-01 to 2024-12-31

THE ARTS ASYLUM, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $292K in total revenue in fiscal year 2024. Expenses of $266K left a modest 9% surplus.

Mission

THE ARTS ASYLUM WAS CREATED TO PROVIDE SPACE AND ASSISTANCE TO ARTISTS OF ALL VARIETIES. THIS IS ACCOMPLISHED THROUGH THE OFFERING OF GALLERY SPACE TO BOTH CREATE AND SHARE AT AFFORDABLE RATES, STUDIOS FOR ARTISTS, THE JAMES AND MAJORIE THEATER FOR LIVE PERFORMANCES AND EVENTS, AND ONGOING PROGRAMMING, AND ASSISTANCE FROM OUR TEAM.

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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 $156,154

Program Service Revenue $132,602

Investment Income $0

Other Revenue $3,097

TOTAL REVENUE $291,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,508

Other Expenses $266,133

TOTAL EXPENSES $266,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,853	$293,051	0.0%
Expenses	$266,133	$246,784	+0.1%
Net Income	$25,720	$46,267	-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

N/A

Volunteers

100

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
MEGAN FORBES	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEX PERRY	CHAIR	5.00	Officer Director	$0	$0	$0
COURTNEY PERRY	EDUCATION DIRECTOR	40.00	Officer Director	$0	$0	$0
EVIE CRAIG	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
CHRISTOPHER BARKSDALE-BURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLENA RICHARDSON BLACKMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AARON SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON EBLEN	TREASURER	1.00	Officer Director	$0	$0	$0
KOREY CHILDS	ARTISTIC DIRECTOR	40.00	Officer Director	$0	$0	$0
EMILIO OLVERA	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
2024	$291,853	$266,133	$592,200	$25,720
2023	$293,051	$246,784	$582,608	$46,267
2022	$164,434	$179,128	$549,143	$-14,694
2021	$268,015	$305,567	$573,680	$-37,552
2020	$163,573	$246,909	$224,702	$-83,336
2019	$464,000	$330,231	$168,876	$133,769
2018	$214,937	$212,111	$27,982	$2,826

THE ARTS ASYLUM