ARTSTOR 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

2002

Legal Domicile

Principal Officer

KEVIN GUTHRIE

Phone

2125002400

Tax Period

2018-01-01 to 2018-12-31

ARTSTOR INC, founded in 2002, is a mid-sized nonprofit that reported $10.3M in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year.

Mission

Artstor is a non-profit organization committed to enhancing scholarship and teaching through the use of digital images and media. As a digital library, it specializes in digital collection solutions for universities, museums, schools, and libraries. Artstor works closely with both providers and users of content from educational and cultural institutions around the world to develop and offer as a subscription service a repository of digital images and related data that include collections from a wide variety of civilizations, time periods, and media. Through its media management software, it provides a complete set of tools to manage digital collections and make them more discoverable.

Program Service Accomplishments

Program 1

Expenses: $6,093,430 Revenue: $9,218,045

THE ARTSTOR DIGITAL LIBRARY ("ADL")OFFERS OVER 2.5 MILLION HIGH-QUALITY IMAGES across disciplines from 280+ contributors serving over 1,970 universities, schools, and museums in 56 countries. The...

THE ARTSTOR DIGITAL LIBRARY ("ADL")OFFERS OVER 2.5 MILLION HIGH-QUALITY IMAGES across disciplines from 280+ contributors serving over 1,970 universities, schools, and museums in 56 countries. The images are drawn from different sources, such as museums, archaeological sites, photo archives, slide collections, and art-reference publishers, all rights-cleared for educational use. Each image is accompanied with authoritative metadata. The ADL resource includes powerful tools for viewing, zooming, comparing, sharing, and downloading images, as well as expert-created teaching resources and curated image groups. In addition to the program service revenue of $9,218,045 reported above, Artstor received grant revenue of $200,447 allocable to ADL reported on Part VIII, Line 1F.

Program 2

Expenses: $3,801,772 Revenue: $882,969

JSTOR FORUM (PREVIOUSLY KNOWN AS "SHARED SHELF") IS AN ENTERPRISE-WIDE DIGITAL collection management solution that enables higher education institutions to upload, catalog, store and share their...

JSTOR FORUM (PREVIOUSLY KNOWN AS "SHARED SHELF") IS AN ENTERPRISE-WIDE DIGITAL collection management solution that enables higher education institutions to upload, catalog, store and share their digital content. Users can upload images, video, audio, and documents to Forum and add data to distribute the content in a variety of ways. Local or collaboratively created collections and projects can be shared on JSTOR Forum (currently in Beta mode), Artstor, DPLA or other sites. Forum handles collections of all sizes and media types, allowing for easy integration into project sites, coursework, research, and marketing materials.

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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 $200,447

Program Service Revenue $10,101,014

Investment Income $0

Other Revenue $-8,034

TOTAL REVENUE $10,293,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,895,202

Other Expenses $11,041,542

TOTAL EXPENSES $11,041,542

Year-over-Year Comparison

	2018	2017	Change
Revenue	$10,293,427	$11,112,739	-0.1%
Expenses	$11,041,542	$9,765,384	+0.1%
Net Income	$-748,115	$1,347,355	-1.6%

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

$1,299,893

Total Directors

$654,948

Key Employees

$2,092,567

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN G POSKANZER	CHAIR AND TRUSTEE	1.0	Officer Director	$0	$0	$5,000
KEVIN M GUTHRIE	PRESIDENT AND TRUSTEE	6.0	Officer Director	$0	$56,168	$604,948
GREGORY M AVIS	TRUSTEE	1.0	Director	$0	$0	$0
HENRY S BIENEN	TRUSTEE (TO 3/21/18)	1.0	Director	$0	$0	$0
REBECCA M BLANK	TRUSTEE	1.0	Director	$0	$0	$5,000
PETER J DOUGHERTY	TRUSTEE	1.0	Director	$0	$0	$2,500
CHRISTOPHER L EISGRUBER	TRUSTEE	1.0	Director	$0	$0	$0
IRA H FUCHS	TRUSTEE	1.0	Director	$0	$0	$5,000
SUSAN GIBBONS	TRUSTEE	1.0	Director	$0	$0	$5,000
CURTIS L KENDRICK	TRUSTEE	1.0	Director	$0	$0	$2,500
ALEXANDRA W LOGUE	TRUSTEE	1.0	Director	$0	$0	$5,000
EUGENE Y LOWE JR	TRUSTEE	1.0	Director	$0	$0	$5,000
CAROL A MANDEL	TRUSTEE	1.0	Director	$0	$0	$5,000
MICHAEL H SCHILL	TRUSTEE	1.0	Director	$0	$0	$5,000
JEFFREY A SINE	TRUSTEE	1.0	Director	$0	$0	$0
STEPHEN M STIGLER	TRUSTEE (TO 3/21/18)	1.0	Director	$0	$0	$0
HERBERT S WINOKUR JR	TRUSTEE	1.0	Director	$0	$0	$5,000
NANCY KOPANS	VP, GENERAL COUNSEL/SECRETARY	10.0	Officer	$0	$47,298	$361,059
GERARD AURIGEMMA	CFO AND TREASURER	5.0	Officer	$0	$56,168	$328,886
ROBERT HETERICK	VP INSTITUTIONAL PARTICIPATION	10.0	Key Emp	$0	$52,731	$434,040
WILLIAM YING	CIO & VP OF TECHNOLOGY	35.0	Key Emp	$0	$34,783	$328,555
JOHN LENAHAN	ASSOC. VP INST'L PARTICIPATION	5.0	Key Emp	$0	$48,390	$347,552
DALE MYERS	VP PLATFORM ENGINEERING & OPS	10.0	Key Emp	$0	$46,513	$300,999
PIOTR ADAMCZYK	DIR, ARTSTOR DIGITAL LIBRARY	30.0	Key Emp	$0	$30,327	$220,941
CHRIS VANACORE	CONTROLLER	5.0	Key Emp	$0	$45,362	$227,745
HEIDI BARTOLACCI	VP, MARKETING & COMMUNICATIONS	7.0	Key Emp	$0	$44,777	$232,735
DEIDRE RYAN	DIRECTOR, JSTOR FORUM	30.0	Highest	$0	$29,220	$207,926
LAURA BROWN	EVP, JSTOR MANAGING DIRECTOR	2.0	Highest	$0	$48,790	$436,782
WILLIAM F GROPPE	TECHNICAL ARCHITECT	40.0	Highest	$0	$48,087	$263,167
RIADH AMARI	DIRECTOR DATABASE & SYSTEMS	40.0	Highest	$0	$39,879	$221,067
ARCHIBALD COWAN	CHIEF ARCHITECT	4.0	Highest	$0	$46,788	$239,643

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	$10,293,427	$11,041,542	No data	$-748,115