ART OPPORTUNITIES INC

EIN: 311665900 501(c)(3) Arts, Culture & Humanities

Cincinnati, OH

Total Revenue
$5,641,121
Total Expenses
$3,658,780
Total Assets
$8,926,265
Net Assets
$6,919,709
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
OH
Principal Officer
Colleen Houston
Phone
5133333602
Tax Period
2024-01-01 to 2024-12-31

ART OPPORTUNITIES INC, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2024. The organization ran a surplus of $2.0M, a strong 35% operating margin.

Mission

ArtWorks is an award-winning Greater Cincinnati nonprofit that creates community-based public art providing career opportunities for artists of all ages. The organization collaborates with community organizations and residents, businesses, governments, foundations, and nonprofits to build creative works of art that bolster the region's global reputation as an arts destination. ArtWorks has employed and trained over 3,500 professional artists and 4,000 youth, ages 14 - 24. We invest in our creative economy by creating jobs that support local talent, pairing professional artists to inspire and mentor diverse teams of youth, and helping them build 21st-century career-readiness skills. Over the past 29 years, this collaborative approach has created a citywide gallery with more than 14,000 public and private art projects, including more than 300 permanent outdoor murals.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,018,470
Program Service Revenue $492,838
Investment Income $70,048
Other Revenue $59,765
TOTAL REVENUE $5,641,121

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,201,963
Fundraising Expenses $1,049,721
Program Expenses $2,263,109
Other Expenses $1,456,817
TOTAL EXPENSES $3,658,780

Year-over-Year Comparison

2024 2023 Change
Revenue $5,641,121 $5,712,128 0.0%
Expenses $3,658,780 $3,665,149 0.0%
Net Income $1,982,341 $2,046,979 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
118
Volunteers
48

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
$174,957
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Colleen Houston CE0 & Artistic Director 45
Officer
$174,957 $0 $174,957
Kathryn Gardette Trustee 1
Director
$0 $0 $0
Ron Bates Trustee 2
Director
$0 $0 $0
Ric Booth Board Treasurer 2
Director
$0 $0 $0
Rocco D'Ascenzo Trustee 1
Director
$0 $0 $0
Agnes Godwin-Hall Secretary 2
Director
$0 $0 $0
Mike Hoeting Trustee 1
Director
$0 $0 $0
Gee Horton Trustee 1
Director
$0 $0 $0
Barbara Hauser Trustee 1
Director
$0 $0 $0
Pam Kravetz Trustee 1
Director
$0 $0 $0
Michael DiMaggio Trustee 1
Director
$0 $0 $0
Rahiel Michael Trustee 1
Director
$0 $0 $0
Mark Randy Smith Trustee 1
Director
$0 $0 $0
Paula Boggs Muething Trustee 1
Director
$0 $0 $0
Kelly Brandstetter Tracy Trustee 1
Director
$0 $0 $0
Joe Muraca Trustee 2
Director
$0 $0 $0
Lisa Saia Vice President 3
Director
$0 $0 $0
Mark Mallory Trustee 1
Director
$0 $0 $0
Lauren Hannan-Shafer Former Board President 2
Director
$0 $0 $0
Laura Humphrey President 3
Director
$0 $0 $0
Ron Nebel Houck Trustee 1
Director
$0 $0 $0
Jens Rosenkrantz Jr Trustee 2
Director
$0 $0 $0
Emily Palmer Wolff Trustee 1
Director
$0 $0 $0
Tyra Patterson Trustee 1
Director
$0 $0 $0
Connie Ross Trustee 1
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 $5,641,121 $3,658,780 $8,926,265 $1,982,341
2023 $5,712,128 $3,665,149 $7,281,468 $2,046,979
2022 $3,862,032 $2,614,683 $5,387,735 $1,247,349
2021 $2,614,332 $2,248,434 $2,054,110 $365,898
2020 $1,963,249 $1,765,888 $1,303,328 $197,361
2019 $2,599,341 $2,265,261 $1,087,426 $334,080
2018 $2,300,738 $2,482,278 $728,497 $-181,540
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