THE FOUNDATION FOR ART & HEALING INC

EIN: 331125148 501(c)(3) Arts, Culture & Humanities

BRIGHTON, MA

Total Revenue
$978,184
Total Expenses
$758,665
Total Assets
$1,074,701
Net Assets
$977,936
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MA
Principal Officer
JEREMY NOBEL
Phone
3392009008
Tax Period
2024-07-01 to 2025-06-30

THE FOUNDATION FOR ART & HEALING INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $978K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $220K, a strong 22% operating margin.

Mission

TO EXPLORE, PROMOTE AND FACILITATE CREATIVE EXPRESSION AS A PATH TO HEALTH AND WELLBEING FOR INDIVIDUALS AND COMMUNITIES

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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 $812,105
Program Service Revenue $151,013
Investment Income $15,066
Other Revenue $0
TOTAL REVENUE $978,184

Expense Breakdown

Grants Paid $0
Salaries & Benefits $569,190
Fundraising Expenses $55,927
Program Expenses $621,344
Other Expenses $189,475
TOTAL EXPENSES $758,665

Year-over-Year Comparison

2024 2023 Change
Revenue $978,184 $539,172 +0.8%
Expenses $758,665 $726,608 +0.0%
Net Income $219,519 $-187,436 -2.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
8
Volunteers
37

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
$129,198
Total Directors
13
$129,198
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY NOBEL PRESIDENT 35.00
Officer Director
$129,198 $0 $129,198
CINDY ELKINS BOARD CO-CHAIR 2.00
Director
$0 $0 $0
MARC LIEBERSTEIN SECRETARY 2.00
Director
$0 $0 $0
ROBERT MURPHY DIRECTOR 2.00
Director
$0 $0 $0
JIM SHADDY DIRECTOR 2.00
Director
$0 $0 $0
ARNELL HINKLE DIRECTOR 2.00
Director
$0 $0 $0
MYRNA CHAO BOARD CO-CHAIR 2.00
Director
$0 $0 $0
MARCO DIAZ TREASURER 2.00
Director
$0 $0 $0
NIYUM GANDHI DIRECTOR 2.00
Director
$0 $0 $0
TERESA RUFIN DIRECTOR 2.00
Director
$0 $0 $0
DEBORAH OBALIL DIRECTOR 2.00
Director
$0 $0 $0
TED CHAPIN SECRETARY 2.00
Director
$0 $0 $0
JEANETTE GIOIA DIRECTOR 2.00
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
2025 $978,184 $758,665 $1,074,701 $219,519
2024 No data No data No data No data
2023 $668,995 $693,158 $971,014 $-24,163
2022 $727,103 $537,774 $988,056 $189,329
2021 $784,392 $772,487 $830,131 $11,905
2020 $839,178 $461,108 $862,516 $378,070
2019 $489,830 $318,843 $496,317 $170,987
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