ARTPHILLY

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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

2024

Legal Domicile

Principal Officer

WILLIAM ADAIR

Phone

2673378755

Tax Period

2024-12-11 to 2025-06-30

ARTPHILLY, founded in 2024, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 66% operating margin.

Mission

THE MISSION OF ARTPHILLY IS TO AMPLIFY PHILADELPHIA'S ARTS AND CULTURE BY COMMISSIONING, PRESENTING, PRODUCING, AND PROMOTING ART OF ALL KINDS FOR LOCAL AUDIENCES AND THE WORLD. ITS VISION IS TO SPOTLIGHT(CONTINUED ON SCHEDULE O)THE CITY OF PHILADELPHIA AS A GLOBALLY RECOGNIZED HUB FOR ARTS AND CULTURE, CELEBRATED FOR ITS VIBRANT CREATIVE COMMUNITIES AND DIVERSE ARTISTIC EXPRESSIONS.

Program Service Accomplishments

Program 1

Expenses: $636,935 Revenue: $0

OUR PROGRAMMING SUPPORTS OUR MISSION TO STRENGTHEN PHILADELPHIA'S ARTS AND CULTURE BY PRESENTING, PRODUCING, AND PROMOTING VARIOUS ART FORMS FOR BOTH LOCAL AND GLOBAL AUDIENCES. WE ARE DEDICATED TO PRESENTING THE FULL BREADTH OF PHILADELPHIA'S CREATIVE EXPRESSIONS WHILE ADVANCING EQUITY AND ECONOMIC INCLUSION FOR THE REGION'S DIVERSE ARTISTS AND ARTS ORGANIZATIONS. THIS IS ACHIEVED THROUGH OUR CORE VALUES: (A) TRANSPARENCY: CREATING CONNECTIONS THAT ARE GENUINE AND BUILT ON TRUST, (B) COLLABORATION: FUELING COLLECTIVE CREATIVITY AND ENGAGING DIVERSE TALENTS, (C) EQUITY: PRACTICING RESPECTFUL AND POSITIVE RECOGNITION AND UNDERSTANDING, AND (D) EXCELLENCE: STRIVING WITH INTEGRITY FOR THE HIGHEST STANDARDS.

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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 $2,730,341

Program Service Revenue $0

Investment Income $0

Other Revenue $5,299

TOTAL REVENUE $2,735,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,480

Fundraising Expenses $82,394

Program Expenses $636,935

Other Expenses $796,424

TOTAL EXPENSES $919,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,735,640	N/A	N/A
Expenses	$919,904	N/A	N/A
Net Income	$1,815,736	N/A	N/A

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

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
KATHERINE SACHS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM ADAIR	CREATIVE & ED, TREASURER	40.00	Officer Director	$0	$0	$0
JOHN MCINERNEY	SECRETARY	1.00	Officer 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	$2,735,640	$919,904	$2,389,925	$1,815,736