Asante Art Institute of Indianapolis Inc (EIN 352203194) - 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

2003

Legal Domicile

Principal Officer

KEESHA DIXON

Phone

3176523727

Tax Period

2022-07-01 to 2023-06-30

Asante Art Institute of Indianapolis Inc, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $717K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $185K, a strong 26% operating margin.

Mission

USE THE TRADITIONS OF AFRICAN AMERICAN PERFORMING ARTS TO FOSTER YOUTH AND ADULT DEVELOPMENT AND INSPIRE THE GLOBAL COMMUNITY

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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 (2022)

Revenue Breakdown

Contributions & Grants $624,177

Program Service Revenue $88,274

Investment Income $4,411

Other Revenue $0

TOTAL REVENUE $716,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,507

Fundraising Expenses $12,530

Program Expenses $253,616

Other Expenses $328,785

TOTAL EXPENSES $532,292

Year-over-Year Comparison

	2022	2021	Change
Revenue	$716,862	$646,595	+0.1%
Expenses	$532,292	$462,995	+0.1%
Net Income	$184,570	$183,600	+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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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

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

$60,500

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEESHA DIXON	EXECUTIVE DIRECTOR	40.00	Officer	$40,500	$0	$40,500
REV DR WINTERBOURNE HARRISON-JON	PRESIDENT	6.000	Officer Director	$0	$0	$0
LES CARROLL II	DIRECTOR	0.400	Director	$0	$0	$0
CATHRYN FERREE	DIRECTOR	0.400	Director	$0	$0	$0
DEBORAH ASANTE	ARTISTIC DIRECTOR	40.00	Officer Director	$20,000	$0	$20,000
KATHRYN JORDAN	SECRETARY	1.000	Officer Director	$0	$0	$0
LAVESE DANIEL	TREASURER	2.000	Officer Director	$0	$0	$0
VERONIQUE BRISCOE-BEUOY	DIRECTOR	0.400	Director	$0	$0	$0
REGINA MAJORS	DIRECTOR	0.400	Director	$0	$0	$0
IDALIA WILMOTH	DIRECTOR	0.400	Director	$0	$0	$0
PATRICK JAMES	DIRECTOR	0.400	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$716,862	$532,292	$757,906	$184,570
2022	$646,595	$526,272	$520,934	$120,323
2021	$572,988	$437,937	$539,680	$135,051

Asante Art Institute of Indianapolis Inc