ART ROAD NONPROFIT CORPORATION (EIN 371473743) - 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

CAROL HOFGARTNER

Phone

3134079805

Tax Period

2021-08-01 to 2022-07-31

ART ROAD NONPROFIT CORPORATION, founded in 2003, is a micro nonprofit that reported $40K in total revenue in fiscal year 2021. Revenue surged 312% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22K, a strong 55% operating margin.

Mission

ART ROAD NONPROFIT'S MISSION IS THAT CHILDREN THROUGHOUT SOUTHEASTERN MICHIGAN WILL HAVE ACCESS TO ART INSTRUCTION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $40,191

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,346

Other Expenses $18,221

TOTAL EXPENSES $18,221

Year-over-Year Comparison

	2021	2020	Change
Revenue	$40,191	$9,758	+3.1%
Expenses	$18,221	$12,525	+0.5%
Net Income	$21,970	$-2,767	-8.9%

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
TONY AMATO	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHANIE BATTAGLIA	BOARD MEMBER	N/A	Director	$0	$0	$0
CARRIE CURNOW	BOARD MEMBER	N/A	Director	$0	$0	$0
TODD KANANEN	CHAIRMAN	N/A	Director	$0	$0	$0
VINVENT KIRKWOOD	TREASURER	N/A	Director	$0	$0	$0
CAROL HOFGARTNER	EXEC DIRECTO	N/A	Officer	$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
2022	$40,191	$18,221	$110,901	$21,970
2021	$9,758	$12,525	$109,172	$-2,767
2020	$248,864	$279,348	$111,939	$-30,484
2019	$208,759	$217,864	$121,843	$-9,105

ART ROAD NONPROFIT CORPORATION