HEALING ARTS PROJECT INC (EIN 371486630) - 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

2004

Legal Domicile

Principal Officer

Lynece Benton-Stewart

Phone

6157616126

Tax Period

2024-07-01 to 2025-06-30

HEALING ARTS PROJECT INC, founded in 2004, is a small nonprofit in the Mental Health sector that reported $243K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

To provide artist opportunities to persons in mental health and substance abuse recovery

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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 $242,845

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $242,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,953

Fundraising Expenses $8,426

Program Expenses $180,919

Other Expenses $153,508

TOTAL EXPENSES $239,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,845	$257,976	-0.1%
Expenses	$239,461	$266,256	-0.1%
Net Income	$3,384	$-8,280	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynece BentonStewart	Executive Director	35	Highest	$51,820	$0	$51,820
Molly BombardiMount	Board Member	0.5	Director	$0	$0	$0
Evelyn Yeargin	Board Member	0.5	Director	$0	$0	$0
Kelly Dorsey	Board Member	0.35	Director	$0	$0	$0
Joshua Gregory	Board Member	0.20	Director	$0	$0	$0
James Waller	Treasurer	1	Officer Director	$0	$0	$0
Mary Bers	Board Member	1	Officer Director	$0	$0	$0
Leann Crawford	Board Member	0.25	Director	$0	$0	$0
Alondra Soto	Board of Director	0.5	Director	$0	$0	$0
Mary Linden Salter	Chair	1	Officer	$0	$0	$0
Claudia Bonnyman	Vice Chair	1	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
2025	$242,845	$239,461	$15,111	$3,384
2024	$257,976	$266,256	$-2,420	$-8,280
2023	$197,837	$198,783	$36,723	$-946
2022	$223,487	$213,459	$66,704	$10,028

HEALING ARTS PROJECT INC