ARTWORKS FOR MILWAUKEE INC (EIN 392025582) - 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

2001

Legal Domicile

Principal Officer

RHIANNON ORIZAGA

Phone

4147089996

Tax Period

2024-01-01 to 2024-12-31

ARTWORKS FOR MILWAUKEE INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $225K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $366K exceeded revenue, resulting in a 63% operating deficit.

Mission

ArtWorks mission is preparing youth for tomorrow by providing transferable career skills through arts internships today. Our vision is: all Milwaukee youth have access to career readiness opportunities.

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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 $222,185

Program Service Revenue $0

Investment Income $6

Other Revenue $2,688

TOTAL REVENUE $224,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,956

Fundraising Expenses $23,347

Program Expenses $293,152

Other Expenses $83,056

TOTAL EXPENSES $366,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,879	$331,651	-0.3%
Expenses	$366,012	$315,317	+0.2%
Net Income	$-141,133	$16,334	-9.6%

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

$54,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHIANNON ORIZAGA	EXECUTIVE DIRECTOR	50.00	Officer	$54,615	$0	$54,615
KATERINA LESSARD	PRESIDENT	2.00	Officer Director	$0	$0	$0
GILLIAN SPENCE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM NEUNER	TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN MASON	SECRETARY	2.00	Officer Director	$0	$0	$0
RACHEL FOX ARMSTRONG	DIRECTOR	2.00	Director	$0	$0	$0
NICOLAS BARIA	DIRECTOR	2.00	Director	$0	$0	$0
JAY BURSETH	DIRECTOR	2.00	Director	$0	$0	$0
RASHIDAH BUTLER-JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
MONICA CAIL	DIRECTOR	2.00	Director	$0	$0	$0
MELVA DARROUGH	DIRECTOR	2.00	Director	$0	$0	$0
ALYSSA DOMAN	DIRECTOR	2.00	Director	$0	$0	$0
TAYLORE MCBRIDE	DIRECTOR	2.00	Director	$0	$0	$0
DARIUS MCDUFFIE	DIRECTOR	2.00	Director	$0	$0	$0
MEGWYN SANDERS-ANDREWS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER WASHINGTON	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
2024	$224,879	$366,012	$72,594	$-141,133
2023	$331,651	$315,317	$207,706	$16,334
2022	$234,919	$237,760	$189,319	$-2,841
2021	$314,325	$252,153	$189,760	$62,172
2020	$255,749	$248,240	$157,499	$7,509

ARTWORKS FOR MILWAUKEE INC