Working Artists and the Greater Ec… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

Lise Soskolne

Phone

7186228222

Tax Period

2022-07-01 to 2023-06-30

Working Artists and the Greater Economy Inc, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $120K in total revenue in fiscal year 2022. Expenses of $177K exceeded revenue, resulting in a 47% operating deficit.

Mission

The organization's mission is to bring attention to, and address, the economic inequalities that exist in the arts.

Program Service Accomplishments

Program 1

Expenses: $144,292 Revenue: $7,376

Program services focus on regulating the payment of artist fees by nonprofit art institutions and establishing a sustainable labor relation between artists and art institutions.

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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 $112,890

Program Service Revenue $7,376

Investment Income $0

Other Revenue $0

TOTAL REVENUE $120,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,363

Fundraising Expenses $2,435

Program Expenses $144,292

Other Expenses $132,407

TOTAL EXPENSES $176,770

Year-over-Year Comparison

	2022	2021	Change
Revenue	$120,266	$113,308	+0.1%
Expenses	$176,770	$98,933	+0.8%
Net Income	$-56,504	$14,375	-4.9%

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

$48,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lise Soskolne	Core Organizer	40.00	Officer	$48,396	$0	$48,396
Richard Birkett	President/Treasurer	1.00	Director	$0	$0	$0
Brian Kuan Wood	Director	1.00	Director	$0	$0	$0
Natascha Sadr Haghighian	Director	1.00	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
2023	$120,266	$176,770	$9,007	$-56,504
2022	$113,308	$98,933	$166,633	$14,375

Working Artists and the Greater Economy Inc