ART FOR THE SOUL GALLERY INC (EIN 452068344) - 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

2015

Legal Domicile

Principal Officer

ROSEMARY TRACY WOODS

Phone

4132314598

Tax Period

2024-01-01 to 2024-12-31

ART FOR THE SOUL GALLERY INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $135K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $128K left a modest 5% surplus.

Mission

ART FOR THE SOUL GALLERY, INC. WAS ESTABLISHED TO PROVIDE A VENUE WHERE ARTISTS OF ALL CULTURES CAN EXHIBIT AND SELL THEIR ART. THE SPACE WAS CREATED TO REPRESENT AND PROMOTE THE WORK OF EMERGING LOCAL ARTISTS.

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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 $135,113

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $135,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,023

Fundraising Expenses $0

Program Expenses $128,130

Other Expenses $108,107

TOTAL EXPENSES $128,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,113	$190,918	-0.3%
Expenses	$128,130	$145,159	-0.1%
Net Income	$6,983	$45,759	-0.8%

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

1311

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
ROSEMARY TRACY WOODS	EXECUTIVE DIRECTOR	25.00	Officer Director	$0	$0	$0
TONI HENDRIX	PRESIDENT	10.00	Officer	$0	$0	$0
AKQUANNA WELLS	SECRETARY	N/A	Officer	$0	$0	$0
LAWRENCE MURREN	TREASURER	N/A	Officer	$0	$0	$0
WILLIAM MYERS	ARTISTIC DIRECTOR	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
2024	$135,113	$128,130	$89,339	$6,983
2023	$190,918	$145,159	$82,356	$45,759
2022	$79,421	$76,502	$36,597	$2,919
2021	$74,277	$65,752	$33,678	$8,525
2020	$92,520	$68,442	$25,153	$24,078

ART FOR THE SOUL GALLERY INC