ARTVAN (EIN 452301696) - 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

2011

Legal Domicile

Principal Officer

DEBBIE FORESTER

Phone

2078054323

Tax Period

2024-01-01 to 2024-12-31

ARTVAN, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $228K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $265K exceeded revenue, resulting in a 16% operating deficit.

Mission

ARTVANS MISSION IS TO PROMOTE EQUITY AND ACCESSIBILITY BY DELIVERING MOBILE ART THERAPY TO FOR TRANSFORMATIONAL HEALING TO PEOPLE IN THEIR COMMUNITIES.

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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 $174,960

Program Service Revenue $47,596

Investment Income $5,179

Other Revenue $452

TOTAL REVENUE $228,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,885

Fundraising Expenses $62,608

Program Expenses $159,005

Other Expenses $60,684

TOTAL EXPENSES $264,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,187	$301,295	-0.2%
Expenses	$264,569	$230,136	+0.1%
Net Income	$-36,382	$71,159	-1.5%

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

N/A

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
BLAIR BACON	CHAIR	1.00	Officer Director	$0	$0	$0
CATHY CONNOLLY	Treasurer	1.00	Officer Director	$0	$0	$0
JEN HARKINS	Director	1.00	Director	$0	$0	$0
MAUREEN ROMOFF	Director	1.00	Director	$0	$0	$0
SARA RUBENSON	Secretary	1.00	Officer Director	$0	$0	$0
SHANNON ELS	Director	1.00	Director	$0	$0	$0
ISABEL LEITZELL	Director	1.00	Director	$0	$0	$0
HUNTER STEELE	Director	1.00	Director	$0	$0	$0
TAMRA VEILLEUX	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
2024	$228,187	$264,569	$232,546	$-36,382
2023	$301,295	$230,136	$272,574	$71,159
2022	$203,044	$176,038	$199,217	$27,006
2021	$214,687	$155,349	$186,835	$59,338

ARTVAN