ARTWORKS FOUNDATION (EIN 453246476) - 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

2012

Legal Domicile

Principal Officer

GREGORY J BELZ

Phone

9018263196

Tax Period

2024-01-01 to 2024-12-31

ARTWORKS FOUNDATION, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $553K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $510K left a modest 8% surplus.

Mission

TO ENCOURAGE COOPERATION AND THE FREE EXCHANGE AMONG ARTISTS, ART STUDENTS, ART TEACHERS, CRAFTSMEN, PUBLISHERS, AND OTHERS ENGAGED IN ARTISTIC ACTIVITIES THROUGH GROUP SHOWS AND LECTURES

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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 $120,697

Program Service Revenue $431,629

Investment Income $675

Other Revenue $0

TOTAL REVENUE $553,001

Expense Breakdown

Grants Paid $1,194

Salaries & Benefits $27,000

Fundraising Expenses $911

Program Expenses $435,466

Other Expenses $481,475

TOTAL EXPENSES $509,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$553,001	$507,154	+0.1%
Expenses	$509,669	$523,180	0.0%
Net Income	$43,332	$-16,026	-3.7%

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

180

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

$27,000

Total Directors

$27,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG BELZ	EXECUTIVE DIRECTOR	30.00	Officer Director	$27,000	$0	$27,000
DOROTHY NORTHERN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLOS RIVERA	BOARD MEMBER	1.00	Director	$0	$0	$0
AMBROSE HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JANIS HABBAZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARRON BARRETT	PRESIDENT	3.00	Officer Director	$0	$0	$0
ELDRA TARPLEY WHITE	SECRETARY	3.00	Officer Director	$0	$0	$0
CYNTHIA GRIVICH-TUCKER	TREASURER	1.00	Officer 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	$553,001	$509,669	$122,804	$43,332
2023	$507,154	$523,180	$75,525	$-16,026
2022	$220,766	$255,392	$89,172	$-34,626
2021	$434,824	$411,603	$126,298	$23,221
2020	$287,165	$289,981	$104,577	$-2,816
2019	$312,766	$287,689	$47,122	$25,077
2018	$247,810	$229,228	$27,652	$18,582

ARTWORKS FOUNDATION