23 ARTS INITIATIVE INC

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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

BRUCE CATANIA

Phone

9178053861

Tax Period

2019-01-01 to 2019-12-31

23 ARTS INITIATIVE INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $414K in total revenue in fiscal year 2019. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $377K left a modest 9% surplus.

Mission

23ARTS INITIATIVE IS A 501(C)3 NON-PROFIT DEDICATED TO SPONSORING PROGRAMS FOR THE BETTERMENT OF THE HUMAN SPIRIT, BRINGING WORLD-CLASS PERFORMING ARTS TO THE MOUNTAINTOP COMMUNITY OF TANNERSVILLE, NY THROUGH ARTISTIC RESIDENCIES, COMMUNITY OUTREACH AND EDUCATIONAL OPPORTUNITIES WITH INTERNATIONALLY RECOGNIZED ARTISTS.

Program Service Accomplishments

Program 1

Expenses: $338,007

ARTISTIC ARRANGEMENTS, HOLIDAY CONCERT, ETC

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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 (2019)

Revenue Breakdown

Contributions & Grants $390,429

Program Service Revenue $23,838

Investment Income $189

Other Revenue $0

TOTAL REVENUE $414,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,270

Fundraising Expenses $6,496

Program Expenses $338,007

Other Expenses $306,235

TOTAL EXPENSES $376,505

Year-over-Year Comparison

	2019	2018	Change
Revenue	$414,456	$325,456	+0.3%
Expenses	$376,505	$317,669	+0.2%
Net Income	$37,951	$7,787	+3.9%

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

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
PIERS PLAYFAIR	CHARIMAN	10.00	Officer Director	$0	$0	$0
BRUCE CATANIA	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES CECCHI	SECRETARY	2.00	Officer Director	$0	$0	$0
LUCY PLAYFAIR	SECRETARY	40.00	Director	$0	$0	$0
JAMIE GRANT	TRUSTEE	1.00	Director	$0	$0	$0
DENISE SIMON	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE FOOTE	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
2019	$414,456	$376,505	$168,805	$37,951
2018	$325,456	$317,669	$139,409	$7,787