ARTS SERVICES INITIATIVE OF WESTERN NEW YORK INC (EIN 454531129) - 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

2013

Legal Domicile

Principal Officer

JENNIFER SWAN-KILPATRICK

Phone

7168333004

Tax Period

2024-01-01 to 2024-12-31

ARTS SERVICES INITIATIVE OF WESTERN NEW YORK INC, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024.

Mission

ARTS SERVICES INC. (ASI) EMPOWERS THE REGION'S ARTISTS AND ARTS ORGANIZATIONS WITH CONNECTIONS TO FUNDING, LEARNING OPPORTUNITIES, AND COMMUNITY ACCESS TO THE ARTS. WE ARE A RESOURCE HUB FOR THE WESTERN NEW YORK ARTS AND CULTURAL SECTOR.

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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 $1,384,406

Program Service Revenue $70,090

Investment Income $702

Other Revenue $8,414

TOTAL REVENUE $1,463,612

Expense Breakdown

Grants Paid $784,500

Salaries & Benefits $393,662

Fundraising Expenses $43,155

Program Expenses $1,374,606

Other Expenses $323,368

TOTAL EXPENSES $1,501,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,463,612	$1,497,829	0.0%
Expenses	$1,501,530	$1,341,600	+0.1%
Net Income	$-37,918	$156,229	-1.2%

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

$66,174

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OWEN O SUILLEABHAIN	BOARD MEMBER/PRESIDENT	0.25	Officer Director	$0	$0	$0
MICHELLE BRASWELL	BOARD MEMBER/VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
KATHERINE TRAPANOVSKI	BOARD MEMBER/SECRETARY	0.25	Officer Director	$0	$0	$0
HEATHER WARNES	BOARD MEMBER/TREASURER	0.25	Officer Director	$0	$0	$0
LINDSAY ALESHIRE	BOARD MEMBER	0.25	Director	$0	$0	$0
RICK DAVIS	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL A DEFREITAS	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL FARROW	BOARD MEMBER	0.25	Director	$0	$0	$0
RYAN FLORE	BOARD MEMBER	0.25	Director	$0	$0	$0
NOAH GOODING	BOARD MEMBER	0.25	Director	$0	$0	$0
KIMBERLY SCHUETTE	BOARD MEMBER	0.25	Director	$0	$0	$0
KATHERINE L WOOD	BOARD MEMBER	0.25	Director	$0	$0	$0
JORDAN STEVES	BOARD MEMBER (TERMED 6/2024)	0.25	Director	$0	$0	$0
EARL WELLS	BOARD MEMBER (TERMED 6/2024)	0.25	Director	$0	$0	$0
JENNIFER SWAN-KILPATRICK	EXECUTIVE DIRECTOR	40.00	Officer	$64,712	$1,462	$66,174

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	$1,463,612	$1,501,530	$727,865	$-37,918
2023	$1,497,829	$1,341,600	$778,570	$156,229
2022	$692,771	$680,184	$734,732	$12,587
2021	$576,158	$552,272	$751,248	$23,886
2020	$725,353	$703,574	$485,274	$21,779
2019	$521,583	$488,277	$429,745	$33,306
2018	$478,752	$472,706	$414,561	$6,046
2018	$502,752	$496,706	$414,561	$6,046

ARTS SERVICES INITIATIVE OF WESTERN NEW YORK INC