BALTIMORE ARTS REALTY CORPORATION (EIN 461134776) - 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

LEON F PINKETT III

Phone

4432752174

Tax Period

2024-01-01 to 2024-12-31

BALTIMORE ARTS REALTY CORPORATION, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE BALTIMORE ARTS REALTY CORPORATION IS A NON-PROFIT, 501(C)(3) CORPORATION, ESTABLISHED IN THE STATE OF MARYLAND, FOR THE PURPOSES OF ACQUIRING, DEVELOPING, MANAGING AND LEASING REAL ESTATE TO SERVE ARTISTS AND SMALL ARTS ORGANIZATIONS IN THE CITY OF BALTIMORE WITH AN EMPHASIS ON OPERATING IN AREAS OF THE CITY THAT ARE ECONOMICALLY MARGINAL OR COMMERCIALLY UNDERVALUED AT THE TIME OF THE ACQUISITION AND DEVELOPMENT OF PROPERTY IN THAT AREA.

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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 $1,401,659

Program Service Revenue $152,286

Investment Income $2,621

Other Revenue $-252,986

TOTAL REVENUE $1,303,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $654,324

Fundraising Expenses $19,811

Program Expenses $1,431,395

Other Expenses $1,153,804

TOTAL EXPENSES $1,808,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,303,580	$853,171	+0.5%
Expenses	$1,808,128	$1,620,799	+0.1%
Net Income	$-504,548	$-767,628	-0.3%

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

$130,000

Total Directors

$130,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEON F PINKETT III	EXECUTIVE DI	35.00	Officer Director	$130,000	$0	$130,000
SONJA CENDAK	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN LANE	DIRECTOR	1.00	Director	$0	$0	$0
EMILY LERMAN	DIRECTOR	1.00	Director	$0	$0	$0
SARSFIELD WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER VEY	PRESIDENT AN	1.00	Officer Director	$0	$0	$0
JAY REED	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER PUDDY	DIRECTOR	1.00	Director	$0	$0	$0
NINA CASALENA	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	$1,303,580	$1,808,128	$15,168,723	$-504,548
2023	$853,171	$1,620,799	$14,733,626	$-767,628
2022	$4,113,017	$1,156,925	$15,490,869	$2,956,092
2021	$2,009,720	$1,147,563	$24,033,407	$862,157
2020	$1,259,199	$972,363	$24,401,806	$286,836
2019	$1,822,047	$1,465,309	$24,969,595	$356,738
2018	$4,631,839	$1,687,180	$25,846,599	$2,944,659

BALTIMORE ARTS REALTY CORPORATION