Wr Arts Inc

EIN: 462663098 501(c)(3) Arts, Culture & Humanities

Brooklyn, NY

Total Revenue
$469,831
Total Expenses
$395,210
Total Assets
$401,707
Net Assets
$149,138
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Phone
9178475727
Tax Period
2023-01-01 to 2023-12-31

Wr Arts Inc, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $470K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 16% operating margin.

Mission

501(c)3 WR Arts is here to provide an open, supportive artistic environment to those looking to cultivate a lasting relationship with Dance and the Performing Arts. We strive to find ways to blend North Brooklyn's culturally diverse neighborhoods together under one roof to build a stronger community together through the arts. With our "In School" on-site after school enrichment programing and our 6 days a week "Home Base" General Children's and Pre-Professional training at 573 Metropolitan Avenue, we connect ALL to the arts experience. Through our "In School" program WR brings a professional studio atmosphere into classroom spaces at an introductory level. To further the interest and training of those looking for more, WR has a "Home Base", with reduced rate community classes and scholarship opportunities for participation in our General and Pre-Professional programing. Through workshops and community classes for every age and experience level, we welcome artists of all races, sizes, a

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,445
Program Service Revenue $443,030
Investment Income $2,459
Other Revenue $1,897
TOTAL REVENUE $469,831

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,235
Fundraising Expenses $1,949
Program Expenses $268,449
Other Expenses $270,975
TOTAL EXPENSES $395,210

Year-over-Year Comparison

2023 2022 Change
Revenue $469,831 $318,124 +0.5%
Expenses $395,210 $265,230 +0.5%
Net Income $74,621 $52,894 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
7
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
3
$59,669
Total Directors
3
$59,669
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nicole Guiland President 40.00
Officer Director
$56,267 $0 $56,267
Cristina Gustaitis Secretary 10.00
Officer Director
$3,402 $0 $3,402
Frank Rupp 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 No data No data No data No data
2023 $469,831 $395,210 $401,707 $74,621
2022 $318,124 $265,230 $240,123 $52,894
2021 $215,175 $180,992 $55,906 $34,183
2019 $418,231 $418,347 $157,374 $-116
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