Using Art to Create a Better World (EIN 465181948) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

James Ulick

Phone

4796433185

Tax Period

2024-01-01 to 2024-12-31

USING ART TO CREATE A BETTER WORLD, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $315K in total revenue in fiscal year 2018.

Mission

OUR MISSION IS TO USE THE VEHICLE OF ART TO INSPIRE INDIVIDUALS TO BE CREATIVE, AND IN TURN, TO USE THEIR CREATIVITY TO CREATE A BETTER WORLD. WE OFFER A VENUE WHERE THE PUBLIC CAN APPRECIATE, INTERACT WITH, CREATE ANDSUPPORT LOCAL ART. WE ARE DEDICATED TO PROMOTING THE ARTS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,051

Program Service Revenue $219,186

Investment Income $1,568

Other Revenue $21,854

TOTAL REVENUE $261,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,523

Fundraising Expenses $5,080

Program Expenses $206,001

Other Expenses $119,891

TOTAL EXPENSES $259,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,659	$250,649	+0.0%
Expenses	$259,414	$216,057	+0.2%
Net Income	$2,245	$34,592	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
James Ulick	President	Officer	$0	$0	$0
Karen Hanna-Towne	Chair	Officer	$0	$0	$0
Corrin Troutman	Vice President	Officer	$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	$261,659	$259,414	$132,485	$2,245
2023	$250,649	$216,057	$135,306	$34,592
2022	$234,716	$208,256	$98,041	$26,460
2021	$119,203	$193,085	$71,031	$-73,882
2020	$154,889	$193,283	$145,949	$-38,394
2019	$443,991	$342,653	$183,874	$101,338
2018	$314,741	$326,285	$110,324	$-11,544

Using Art to Create a Better World