Art As Healing Foundation

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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

2017

Legal Domicile

Principal Officer

Karyn Stetz

Tax Period

2023-06-01 to 2024-05-31

Art As Healing Foundation, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $498K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $466K left a modest 6% surplus.

Mission

Support and promote creative careers and other expressive endeavors by artists who are members of socially underrepresented or economically disadvantaged communities such as minorities and women

Program Service Accomplishments

Program 1

Expenses: $155,226

Novi Taco Fest Promotion for local artists

Program 2

Expenses: $107,308

Toledo Art Fairs Promotion for local artists Half Moon Lake and Gross Point Art Expos to raise awareness for local artists

Program 3

Expenses: $86,299

Art In The Castle Festival Promotion for local artists

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $497,436

Investment Income $162

Other Revenue $0

TOTAL REVENUE $497,598

Expense Breakdown

Grants Paid $70

Salaries & Benefits $83,992

Fundraising Expenses $0

Program Expenses $378,327

Other Expenses $382,068

TOTAL EXPENSES $466,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$497,598	$318,779	+0.6%
Expenses	$466,130	$286,430	+0.6%
Net Income	$31,468	$32,349	0.0%

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

N/A

Employees

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Kiley	Operations Director	0.00	Officer	$0	$0	$0
Bart Loeb	Marketing Director	0.00	Officer	$0	$0	$0
Karyn Stetz	Principal Officer	20.00	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	$497,598	$466,130	$77,513	$31,468
2023	$318,779	$286,430	$52,588	$32,349