PROFESSIONAL ARTISTIC RESEARCH PROJECTS

EIN: 471305368 501(c)(3) Arts, Culture & Humanities

Cincinnati, OH

Total Revenue
$381,039
Total Expenses
$336,776
Total Assets
$1,748,669
Net Assets
$1,650,569
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
OH
Principal Officer
Jonathan Sears
Phone
5133946564
Tax Period
2023-01-01 to 2023-12-31

PROFESSIONAL ARTISTIC RESEARCH PROJECTS, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $381K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $337K left a modest 12% surplus.

Mission

Professional Artistic Research (PAR-) Projects' mission is to empower diverse communities of people who believe in the arts. As educators, we provide workshops & classes related to career development & skills training. As artists, we enjoy hosting thought provoking exhibits & collaborations.

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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 $345,660
Program Service Revenue $35,379
Investment Income $0
Other Revenue $0
TOTAL REVENUE $381,039

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,836
Fundraising Expenses $5,338
Program Expenses $331,110
Other Expenses $221,940
TOTAL EXPENSES $336,776

Year-over-Year Comparison

2023 2022 Change
Revenue $381,039 $230,109 +0.7%
Expenses $336,776 $267,054 +0.3%
Net Income $44,263 $-36,945 -2.2%
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

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Governance

Voting Members
8
Independent Members
6
Employees
4
Volunteers
24

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
$0
Total Directors
8
$42,000
Key Employees
5
$104,864
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jonathan Sears Executive Director 40
Director Key Emp
$42,000 $0 $42,000
Gabrielle Roach Arts & Programming Coordinator 30
Key Emp
$38,320 $0 $38,320
Alisha Budkie Campaign & Development Manager 30
Key Emp
$24,000 $0 $24,000
Henry Lindeman Design Intern 10
Key Emp
$544 $0 $544
Herbert Robinson President of the board 5
Officer Director
$0 $0 $0
Rachel Schwartzman Murphy Vice President of the board 2
Director Key Emp
$0 $0 $0
Philip Stowers Secretary of the board 2
Officer Director
$0 $0 $0
Ian Silander Treasurer of the board 2
Officer Director
$0 $0 $0
Vanessa Riley Thurman Director 2
Director
$0 $0 $0
Michael Keifling Director 2
Director
$0 $0 $0
Rick Wolf Director 2
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 $381,039 $336,776 $1,748,669 $44,263
2022 $230,109 $267,054 $1,756,724 $-36,945
2021 $221,717 $204,553 $1,793,251 $17,164
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