FAENA ARTS INC (EIN 471636322) - 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

2014

Legal Domicile

Principal Officer

NICOLE COMOTTI

Phone

3059044058

Tax Period

2023-01-01 to 2023-12-31

FAENA ARTS INC, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

ENCOURAGING, COMMISSIONING AND PRODUCING AMBITIOUS PUBLIC ARTS PROJECTS.

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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 $1,612,295

Program Service Revenue $0

Investment Income $0

Other Revenue $-345,355

TOTAL REVENUE $1,266,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,800

Fundraising Expenses $228,950

Program Expenses $666,185

Other Expenses $1,051,453

TOTAL EXPENSES $1,523,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,266,940	$1,333,552	0.0%
Expenses	$1,523,203	$1,624,290	-0.1%
Net Income	$-256,263	$-290,738	-0.1%

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

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

$222,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERMAN DE ELIZALDE	PRESIDENT	40.00	Officer Director	$0	$0	$0
NEISEN O KASDIN	TREASURER	2.00	Officer Director	$0	$0	$0
LAUREN CRAMER	SECRETARY	2.00	Director	$0	$0	$0
NICOLE COMOTTI	EXECUTIVE DIRECTOR	40.00	Officer	$162,800	$0	$162,800
JOSE SOTO	CONTROLLER	40.00	Officer	$60,000	$0	$60,000

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	$1,266,940	$1,523,203	$414,356	$-256,263
2022	$1,333,552	$1,624,290	$1,033,541	$-290,738
2021	$1,364,663	$572,860	$923,793	$791,803
2020	$313,280	$384,088	$104,159	$-70,808
2019	$1,156,417	$991,964	$172,895	$164,453
2018	$633,819	$1,000,440	$65,420	$-366,621

FAENA ARTS INC