ALLIES IN ARTS

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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

2016

Legal Domicile

Principal Officer

DREW DENNY

Phone

3102708342

Tax Period

2023-01-01 to 2023-12-31

ALLIES IN ARTS, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $601K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

OUR MISSION IS TO SUPPORT ARTISTS WHO ARE WOMEN, BIPOC, AND LGBTQQIA2S - ALL OF WHOM ARE UNDERREPRESENTED INDIVIDUALS IN CREATIVE INDUSTRIES.ARTISTS FROM OUR COMMUNITIES FACE BARRIERS AS A DIRECT RESULT OF RACE, GENDER, SEX, AND SEXUAL ORIENTATION. WE SEEK TO BREAK DOWN THOSE BARRIERS BY PROVIDING FREE EDUCATIONAL COURSES TO EMERGING ARTISTS, AWARDING GRANTS, CURATING EXHIBITIONS AND SCREENINGS, AND CONNECTING ARTISTS WITH THE DECISION-MAKERS WHO CAN HIRE THEM.

Program Service Accomplishments

Program 1

Expenses: $308,836

TRANSANTA PROGRAM - SENT GIFTS TO OVER 4,350 QUEER YOUTH IN NEED WHOSE FAMILIES CANNOT AFFORD TO GIVE THEM GIFTS OR WHOSE FAMILIES DO NOT ACCEPT THEM AND THUS CHOOSE NOT TO GIVE THEM GIFTS.

Program 2

Expenses: $42,309

THE WRITING COURSE PROGRAM - ORGANIZED A WRITING COURSE BETWEEN PUBLISHED AUTHORS AND STUDENTS TO MENTOR AND DEVELOP THEIR CRAFT TURNING THEIR ORIGINAL WORK INTO A PUBLISHED BOOK.

Program 3

Expenses: $10,000

CHOSEN KIN PROGRAM - CREATED AND HOSTED A PARENT AND CHILD ART PROGRAM TO RELIEVE STRESS, IMPROVE BONDING, AND WORK THROUGH TRAUMA.

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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 $598,500

Program Service Revenue $0

Investment Income $2,832

Other Revenue $0

TOTAL REVENUE $601,332

Expense Breakdown

Grants Paid $104,385

Salaries & Benefits $354,522

Fundraising Expenses $5,828

Program Expenses $595,573

Other Expenses $182,593

TOTAL EXPENSES $641,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$601,332	$950,569	-0.4%
Expenses	$641,500	$504,111	+0.3%
Net Income	$-40,168	$446,458	-1.1%

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

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

$144,391

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DREW DENNY	PRESIDENT	30.00	Officer	$75,417	$0	$75,417
KYLE LASKY KUTTEN	SECRETARY	10.00	Officer	$68,974	$0	$68,974
ADEN HAKIMI	TREASURER	3.00	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	No data	No data	No data	No data
2023	$601,332	$641,500	$636,210	$-40,168
2022	$950,569	$504,111	$666,021	$446,458
2021	$305,817	$143,554	$218,283	$162,263