Lovewell Institute for the Creative Arts Inc (EIN 481066435) - 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

1988

Legal Domicile

Principal Officer

WENDY MASI

Phone

9542706452

Tax Period

2023-01-01 to 2023-12-31

Lovewell Institute for the Creative Arts Inc, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $336K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Provide arts programs that empower people from all cultures and economic backgrounds through creation of original works of theatre

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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 $183,208

Program Service Revenue $152,559

Investment Income $0

Other Revenue $367

TOTAL REVENUE $336,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,717

Fundraising Expenses $0

Program Expenses $278,912

Other Expenses $149,462

TOTAL EXPENSES $331,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,134	$303,853	+0.1%
Expenses	$331,179	$353,637	-0.1%
Net Income	$4,955	$-49,784	-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

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

$12,000

Total Directors

Key Employees

$63,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY MASI PHD	President	N/A	Officer Director	$0	$0	$0
HARRIET MATHIS	Director	N/A	Director	$0	$0	$0
WILLIAM SHOEMAKER	Director	N/A	Director	$0	$0	$0
NILS-PETTER ANKARBLOM	DIrector	N/A	Director	$0	$0	$0
ERIN DEBOLD	Director	N/A	Director	$0	$0	$0
RICHARD GORE	Director	N/A	Director	$0	$0	$0
KATY HAWLEY	Director	N/A	Director	$0	$0	$0
WENDY POMERANTZ	Director	N/A	Director	$0	$0	$0
PETER YOCKEL	Director	N/A	Director	$0	$0	$0
C SCOTT RASSLER	Director	N/A	Director	$0	$0	$0
CARRIE GILCHRIST	Employee	40.00	Key Emp	$63,000	$0	$63,000
JESSE CARLO	Director	N/A	Director	$0	$0	$0
ISIS ZAMBRANA	Director	N/A	Director	$0	$0	$0
MICHAEL HEIM	Treasurer	14.00	Officer	$12,000	$0	$12,000
MARTHA MACIAZ-NORELID	Director	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$336,134	$331,179	$61,309	$4,955
2022	$303,853	$353,637	$51,962	$-49,784
2021	$288,472	$243,566	$96,170	$44,906
2020	$241,475	$224,323	$50,618	$17,152
2019	$344,236	$344,673	$38,459	$-437

Lovewell Institute for the Creative Arts Inc