MID ATLANTIC ARTS INC

EIN: 521169382 501(c)(3) Arts, Culture & Humanities

BALTIMORE, MD

Total Revenue
$8,190,396
Total Expenses
$7,921,546
Total Assets
$18,832,906
Net Assets
$11,000,291
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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
1980
Legal Domicile
DE
Principal Officer
JUAN SOUKI
Phone
4105396656
Tax Period
2023-07-01 to 2024-06-30

MID ATLANTIC ARTS INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $7.9M left a modest 3% surplus.

Mission

MID ATLANTIC ARTS NURTURES AND FUNDS THE CREATION AND PRESENTATION OF DIVERSE ARTISTIC EXPRESSION AND CONNECTS PEOPLE TO MEANINGFUL ARTS EXPERIENCES WITHIN OUR REGION AND BEYOND.

Program Service Accomplishments

Program 1
Expenses: $2,605,467

PRESENTING, TOURING & EXHIBITING - PRESENTING, TOURING AND EXHIBITING STABLE TOURING ENGAGEMENTS FOR ARTISTS BOTH WITHIN OUR REGION AND INTERNATIONALLY, AND GIVE COMMUNITIES HIGH QUALITY, AND VARIED...

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PRESENTING, TOURING & EXHIBITING - PRESENTING, TOURING AND EXHIBITING STABLE TOURING ENGAGEMENTS FOR ARTISTS BOTH WITHIN OUR REGION AND INTERNATIONALLY, AND GIVE COMMUNITIES HIGH QUALITY, AND VARIED ARTISTIC EXPERIENCES. THE PROGRAMS BUILD AUDIENCES FOR ARTISTS AND PROVIDE OPPORTUNITIES FOR GREATER UNDERSTANDING AND APPRECIATION OF THE ARTS THROUGHOUT THE MID-ATLANTIC AND THE WORLD.

Program 2
Expenses: $2,027,306

ARTIST FELLOWSHIPS, PROJECTS & RESIDENCES - MID ATLANTIC ARTS, INC. DEVELOPS PARTNERSHIPS AND PROGRAMS THAT REINFORCE ARTISTS' CAPACITY TO CREATE AND PRESENT WORK, AND ADVANCE ACCESS TO AND...

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ARTIST FELLOWSHIPS, PROJECTS & RESIDENCES - MID ATLANTIC ARTS, INC. DEVELOPS PARTNERSHIPS AND PROGRAMS THAT REINFORCE ARTISTS' CAPACITY TO CREATE AND PRESENT WORK, AND ADVANCE ACCESS TO AND PARTICIPATION IN THE ARTS.

Program 3
Expenses: $922,796

COMMUNITY INITIATIVES: THE PURPOSE OF THE PORTFOLIO IS TO SUPPORT ARTISTS AND ORGANIZATIONS WHO ARE CREATING WORK THAT ENHANCES THE WELL-BEING OF THEIR COMMUNITIES THROUGH COLLABORATIVE SOCIAL...

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COMMUNITY INITIATIVES: THE PURPOSE OF THE PORTFOLIO IS TO SUPPORT ARTISTS AND ORGANIZATIONS WHO ARE CREATING WORK THAT ENHANCES THE WELL-BEING OF THEIR COMMUNITIES THROUGH COLLABORATIVE SOCIAL, EDUCATIONAL, AND ARTISTIC EFFORTS.

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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 $7,381,161
Program Service Revenue $0
Investment Income $561,328
Other Revenue $247,907
TOTAL REVENUE $8,190,396

Expense Breakdown

Grants Paid $3,380,558
Salaries & Benefits $2,055,640
Fundraising Expenses $118,652
Program Expenses $6,598,624
Other Expenses $2,485,348
TOTAL EXPENSES $7,921,546

Year-over-Year Comparison

2023 2022 Change
Revenue $8,190,396 $6,596,184 +0.2%
Expenses $7,921,546 $6,480,611 +0.2%
Net Income $268,850 $115,573 +1.3%
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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Governance

Voting Members
17
Independent Members
17
Employees
23
Volunteers
17

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
6
$206,180
Total Directors
19
$206,180
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUAN SOUKI EXECUTIVE DIRECTOR 35.00
Officer Director
$42,600 $0 $42,600
THERESA M COLVIN EXECUTIVE DIRECTOR (END DATE 4/30/23) 35.00
Officer Director
$163,580 $0 $163,580
ROMONA RISCOE BENSON CHAIR 2.00
Officer Director
$0 $0 $0
DONNA WALKER-KUHNE VICE CHAIR 2.00
Officer Director
$0 $0 $0
JAMES LEMONS TREASURER 2.00
Officer Director
$0 $0 $0
MARGARET G VANDERHYE SECRETARY 2.00
Officer Director
$0 $0 $0
VERNON ARAUJO DIRECTOR 1.00
Director
$0 $0 $0
JESSICA BALL DIRECTOR 1.00
Director
$0 $0 $0
LORA BOTTINELLI DIRECTOR 1.00
Director
$0 $0 $0
KIM CHAN DIRECTOR 1.00
Director
$0 $0 $0
VALERIE GAY DIRECTOR 1.00
Director
$0 $0 $0
ANITA GONZALEZ DIRECTOR 1.00
Director
$0 $0 $0
JUANITA HARDY DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS HAWKINS DIRECTOR 1.00
Director
$0 $0 $0
MARA MANUS DIRECTOR 1.00
Director
$0 $0 $0
JOHN MCEWEN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN O'BRIEN DIRECTOR 1.00
Director
$0 $0 $0
CARLOS RUIZ CORTS DIRECTOR 1.00
Director
$0 $0 $0
JOHN STRICKLAND DIRECTOR 1.00
Director
$0 $0 $0
KAREN NEWELL DIRECTOR OF EXTERNAL AFFAIRS 35.00
Highest
$111,069 $0 $111,069
PHILLIP HARMON DIRECTOR OF OPERATIONS 35.00
Highest
$103,282 $0 $103,282
MARY CHILDRESS DIRECTOR OF FINANCE AND HUMAN RESOURCES 35.00
Highest
$111,092 $0 $111,092
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 $8,190,396 $7,921,546 $18,832,906 $268,850
2023 $6,596,184 $6,480,611 $14,543,445 $115,573
2022 $13,407,580 $5,973,468 $13,619,874 $7,434,112
2021 $4,229,657 $6,226,576 $4,986,510 $-1,996,919
2020 $4,091,371 $3,561,220 $5,502,996 $530,151
2019 $4,552,549 $4,030,872 $4,937,500 $521,677
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