MID ATLANTIC ARTS INC (EIN 521169382) - 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

1980

Legal Domicile

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.

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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 $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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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

$206,180

Total Directors

$206,180

Key Employees

Highest Compensated

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

MID ATLANTIC ARTS INC