BALTIMORE FESTIVAL OF THE ARTS INC (EIN 521559145) - 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

ROBYN MURPHY

Phone

4107528632

Tax Period

2023-07-01 to 2024-06-30

BALTIMORE FESTIVAL OF THE ARTS INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $928K in total revenue in fiscal year 2023. Revenue surged 364% from the prior year, signaling strong growth momentum.

Mission

TO PRODUCE MULTI-DAY FESTIVALS DESIGNED TO PROMOTE ACCESS, APPRECIATION AND PARTICIPATION IN THE PERFORMING AND VISUAL ARTS.

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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 $807,925

Program Service Revenue $118,547

Investment Income $0

Other Revenue $1,249

TOTAL REVENUE $927,721

Expense Breakdown

Grants Paid $250

Salaries & Benefits $114,175

Fundraising Expenses $0

Program Expenses $1,020,270

Other Expenses $905,845

TOTAL EXPENSES $1,020,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$927,721	$199,910	+3.6%
Expenses	$1,020,270	$197,730	+4.2%
Net Income	$-92,549	$2,180	-43.5%

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

250

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

$199,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM HOLOFCENER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW CHAVEAS	SECRETARY (PARTIAL)	1.00	Officer Director	$0	$0	$0
ANDREW COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA SIMS	TREASURER	1.00	Officer Director	$0	$0	$0
APRIL LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BR HAMMED-OWENS	BOARD MEMBER (PARTIAL)	1.00	Director	$0	$0	$0
BRIAN LYLES	PRESIDENT (PARTIAL)	1.00	Director	$0	$0	$0
DERRICK CHASE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN JANES	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANKLIN N MCNEIL JR	VICE PRESIDENT (PARTIAL)	1.00	Director	$0	$0	$0
JEFFREY KENT	BOARD MEMBER	1.00	Director	$0	$0	$0
LU ZHANG	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBYN MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN WENTZ	CFO (PARTIAL)	5.00	Officer	$0	$41,636	$199,509
RACHEL GRAHAM	CEO (PARTIAL)	5.00	Officer	$0	$0	$0
TODD YUHANIC	CEO (PARTIAL)	5.00	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	$927,721	$1,020,270	$612,257	$-92,549
2023	$199,910	$197,730	$761,471	$2,180
2022	$273,344	$191,517	$291,198	$81,827
2021	$139,023	$96,226	$271,816	$42,797
2018	$3,150,537	$4,876,884	$387,392	$-1,726,347

BALTIMORE FESTIVAL OF THE ARTS INC