ARTIVATE INC

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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

1995

Legal Domicile

Principal Officer

GREG BRUCH

Phone

2026868000

Tax Period

2023-07-01 to 2024-06-30

Mission

ARTIVATE, INC. ENGAGES COMMUUNITIES TO CREATE INTERACTIVE ARTS EXPERIENCES THAT INSPIRE LEARNING. OUR PROGRAMS AND TEACHING ARTISTS OFFER ARTS-BASED LEARNING THAT MOTIVATES AND INVITES PARTICIPATION THROUGH PERFORMANCES, WORKSHOPS AND RESIDENCIES REPRESENTING A WIDE RANGE OF ARTISTIC DISIPILES AND CULTURAL TRADITIONS. WE BRING ACCESS TO THE ARTS TO UNDERSERVED COMMUNITIES THROUGHOUT MARYLAND, THE DISTRICT OF COLUMBIA, AND NORTHERN VIRGINIA.

Program Service Accomplishments

Program 1

Expenses: $267,935

THE ORGANIZATION DISSOLVED AND TRANSFERRED ALL OF ITS ASSETS MINUS LIABILITIES

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $267,935

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $267,935

Other Expenses $0

TOTAL EXPENSES $267,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$431,542	-1.0%
Expenses	$267,935	$304,905	-0.1%
Net Income	N/A	$126,637	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG BRUCH	PRESIDENT	N/A	Officer Director	$0	$0	$0
DONALD HAGUE	TREASURER/VP	N/A	Officer 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
2024	No data	$267,935	No data	No data
2023	$431,542	$304,905	$302,658	$126,637
2022	$425,708	$365,191	$182,700	$60,517
2021	$376,613	$287,499	$215,851	$89,114
2020	$536,683	$612,022	$93,609	$-75,339
2019	$742,450	$798,425	$123,067	$-55,975