FUND FOR THE ARTS (EIN 550614854) - 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

1981

Legal Domicile

Principal Officer

SARAH WRIGHT

Phone

6817104010

Tax Period

2023-01-01 to 2023-12-31

FUND FOR THE ARTS, founded in 1981, is a small nonprofit that reported $280K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $267K left a modest 5% surplus.

Mission

TO SERVE AND STRENGTHEN PARTICIPATING ARTS GROUPS IN THE GREATER KANAWHA VALLEY BY PROVIDING EDUCATIONAL AND FINANCIAL SUPPORT AND BY SPONSORING COMMUNITY CULTURAL AND ARTISTIC EVENTS.

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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 $234,829

Program Service Revenue $0

Investment Income $9,827

Other Revenue $34,970

TOTAL REVENUE $279,626

Expense Breakdown

Grants Paid $164,999

Salaries & Benefits $41,877

Fundraising Expenses $52,825

Program Expenses $164,999

Other Expenses $59,980

TOTAL EXPENSES $266,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,626	$357,165	-0.2%
Expenses	$266,856	$276,979	0.0%
Net Income	$12,770	$80,186	-0.8%

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

$38,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET LIEBERMAN	VP FOR CAMPAIGN	0.80	Director	$0	$0	$0
KRISTEN BABIAK	ASSISTANT VP FOR CAMPAIGN	0.80	Director	$0	$0	$0
ALAN KUHLMAN	MEMBER	0.40	Director	$0	$0	$0
JENNIFER HUGHES	VP FOR ALLOCATIONS	0.80	Director	$0	$0	$0
ALEXANDRA MAHAFFEY	MEMBER	0.40	Director	$0	$0	$0
CRAIG KAY	VP FOR FOUNDATIONS AND GOV	0.80	Director	$0	$0	$0
STEPHANIE CASEY	MEMBER	0.40	Director	$0	$0	$0
PRIYA ARORA	CHAIR INDIVIDUAL ARTISTS I	0.80	Director	$0	$0	$0
BRETT STAPLES	MEMBER AT LARGE	0.80	Director	$0	$0	$0
CAROLEE FELBER	MEMBER	0.40	Director	$0	$0	$0
JAY FORD	MEMBER	0.40	Director	$0	$0	$0
STUART FRAIZER	MEMBER	0.40	Director	$0	$0	$0
CANDICE HARLOW	MEMBER	0.40	Director	$0	$0	$0
CATHRYN HARRIS	MEMBER	0.40	Director	$0	$0	$0
GRACE HURNEY	MEMBER	0.40	Director	$0	$0	$0
JOHN HUSSELL IV	MEMBER	0.40	Director	$0	$0	$0
SCOT D JACKSON	MEMBER	0.40	Director	$0	$0	$0
TRIP KING	MEMBER	0.40	Director	$0	$0	$0
NORA MYERS	MEMBER	0.40	Director	$0	$0	$0
GREGG OXLEY	MEMBER	0.40	Director	$0	$0	$0
JEN PHARR	MEMBER	0.40	Director	$0	$0	$0
ROBIN SABER-PAULEY	MEMBER	0.40	Director	$0	$0	$0
JIM STRAWN	MEMBER	0.40	Director	$0	$0	$0
BOB THOMPSON	MEMBER	0.40	Director	$0	$0	$0
ANDREW WEBER	MEMBER	0.40	Director	$0	$0	$0
CADE VOGELSONG	MEMBER	0.40	Director	$0	$0	$0
SARAH WRIGHT	EXECUTIVE DIRECTOR	40.00	Officer	$38,731	$0	$38,731
CRAIG BEESON	PRESIDENT	0.80	Officer	$0	$0	$0
MARTHA HALL	EXECUTIVE VICE PRESIDENT	0.80	Officer	$0	$0	$0
MALLORY BURKA	SECRETARY/TREASURER	0.80	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	No data	No data	No data	No data
2023	$279,626	$266,856	$374,702	$12,770
2022	$357,165	$276,979	$319,951	$80,186
2021	$241,753	$279,638	$203,527	$-37,885
2020	$237,177	$273,832	$226,887	$-36,655
2019	$260,529	$249,676	$243,448	$10,853
2018	$229,972	$234,759	$213,735	$-4,787

FUND FOR THE ARTS