ARTSBANK 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

2000

Legal Domicile

Principal Officer

MARY ALICE MILNES

Phone

3046162781

Tax Period

2024-07-01 to 2025-06-30

ARTSBANK INC, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $98K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 44% operating margin.

Mission

PROVIDE ART IN THE SCHOOLS OF RANDOLPH COUNTY WV THAT DO NOT HAVE ART TEACHERS ANY LONGER.

Program Service Accomplishments

Program 1

Expenses: $43,127 Revenue: $97,876

PROVIDED ART TO STUDENTS IN THE SCHOOL SYSTEM THROUGH MULTI DAY CLASSES DESIGNED BY TEACHING ARTISTS EMPLOYEED BY ARTSBANK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $97,876

Program Service Revenue $0

Investment Income $68

Other Revenue $0

TOTAL REVENUE $97,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,401

Fundraising Expenses $5,807

Program Expenses $43,127

Other Expenses $18,157

TOTAL EXPENSES $54,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,944	$72,611	+0.3%
Expenses	$54,558	$65,473	-0.2%
Net Income	$43,386	$7,138	+5.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL PAYNTER	TREASURER	1.00	Officer Director	$0	$0	$0
MARY ALICE MILNES	PRESIDENT	3.00	Officer Director	$0	$0	$0
KEVIN WOODCOCK	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
ADRIANA CHANNELL	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTTIE WIEST	MEMBER	1.00	Director	$0	$0	$0
JEAN JORY	MEMBER	0.50	Director	$0	$0	$0
PATRICIA LAMBERT	MEMBER	0.50	Director	$0	$0	$0
MELANIE DEMPSEY	MEMBER	0.50	Director	$0	$0	$0
HEIDI BRAY	MEMBER	0.50	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
2025	$97,944	$54,558	$65,290	$43,386
2024	$72,611	$65,473	$5,150	$7,138