Semans Art Fund (EIN 561185159) - 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

1977

Legal Domicile

Phone

3367703333

Tax Period

2023-07-01 to 2024-06-30

Semans Art Fund, founded in 1977, is a small nonprofit that reported $136K in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. Expenses of $186K exceeded revenue, resulting in a 37% operating deficit.

Mission

To aid and support students and programs of the University of North Carolina School of the 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 $0

Program Service Revenue $0

Investment Income $136,039

Other Revenue $0

TOTAL REVENUE $136,039

Expense Breakdown

Grants Paid $139,434

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,434

Other Expenses $46,357

TOTAL EXPENSES $185,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,039	$66,819	+1.0%
Expenses	$185,791	$161,130	+0.2%
Net Income	$-49,752	$-94,311	-0.5%

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

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
N/A	Vice President	1.0	Officer Director	$0	$0	$0
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	President	1.0	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
2025	No data	No data	No data	No data
2024	$136,039	$185,791	$5,463,352	$-49,752
2023	$66,819	$161,130	$5,129,613	$-94,311
2022	$421,433	$138,478	$5,025,233	$282,955
2021	$291,890	$147,830	$5,392,458	$144,060
2020	$136,796	$98,356	$4,281,017	$38,440
2019	$173,641	$165,522	$4,252,805	$8,119
2018	$33,883	$169,511	$4,154,188	$-135,628

Semans Art Fund