Arts For Life (EIN 562250962) - 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

2001

Legal Domicile

Phone

8287725339

Tax Period

2024-01-01 to 2024-12-31

Arts For Life, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $511K in total revenue in fiscal year 2024.

Mission

Arts For Life is a nonprofit organization dedicated to supporting pediatric patients and families through arts education and engagement. By providing educational arts programs we enrich patients lives, nurture their minds and spirits, and encourage positive healthcare experiences for children and their families.

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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 $398,923

Program Service Revenue $122,300

Investment Income $9,478

Other Revenue $-20,041

TOTAL REVENUE $510,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,837

Fundraising Expenses $50,264

Program Expenses $364,744

Other Expenses $149,314

TOTAL EXPENSES $505,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,660	$519,667	0.0%
Expenses	$505,151	$476,669	+0.1%
Net Income	$5,509	$42,998	-0.9%

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

230

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

$61,441

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katharine Phlegar	Executive Director	40.00	Officer	$54,414	$7,027	$61,441
Tim Doby	Chair	5.00	Officer Director	$0	$0	$0
Charissa McCullers	Vice-Chair	3.00	Officer Director	$0	$0	$0
Frederick Porter	Treasurer	3.00	Officer Director	$0	$0	$0
Sarah Cooke	Secretary	3.00	Officer Director	$0	$0	$0
Mary Edith Alexander	Board Member	2.00	Director	$0	$0	$0
Sharon Davis	Board Member	2.00	Director	$0	$0	$0
Sylvia Hicks	Board Member	2.00	Director	$0	$0	$0
Kimberly Moore PhD	Board Member	2.00	Director	$0	$0	$0
Ginna Priola MD	Board Member	2.00	Director	$0	$0	$0
Scott Rempe	Board Member	2.00	Director	$0	$0	$0
Doris Rouse PhD	Board Member	2.00	Director	$0	$0	$0
Allison Sharpe	Board Member	2.00	Director	$0	$0	$0
Morgan Mathieu Tran	Board Member	2.00	Director	$0	$0	$0
Amanda Hollingsworth Wise	Board Member	2.00	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	$510,660	$505,151	$718,708	$5,509
2023	$519,667	$476,669	$706,373	$42,998
2022	$579,908	$465,622	$671,643	$114,286
2021	$771,336	$461,978	$554,229	$309,358
2020	$601,910	$684,442	$345,211	$-82,532
2019	$758,458	$665,859	$334,994	$92,599
2018	$625,616	$647,606	$239,030	$-21,990

Arts For Life