ARTSPOWER INC

EIN: 592292246 501(c)(3) Arts, Culture & Humanities

CEDAR GROVE, NJ

Total Revenue
$58,109
Total Expenses
$66,459
Total Assets
$44,377
Net Assets
$14,746
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NJ
Principal Officer
MARK BLACKMAN
Phone
9732029525
Tax Period
2023-07-01 to 2024-06-30

ARTSPOWER INC, founded in 1985, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $58K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE PRIMARY MISSION OF ARTSPOWER IS TO IMPROVE THE LIVES OF YOUNG PEOPLE WITH COMPELLING, LITERATURE-BASED, PROFESSIONAL THEATRE THAT CHALLENGES THEIR INTELLECT, ENCOURAGES COMPASSION AND UNDERSTANDING AND IGNITES THEIR DESIRE TO READ.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $38,167
Program Service Revenue $1,300
Investment Income $-7,484
Other Revenue $26,126
TOTAL REVENUE $58,109

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $93
Program Expenses $51,874
Other Expenses $66,459
TOTAL EXPENSES $66,459

Year-over-Year Comparison

2023 2022 Change
Revenue $58,109 $216,268 -0.7%
Expenses $66,459 $396,131 -0.8%
Net Income $-8,350 $-179,863 -1.0%
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

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Governance

Voting Members
5
Independent Members
3
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STUART LIEBMAN BOARD PRESID 0.10
Director
$0 $0 $0
MARK BLACKMAN CO DIRECTOR 0.50
Officer Director
$0 $0 $0
GARY BLACKMAN CO DIRECTOR 0.10
Officer Director
$0 $0 $0
JODI NUSSBAUM TRUSTEE 0.10
Director
$0 $0 $0
ROBERT ADLEMAN TRUSTEE 0.10
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 $58,109 $66,459 $44,377 $-8,350
2023 $216,268 $396,131 $72,458 $-179,863
2021 $324,016 $226,281 $138,048 $97,735
2020 $700,940 $693,513 $89,604 $7,427
2019 $940,857 $938,761 $137,031 $2,096
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