ARTS FOR LEARNINGMIAMI 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

2001

Legal Domicile

Principal Officer

SHEILA WOMBLE

Phone

3055761212

Tax Period

2023-07-01 to 2024-06-30

ARTS FOR LEARNINGMIAMI INC, founded in 2001, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

ARTS FOR LEARNING/MIAMI, INC. IS AN ARTS-IN-EDUCATION NONPROFIT ORGANIZATION DEDICATED TO ADVANCING TEACHING AND LEARNING THROUGH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $1,793,051 Revenue: $793,359

ARTS FOR LEARNING/MIAMI, INC. IS AN ARTS-IN-EDUCATION NON-PROFIT ORGANIZATION DEDICATED TO ADVANCING TEACHING AND LEARNING THROUGH THE ARTS. ARTS FOR LEARNING'S VISION IS THAT ALL YOUNG PEOPLE ARE...

ARTS FOR LEARNING/MIAMI, INC. IS AN ARTS-IN-EDUCATION NON-PROFIT ORGANIZATION DEDICATED TO ADVANCING TEACHING AND LEARNING THROUGH THE ARTS. ARTS FOR LEARNING'S VISION IS THAT ALL YOUNG PEOPLE ARE EMPOWERED BY THE ARTS TO THRIVE IN THE WORLD WITH KNOWLEDGE, CREATIVITY AND PASSION. ARTS FOR LEARNING PROVIDES QUALITY VISUAL AND PERFORMING ARTS PROGRAMS TO CHILDREN AND YOUTH TO SUPPORT THE DEVELOPMENT OF NOT ONLY TRADITIONAL SKILLS IN THE ARTS BUT ALSO CRITICAL AND CREATIVE THINKING, COMMUNICATION, AND PROBLEM SOLVING SKILLS. SERVICES INCLUDE PRESCHOOL, SCHOOL, AND OUT-OF-SCHOOL PROGRAMS, AS WELL AS STUDENT STUDIO PROGRAMS, AND PAID INTERNSHIPS IN THE ARTS FOR HIGH SCHOOL STUDENTS.

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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 $1,652,420

Program Service Revenue $793,359

Investment Income $19,305

Other Revenue $2,356

TOTAL REVENUE $2,467,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,448,434

Fundraising Expenses $142,345

Program Expenses $1,793,051

Other Expenses $1,089,724

TOTAL EXPENSES $2,538,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,467,440	$2,086,352	+0.2%
Expenses	$2,538,158	$2,215,741	+0.1%
Net Income	$-70,718	$-129,389	-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

143

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

$139,231

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	2.00	Officer Director	$0	$0	$0
N/A	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
GERMANE BARNES	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTIAN CHRIS HARRISON	TREASURER	2.00	Officer Director	$0	$0	$0
MARTIN BEJERANO	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDACE BINNS	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKE ELLIOT	BOARD MEMBER	1.00	Director	$0	$0	$0
N ABRAHAM ISSA CFP	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN JAUNDOO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL JUENGER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEILA WOMBLE	EXECUTIVE DI	40.00	Officer	$133,878	$5,353	$139,231

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	$2,467,440	$2,538,158	$2,746,221	$-70,718
2023	$2,086,352	$2,215,741	$2,886,010	$-129,389
2022	$2,047,654	$1,795,094	$2,931,671	$252,560
2021	$1,885,139	$1,609,518	$2,675,823	$275,621
2020	$2,101,303	$1,619,977	$2,335,420	$481,326
2019	$1,737,083	$1,619,414	$1,895,188	$117,669
2018	$2,033,412	$1,643,449	$1,781,169	$389,963