ART WORKS DOWNTOWN INC (EIN 680387761) - 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

1996

Legal Domicile

Principal Officer

ELISABETH SETTEN

Phone

4154518119

Tax Period

2025-01-01 to 2025-12-31

ART WORKS DOWNTOWN INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $750K in total revenue in fiscal year 2025. Expenses of $881K exceeded revenue, resulting in a 17% operating deficit.

Mission

Art Works Downtown's mission is to provide an environment where visual arts thrive for the well-being of our community.

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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 (2025)

Revenue Breakdown

Contributions & Grants $88,148

Program Service Revenue $612,002

Investment Income $1,465

Other Revenue $48,723

TOTAL REVENUE $750,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,937

Fundraising Expenses $67,831

Program Expenses $595,652

Other Expenses $531,579

TOTAL EXPENSES $880,516

Year-over-Year Comparison

	2025	2024	Change
Revenue	$750,338	$766,744	0.0%
Expenses	$880,516	$1,001,113	-0.1%
Net Income	$-130,178	$-234,369	-0.4%

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

$161,018

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISABETH SETTEN	EXEC DIR	40.00	Officer	$161,018	$0	$161,018
RACHEL STAUDT	President	1.00	Officer Director	$0	$0	$0
SARA GALLAGHER	Vice President	1.00	Officer Director	$0	$0	$0
DAN TEREE	Treasurer	5.00	Officer Director	$0	$0	$0
Barry Beach	Director	1.00	Director	$0	$0	$0
TERRY LOFRANO	Director	1.00	Director	$0	$0	$0
IRENE BEE KAIN	Secretary	1.00	Officer Director	$0	$0	$0
Jacqueline Lopez	Director	1.00	Director	$0	$0	$0
Suzanne Moreno Berke	Director	1.00	Director	$0	$0	$0
Michael Berke	Director	1.00	Director	$0	$0	$0
Mimi Cunningham	Director	1.00	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
2025	$750,338	$880,516	$2,953,664	$-130,178
2024	$766,744	$1,001,113	$3,155,827	$-234,369
2023	$681,501	$699,851	$3,369,636	$-18,350
2022	$639,609	$674,938	$3,448,954	$-35,329
2021	$618,787	$611,662	$3,536,709	$7,125
2020	$571,935	$511,258	$3,540,891	$60,677
2019	$660,047	$612,316	$3,441,332	$47,731
2018	$441,659	$668,653	$3,420,924	$-226,994

ART WORKS DOWNTOWN INC