ARTS INC (EIN 742395663) - 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

1961

Legal Domicile

Principal Officer

JAY NYGAARD

Phone

8013283883

Tax Period

2024-07-01 to 2025-06-30

ARTS INC, founded in 1961, is a small nonprofit that reported $237K in total revenue in fiscal year 2024. Expenses of $263K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION BRINGS FINE ARTS PROGRAMS INCLUDING MUSIC, DANCE, DRAMA, ETC. INTO ELEMENTARY SCHOOLS THROUGHOUT THE STATE OF UTAH TO ENCOURAGE STUDENTS TO PARTICIPATE IN 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 (2024)

Revenue Breakdown

Contributions & Grants $185,178

Program Service Revenue $40,100

Investment Income $11,705

Other Revenue $0

TOTAL REVENUE $236,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,997

Fundraising Expenses $0

Program Expenses $174,555

Other Expenses $210,967

TOTAL EXPENSES $262,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,983	$227,709	+0.0%
Expenses	$262,964	$298,430	-0.1%
Net Income	$-25,981	$-70,721	-0.6%

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

$52,000

Total Directors

$52,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY NYGAARD	EXECUTIVE DIRECTOR	40.00	Officer Director	$52,000	$0	$52,000
ALEX CHARTER	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
PAUL DIRKMAAT	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
MINDY CURTIS	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
THOMAS STUCKI	CHAIR OF THE BOARD	1.00	Officer	$0	$0	$0
ELLEN SISSON	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
LOUISE LYBBERT	SECRETARY	1.00	Officer	$0	$0	$0
NICK LANNERS	TREASURER	1.00	Officer	$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	$236,983	$262,964	$456,017	$-25,981
2024	$227,709	$298,430	$473,465	$-70,721
2023	$251,024	$324,512	$523,943	$-73,488
2022	$296,793	$329,300	$565,052	$-32,507
2021	$673,715	$270,963	$768,360	$402,752
2020	$469,999	$442,397	$697,250	$27,602
2019	$531,398	$477,620	$664,611	$53,778
2018	$553,509	$533,524	$627,349	$19,985

ARTS INC