Foundation for the arts (EIN 756036753) - 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

1963

Legal Domicile

Principal Officer

CULLUM CLARK

Phone

2149221213

Tax Period

2023-01-01 to 2023-12-31

Foundation for the arts, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. Net assets of $29.7M represent 153 months of operating reserves.

Mission

ACQUIRE ART FOR THE DALLAS MUSEUM OF ART

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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 $0

Program Service Revenue $0

Investment Income $2,329,855

Other Revenue $0

TOTAL REVENUE $2,329,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,300,000

Other Expenses $2,510,724

TOTAL EXPENSES $2,510,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,329,855	$1,058,188	+1.2%
Expenses	$2,510,724	$209,942	+11.0%
Net Income	$-180,869	$848,246	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY MCDERMOTT COOK	VICE PRESIDENT	0.1	Officer Director	$0	$0	$0
Lizzie Routman	DIRECTOR	0.1	Director	$0	$0	$0
THOMAS CAMPBELL	Director	0.2	Director	$0	$0	$0
CULLUM CLARK	president	0.1	Officer Director	$0	$0	$0
allison smith	Director	0.1	Director	$0	$0	$0
TOM LENTZ	DIRECTOR	0.1	Director	$0	$0	$0
Dan Boeckman	Treasurer	0.1	Officer Director	$0	$0	$0
Hamilton Lee	Secretary	0.1	Officer 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	No data	No data	No data	No data
2023	$2,329,855	$2,510,724	$29,738,296	$-180,869
2022	$1,058,188	$209,942	$27,919,291	$848,246
2021	$1,666,820	$218,594	$33,202,337	$1,448,226
2020	$1,371,356	$1,914,892	$29,037,588	$-543,536
2019	$1,040,649	$194,750	$27,103,795	$845,899
2018	$955,642	$186,501	$21,767,897	$769,141

Foundation for the arts