THE FINE ARTS FOUNDATION (EIN 760115712) - 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

1985

Legal Domicile

Principal Officer

JAMES P ARNOLD

Phone

7135233511

Tax Period

2024-01-01 to 2024-12-31

THE FINE ARTS FOUNDATION, founded in 1985, is a micro nonprofit that reported $14K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $38K exceeded revenue, resulting in a 178% operating deficit.

Mission

OUR MISSION IS TO MAKE THE ARTS AVAILABLE FOR PEOPLE SO THAT THEY CAN APPRECIATE THEIR CULTURAL VALUE AND INFLUENCE. OUR MAIN EMPHASIS IS ON "FOLK ART" AS EXPRESSED IN MUSIC AND CULTURAL TRADITIONS, ESPECIALLY IN THE CELTIC AND BRITTISH ISLES TRADITION. WE ALSO HAVE A SPECIAL EMPHASIS ON ASSISTING STUDENTS AND SPECIALLY CHALLENGE INDIVIDUALS WANTING TO IMPROVE CULTURALLY. WE SUPPORT INDIVIDUALS AND ORGANIZATIONS PROVIDING BASIC ASSISTANCE TO SUCH PERSONS IN ORDER TO PROVIDE A FOUNDATION ON WHICH CULTURAL ADVANCEMENT MAY PROGRESS.

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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 $19,024

Program Service Revenue $0

Investment Income $0

Other Revenue $-5,343

TOTAL REVENUE $13,681

Expense Breakdown

Grants Paid $23,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,270

Other Expenses $14,361

TOTAL EXPENSES $38,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,681	$35,998	-0.6%
Expenses	$38,061	$45,611	-0.2%
Net Income	$-24,380	$-9,613	+1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES P ARNOLD	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTOPHER ECHEBIRI	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROL WARREN	VP/TREASURER	2.00	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	$13,681	$38,061	$122,243	$-24,380
2023	$35,998	$45,611	$146,623	$-9,613
2022	$48,465	$47,191	$156,236	$1,274
2021	$121,904	$97,178	$154,962	$24,726
2020	$123,640	$27,039	$130,236	$96,601
2019	$61,813	$51,602	$21,330	$10,211
2018	$34,166	$35,523	$11,119	$-1,357

THE FINE ARTS FOUNDATION