Art of the Piano

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

AWADAGIN PRATT

Phone

5136516814

Tax Period

2022-01-01 to 2022-12-31

Art of the Piano, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $129K in total revenue in fiscal year 2022. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $436K exceeded revenue, resulting in a 239% operating deficit.

Mission

Promotion of arts & education focusing on piano playing

Program Service Accomplishments

Program 1

Expenses: $270,195 Revenue: $5,763

The Art of the Piano Festival involves high caliber piano students invited to perform and receive piano masterclass lessons from world- renowned pianists. The Festival returned to in-person...

The Art of the Piano Festival involves high caliber piano students invited to perform and receive piano masterclass lessons from world- renowned pianists. The Festival returned to in-person activities post- Covid in 2022.

Program 2

Expenses: $114,430 Revenue: $10,500

The STILLPOINT program records audio and audio-visual recordings featuring piano music and musical performances to be made available to the public for instruction and enjoyment.

Program 3

Expenses: $16,000

Art of the Piano gave scholarships to piano students for instruction in piano arts.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $112,352

Program Service Revenue $16,263

Investment Income $0

Other Revenue $0

TOTAL REVENUE $128,615

Expense Breakdown

Grants Paid $16,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $411,096

Other Expenses $419,776

TOTAL EXPENSES $435,776

Year-over-Year Comparison

	2022	2021	Change
Revenue	$128,615	$82,251	+0.6%
Expenses	$435,776	$102,398	+3.3%
Net Income	$-307,161	$-20,147	+14.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
JILL P MEYER	Director	N/A	Director	$0	$0	$0
DOROTHY SHUFORD	Director	N/A	Director	$0	$0	$0
JONATHAN VREELAND	Director	N/A	Director	$0	$0	$0
TOM TIERNEY	Director	N/A	Director	$0	$0	$0
TOM FILARDO	Director	N/A	Director	$0	$0	$0
XIN LIU	Director	N/A	Director	$0	$0	$0
AWADAGIN PRATT	Director	N/A	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
2022	$128,615	$435,776	$91,977	$-307,161
2021	$82,251	$102,398	$399,331	$-20,147