Art of the Piano

EIN: 810791477 501(c)(3) Arts, Culture & Humanities

Cincinnati, OH

Total Revenue
$128,615
Total Expenses
$435,776
Total Assets
$91,977
Net Assets
$91,893
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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
2015
Legal Domicile
OH
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 with a focus on piano playing

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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%)

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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
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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

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Governance

Voting Members
7
Independent Members
5
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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