ARTSMART (EIN 811536431) - 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

2016

Legal Domicile

Principal Officer

JOHN VISCARDI

Tax Period

2023-08-01 to 2024-07-31

ARTSMART, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $889K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

ARTSMART IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO TRANSFORM THE LIVES OF YOUTH IN UNDER-RESOURCED COMMUNITIES ACROSS THE US THROUGH TUITION-FREE MUSIC LESSONS AND MENTORSHIP BY PAID, PROFESSIONAL ARTISTS. SINCE 2016, ARTSMART IS OPERATING IN 8 REGIONS IN TITLE 1 SCHOOLS THROUGHOUT THE US, PROVIDING NEARLY 35,000 MUSIC LESSIONS BY PROFESSIONAL MUSICIANS, AND PAYING OUR MENTORS MORE THE 1.4 MILLION IN COMPENSATION FOR THEIR EXPERTISE.

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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 $876,893

Program Service Revenue $0

Investment Income $4,405

Other Revenue $7,571

TOTAL REVENUE $888,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,320

Fundraising Expenses $185,802

Program Expenses $598,592

Other Expenses $573,538

TOTAL EXPENSES $882,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$888,869	$770,788	+0.2%
Expenses	$882,858	$742,713	+0.2%
Net Income	$6,011	$28,075	-0.8%

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

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

$53,000

Total Directors

$53,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN VISCARDI	TREASURER	20.00	Officer Director	$35,000	$0	$35,000
LIZ LETAK	SECRETARY	20.00	Officer Director	$18,000	$0	$18,000
KELLY CLARKE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MARVIN CURTIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY FABIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL FABIANO	EXEC. DIRECT	2.00	Officer Director	$0	$0	$0
LATONIA MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE SHIRLEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
NADINE SIERRA	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN STAUTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LOUISE TOPPIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LILIAN C TSAI	BOARD MEMBER	N/A	Director	$0	$0	$0
ROSEMARY VEGA	BOARD MEMBER	1.00	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	$888,869	$882,858	$228,788	$6,011
2023	$770,788	$742,713	$227,242	$28,075
2022	$527,326	$527,731	$196,077	$-405
2021	$431,026	$382,833	$211,239	$48,193
2020	$398,061	$434,412	$159,485	$-36,351
2018	$218,868	$169,338	$138,019	$49,530

ARTSMART