ARTSMART

EIN: 811536431 501(c)(3) Arts, Culture & Humanities

PHILADELPHIA, PA

Total Revenue
$985,869
Total Expenses
$958,491
Total Assets
$255,911
Net Assets
$106,100
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
PA
Principal Officer
JOHN VISCARDI
Phone
5167241117
Tax Period
2024-08-01 to 2025-07-31

ARTSMART, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $986K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

ARTSMART SEEKS TO MAKE THE WORLD FULLER, MORE OPEN, AND MORE ADVANCED BY EMPOWERING INDIVIDUALS TO PURSUE THEIR DREAMS IN ART AND MUSIC. WE PROVIDE HIGH QUALITY MUSIC LESSONS AND INSPIRATIONAL PERFORMANCES TO STUDENTS WHO WOULDN'TOTHERWISE BE ABLE TO AFFORD THEM.

Program Service Accomplishments

Program 1
Expenses: $685,013

TO PROVIDE HIGH QUALITY MUSIC LESSONS AND INSPIRATIONAL PERFORMANCES TO STUDENTS WHO WOULDN'T OTHERWISE BE ABLE TO AFFORD THEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $962,089
Program Service Revenue $0
Investment Income $8,718
Other Revenue $15,062
TOTAL REVENUE $985,869

Expense Breakdown

Grants Paid $0
Salaries & Benefits $331,015
Fundraising Expenses $162,720
Program Expenses $685,013
Other Expenses $627,476
TOTAL EXPENSES $958,491

Year-over-Year Comparison

2024 2023 Change
Revenue $985,869 $888,869 +0.1%
Expenses $958,491 $882,858 +0.1%
Net Income $27,378 $6,011 +3.6%
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
9
Independent Members
9
Employees
8
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
3
$53,576
Total Directors
9
$53,576
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN VISCARDI TREASURER 20.00
Officer Director
$35,576 $0 $35,576
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 BOARD CHAIR/ 2.00
Officer Director
$0 $0 $0
GEORGE SHIRLEY BOARD MEMBER 2.00
Director
$0 $0 $0
DR LOUISE TOPPIN BOARD MEMBER 1.00
Director
$0 $0 $0
LILIAN C TSAI 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
2025 $985,869 $958,491 $255,911 $27,378
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
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