ASPECT FOUNDATION FOR MUSIC AND ARTS (EIN 812604118) - 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

2015

Legal Domicile

Principal Officer

IRINA KNASTER

Phone

9179006657

Tax Period

2020-01-01 to 2020-12-31

ASPECT FOUNDATION FOR MUSIC AND ARTS, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $85K in total revenue in fiscal year 2020. Revenue fell 57% from the prior year — a significant decline worth monitoring.

Mission

TO BENEFIT CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, AS SET IN SECTION 501 (3) OF THE INTERNAL REVENUE CODE, INCLUDING SUCH PURPOSES AS THE FOLLOWING: CHARITABLE PURPOSE OF ENHANCING AND PROMOTING MUSIC AND ARTS, CULTIVATING CONNECTION AMONG THE ARTIST , THE MUSIC, AND THE AUDIENCE, AND FOSTERING THE FUTURE OF MUSIC AND ARTS, ALL FOR THE BENEFIT OF THE PUBLIC.

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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 (2020)

Revenue Breakdown

Contributions & Grants $80,340

Program Service Revenue $4,658

Investment Income $0

Other Revenue $0

TOTAL REVENUE $84,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,930

Other Expenses $84,112

TOTAL EXPENSES $84,112

Year-over-Year Comparison

	2020	2019	Change
Revenue	$84,998	$196,008	-0.6%
Expenses	$84,112	$217,516	-0.6%
Net Income	$886	$-21,508	-1.0%

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

N/A

Volunteers

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
IRINA KNASTER	PRESIDENT	30.00	Officer Director	$0	$0	$0
FELIX FRIEDMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
OLGA ALTER	TREASURER	1.00	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
2020	$84,998	$84,112	$16,641	$886
2019	$196,008	$217,516	$15,755	$-21,508
2018	$181,432	$216,970	$37,263	$-35,538

ASPECT FOUNDATION FOR MUSIC AND ARTS