NXT ART FOUNDATION INC (EIN 812797287) - 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

CARMEN MACKINLAY

Phone

3104065055

Tax Period

2025-01-01 to 2025-12-31

NXT ART FOUNDATION INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $666K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year.

Mission

TO CURATE IMPACTFUL ART TO REVITALIZE PHYSICAL AND SOCIAL LANDSCAPES

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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 (2025)

Revenue Breakdown

Contributions & Grants $389,358

Program Service Revenue $276,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $665,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,809

Fundraising Expenses $0

Program Expenses $677,544

Other Expenses $435,155

TOTAL EXPENSES $718,964

Year-over-Year Comparison

	2025	2024	Change
Revenue	$665,608	$759,285	-0.1%
Expenses	$718,964	$925,668	-0.2%
Net Income	$-53,356	$-166,383	-0.7%

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

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
CARMEN MACKINLAY	Secretary/VP	20.00	Officer Director	$0	$0	$0
BRIAN DUFFY	Trustee	0.00	Director	$0	$0	$0
FIONA RAGLEB	Trustee	0.00	Director	$0	$0	$0
HEIDI CHANG	President-Treas	2.00	Officer Director	$0	$0	$0
AMY YEAGER	Trustee	2.00	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	$665,608	$718,964	$5,300	$-53,356
2024	$759,285	$925,668	$121,563	$-166,383
2024	$759,285	$925,668	$121,563	$-166,383
2023	$220,620	$636,851	$107,946	$-416,231
2022	$458,790	$283,523	$898,394	$175,267
2022	$3,057,851	$2,362,043	$1,022,250	$695,808
2021	$544,018	$626,811	$402,750	$-82,793
2020	$913,528	$1,190,514	$435,543	$-276,986
2019	$1,312,694	$961,347	$573,729	$351,347
2019	$1,312,694	$961,347	$573,729	$351,347

NXT ART FOUNDATION INC