LIFE ARTS INC (EIN 812927648) - 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

RICHARD SHAW

Phone

3144988014

Tax Period

2022-01-01 to 2022-12-31

LIFE ARTS INC, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $84K in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Net assets of $226K represent 32 months of operating reserves.

Mission

DEVELOPING THE LEADERS OF TODAY, WHERE THEY LIVE, USING THE ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $83,656

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $83,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,147

Fundraising Expenses $0

Program Expenses $83,147

Other Expenses $67,126

TOTAL EXPENSES $83,273

Year-over-Year Comparison

	2022	2021	Change
Revenue	$83,656	$356,742	-0.8%
Expenses	$83,273	$303,925	-0.7%
Net Income	$383	$52,817	-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

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
DR RICHARD SHAW	PRESIDENT	15.00	Officer Director	$0	$0	$0
DAN LESTER	DIRECTOR	5.00	Director	$0	$0	$0
SANDRA PORTER MARKS	DIRECTOR	5.00	Director	$0	$0	$0
HARLAN HODGE	DIRECTOR	5.00	Director	$0	$0	$0
TRICE CANADY	DIRECTOR	5.00	Director	$0	$0	$0
TAMIKA MITCHELL	TREASURER	5.00	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
2022	$83,656	$83,273	$454,248	$383
2021	$356,742	$303,925	$454,632	$52,817
2020	$826,991	$828,565	$458,340	$-1,574
2019	$303,670	$453,854	$373,022	$-150,184

LIFE ARTS INC