ART TRANSFORMS INC (EIN 814182354) - 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

2017

Legal Domicile

Principal Officer

WANDA BEST

Phone

7183378180

Tax Period

2024-01-01 to 2024-12-31

ART TRANSFORMS INC, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $24K in total revenue in fiscal year 2024. Expenses of $27K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO USE THE CREATIVE PROCESS TO ADDRESS TRAUMA IN THE COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,444

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $24,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $27,443

TOTAL EXPENSES $27,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,444	N/A	N/A
Expenses	$27,443	N/A	N/A
Net Income	$-2,999	N/A	N/A

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
WANDA BEST	PRESIDENT	20.00	Officer	$0	$0	$0
SHARON BANKS	DIRECTOR	15.00	Officer	$0	$0	$0
DENISE MONDESIR	BOARD MEMBER	5.00	Officer	$0	$0	$0
ERIC GRANDISON	BOARD MEMBER	5.00	Officer	$0	$0	$0
NAEEM VEERAPEN	BOARD MEMBER	5.00	Officer	$0	$0	$0
SYLVIA SPRINGER	BOARD MEMBER	5.00	Officer	$0	$0	$0
KENNETH HART	TREASURER	15.00	Officer	$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	$24,444	$27,443	$9,307	$-2,999
2023	$29,186	$32,395	$21,306	$-3,209
2022	$50,624	$54,656	$24,515	$-4,032
2021	$40,093	$23,943	$28,547	$16,150
2019	$36,440	$31,927	$5,927	$4,513
2018	$11,699	$10,452	$1,414	$1,247

ART TRANSFORMS INC