SOKOLOFF ARTS FOUNDATION INC

EIN: 820818825 501(c)(3) Arts, Culture & Humanities

ATLANTA, GA

Total Revenue
$326,745
Total Expenses
$266,212
Total Assets
$48,951
Net Assets
$-515,949
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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
NY
Principal Officer
SCOTT SOKOLOFF
Phone
2126347690
Tax Period
2021-07-01 to 2022-06-30

SOKOLOFF ARTS FOUNDATION INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $327K in total revenue in fiscal year 2021. The organization ran a surplus of $61K, a strong 19% operating margin.

Mission

SOKOLOFF ARTS (501C3) ADVANCES EQUITY BY BUILDING AFFORDABLE AND ACCESSIBLE SPACES FOR PUBLIC ASSEMBLY, PERFORMANCE, CREATIVITY, AND CONVERSATION

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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 (2021)

Revenue Breakdown

Contributions & Grants $386,284
Program Service Revenue $0
Investment Income $-59,539
Other Revenue $0
TOTAL REVENUE $326,745

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $191,677
Other Expenses $266,212
TOTAL EXPENSES $266,212

Year-over-Year Comparison

2021 2020 Change
Revenue $326,745 N/A N/A
Expenses $266,212 N/A N/A
Net Income $60,533 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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN SOKOLOFF CHAIRWOMAN 2.00
Officer
$0 $0 $0
LEONARD ROSENBLUM MEMBER 1.00
Director
$0 $0 $0
SCOTT SOKOLOFF SECRETARY/TR 2.00
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
2022 $326,745 $266,212 $48,951 $60,533
2020 $325,948 $455,113 $347,335 $-129,165
2019 $441,979 $512,119 $321,200 $-70,140
2019 $503,048 $503,867 $282,128 $-819
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