ARTISTS FOR CHANGE INC

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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

Phone

3238482900

Tax Period

2023-01-01 to 2023-12-31

ARTISTS FOR CHANGE INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $312K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $425K exceeded revenue, resulting in a 36% operating deficit.

Mission

CREATE HIGH IMPACT FILM, TELEVISION AND MULTIMEDIA PROJECTS TO INSPIRE INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES TO BRING ABOUT POSITIVE SOCIAL CHANGE.

Program Service Accomplishments

Program 1

Expenses: $209,840 Revenue: $210,000

Raindance Film Festival - We provided fiscal sponsorship to establish a dedicated social impact strand at the renowned Raindance Film Festival. This initiative aimed to shine a spotlight on films...

Raindance Film Festival - We provided fiscal sponsorship to establish a dedicated social impact strand at the renowned Raindance Film Festival. This initiative aimed to shine a spotlight on films tackling pressing social issues, giving them the visibiliy they deserve.

Program 2

Expenses: $83,590 Revenue: $36,982

MAYA - We continued the post-production and obtaining distribution for our second narrative feature, MAYA. The film was created to raise awareness on the fast growing global problem of child...

MAYA - We continued the post-production and obtaining distribution for our second narrative feature, MAYA. The film was created to raise awareness on the fast growing global problem of child trafficking. MAYA also raises awareness on key social issues such as the negative effect of domestic violence in the home, dangers of alcoholism, and child abuse. When a teenager, seeking escape from her alcoholic mother's abusive boyfriend, is lured into a trafficking scheme, she must realize the difference between love and manipulation to return to those who truly care. This year we focused on fundraising for the marketing and release of this film as well as prepping marketing and social media assets to support it.

Program 3

Expenses: $67,508

Artists for Change was a fiscal sponsor for the film production of Ghost Divers (2021). The film hopes to inform and inspire audiences to promote ocean conservation, shark preservation, and expose...

Artists for Change was a fiscal sponsor for the film production of Ghost Divers (2021). The film hopes to inform and inspire audiences to promote ocean conservation, shark preservation, and expose human exploitation.

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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 (2023)

Revenue Breakdown

Contributions & Grants $294,687

Program Service Revenue $13,497

Investment Income $0

Other Revenue $3,403

TOTAL REVENUE $311,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $416,907

Other Expenses $424,789

TOTAL EXPENSES $424,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,587	$540,506	-0.4%
Expenses	$424,789	$634,591	-0.3%
Net Income	$-113,202	$-94,085	+0.2%

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
JULIA VERDIN	President	5.00	Officer Director	$0	$0	$0
SEAN ACOSTA	Director	1.00	Director	$0	$0	$0
GARY DARTNELL	Director	1.00	Director	$0	$0	$0
JASON PIETTE	Secretary	2.00	Officer Director	$0	$0	$0
DEBORAH KOLAR	Director	1.00	Director	$0	$0	$0
LORRAINE D'ALLESSIO	Director	1.00	Director	$0	$0	$0
PATRICK ERLANDSON	Director	1.00	Director	$0	$0	$0
PETER MODESTE	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
2023	$311,587	$424,789	$22,846	$-113,202
2022	$540,506	$634,591	$181,082	$-94,085
2021	$643,903	$277,689	$395,156	$366,214