ARTWAVES (EIN 821844074) - 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

JAIME TORRES JR

Phone

4045028095

Tax Period

2024-01-01 to 2024-12-31

ARTWAVES, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $184K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 23% operating margin.

Mission

ARTWAVES SERVES AS A CENTER OF LEARNING, ENGAGEMENT AND COMMUNITY FOR INDIVIDUALS AT EVERY SKILL LEVEL TO EXPERIENCE AND CREATE ART.

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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 $98,629

Program Service Revenue $64,353

Investment Income $75

Other Revenue $20,793

TOTAL REVENUE $183,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,175

Fundraising Expenses $0

Program Expenses $128,096

Other Expenses $83,973

TOTAL EXPENSES $141,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,850	$147,699	+0.2%
Expenses	$141,148	$161,178	-0.1%
Net Income	$42,702	$-13,479	-4.2%

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

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
LIZ CUTLER	MEMBER	N/A	Director	$0	$0	$0
DONNA DOMIANO	MEMBER	N/A	Director	$0	$0	$0
JAIME TORRES JR	PRESIDENT	N/A	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
2024	$183,850	$141,148	$633,601	$42,702
2023	$147,699	$161,178	$606,707	$-13,479
2022	$217,737	$116,514	$641,253	$101,223
2021	$95,994	$55,147	$551,867	$40,847
2020	$81,414	$68,010	$529,427	$13,404
2019	$90,029	$86,255	$525,623	$3,774
2018	$115,477	$122,581	$7,923	$-7,104

ARTWAVES