CENTER FOR ART LAW INC (EIN 823614849) - 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

2014

Legal Domicile

Principal Officer

IRINA TARSIS

Phone

9177196815

Tax Period

2024-06-01 to 2025-05-31

CENTER FOR ART LAW INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $203K left a modest 8% surplus.

Mission

TO ESTABLISH AND MAINTAIN A CENTRALIZED RESOURCE FOR ART AND CULTURAL HERITAGE, LAW ADVANCEMENT, AND DEVELOPMENT.

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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 $113,266

Program Service Revenue $106,677

Investment Income $0

Other Revenue $0

TOTAL REVENUE $219,943

Expense Breakdown

Grants Paid $12,050

Salaries & Benefits $82,726

Fundraising Expenses $0

Program Expenses $141,492

Other Expenses $108,492

TOTAL EXPENSES $203,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,943	$191,920	+0.1%
Expenses	$203,268	$140,244	+0.4%
Net Income	$16,675	$51,676	-0.7%

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

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

$34,840

Total Directors

$34,840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAKHEL MILSTEIN	PRESIDENT	0.30	Officer Director	$0	$0	$0
IRINA TARSIS	FOUNDER AND TREASURER	45.00	Officer Director	$34,840	$0	$34,840
LOUISE CARRON	SECRETARY	3.00	Officer Director	$0	$0	$0
DIEGO FIGUEROA-RODRIGUEZ	DIRECTOR	0.30	Director	$0	$0	$0
JUDGE BARBARA JAFFE	DIRECTOR	0.15	Director	$0	$0	$0
MINERVA PINTO	DIRECTOR	0.50	Director	$0	$0	$0
CAROL J STEINBERG	DIRECTOR	0.25	Director	$0	$0	$0
PETER J TOREN	DIRECTOR	0.30	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
2025	$219,943	$203,268	$156,448	$16,675
2025	$219,943	$203,268	$156,448	$16,675

CENTER FOR ART LAW INC