Vital Arts Inc (EIN 823947930) - 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

Edwin Bernbaum PhD

Phone

4152280281

Tax Period

2023-01-01 to 2023-12-31

Vital Arts Inc, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $135K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

Vital Arts honors the victims of the Ghost Ship fire by ensuring access to safe, affordable spaces for artists to live, work and perform.

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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 $133,985

Program Service Revenue $704

Investment Income $4

Other Revenue $0

TOTAL REVENUE $134,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,586

Fundraising Expenses $26,889

Program Expenses $60,045

Other Expenses $81,566

TOTAL EXPENSES $143,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,693	$153,299	-0.1%
Expenses	$143,152	$149,289	0.0%
Net Income	$-8,459	$4,010	-3.1%

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
Edwin Bernbaum PhD	President	5.00	Officer Director	$0	$0	$0
Beth Jay	Secretary	3.00	Officer Director	$0	$0	$0
Amir Massih	Treasurer	1.00	Officer Director	$0	$0	$0
Steven Berger	Director	3.00	Director	$0	$0	$0
Diane Bernbaum	Director	5.00	Director	$0	$0	$0
Amanda Bornstein	Director	0.00	Director	$0	$0	$0
Marcial Chao	Director	1.00	Director	$0	$0	$0
Jason Vargas	Director	0.00	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	No data	No data	No data	No data
2023	$134,693	$143,152	$145,550	$-8,459
2022	$153,299	$149,289	$160,309	$4,010
2021	$141,017	$74,927	$155,399	$66,090
2020	$123,365	$39,456	$89,309	$83,909

Vital Arts Inc