CAN ART CHANGE THE WORLD INC (EIN 824418709) - 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

2018

Legal Domicile

Principal Officer

ANNA VERGHESE

Tax Period

2023-01-01 to 2023-12-31

CAN ART CHANGE THE WORLD INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $478K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 192% operating deficit.

Mission

CAN ART CHANGE THE WORLD INC IS AN ORGANIZATION THAT AIMS TO USE THE POWER OF ART, CULTURE AND EDUCATION TO BRING SOCIAL AWARENESS AND SOCIAL CHANGE AROUND THE WORLD AND IN THE SPECIFIC COMMUNITIES.

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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 $86,200

Program Service Revenue $313,152

Investment Income $78,152

Other Revenue $0

TOTAL REVENUE $477,504

Expense Breakdown

Grants Paid $509,270

Salaries & Benefits $0

Fundraising Expenses $19,900

Program Expenses $1,226,804

Other Expenses $882,806

TOTAL EXPENSES $1,392,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$477,504	$10,454,630	-1.0%
Expenses	$1,392,076	$1,028,138	+0.4%
Net Income	$-914,572	$9,426,492	-1.1%

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

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
MICHAEL HANIA	DIRECTOR	0.50	Director	$0	$0	$0
JANE ROSENTHAL	DIRECTOR	0.50	Director	$0	$0	$0
SOL GUY	DIRECTOR	0.50	Director	$0	$0	$0
MARC AZOULAY	VP SECRETARY TREASURER	10.00	Officer	$0	$0	$0
ANNA VERGHESE	PRESIDENT	0.50	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
2024	No data	No data	No data	No data
2023	$477,504	$1,392,076	$9,620,577	$-914,572
2022	$10,454,630	$1,028,138	$10,511,835	$9,426,492
2021	$1,205,626	$1,021,438	$1,070,026	$184,188
2020	$824,567	$740,513	$945,900	$84,054

CAN ART CHANGE THE WORLD INC