The Arts Project 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

2018

Legal Domicile

Principal Officer

Andrea N Kennedy

Phone

4439963009

Tax Period

2024-01-01 to 2024-12-31

The Arts Project Inc, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $111K in total revenue in fiscal year 2024. Revenue surged 196% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 23% operating margin.

Mission

The Arts Project equips Baltimore youth with arts programming that nutures creativity, confidence, and leadership. We provide inclusive education and performance opportunities to ensure equitable access and community transformation.

Program Service Accomplishments

Program 1

Expenses: $11,550 Revenue: $2,197

Create 4 Spring Break (C4SB) launched in 2018, is a 5-day arts immersion camp for Baltimore youth ages 6-11. Each spring, 20-40 participants attend full-day art classes that build creativity...

Create 4 Spring Break (C4SB) launched in 2018, is a 5-day arts immersion camp for Baltimore youth ages 6-11. Each spring, 20-40 participants attend full-day art classes that build creativity, confidence, and a love for the arts, culminating in a community showcase where youth present their work. # of Clients Served/Days of Care: 29 youth/5 days Sessions & Events: The camp delivered 8 instructional sessions (morning/afternoon), 1 educational field trip to Port Discovery, and 1 culminating showcase for families and community, totaling 10 program events and 30 program hrs per participant. contd on Schedule O...

Program 2

Expenses: $10,514 Revenue: $7,950

Program Partnership with RISE Arts Center: In partnership with RISE Arts Center of Baltimore, TAP provided music direction and arts integration for the Summer Performing Arts Program at Eubie Blake Jazz & Cultural Arts Center. Over five weeks, 18 youth ages 6-17, including youth of color and youth with ASD and other intellectual disabilities, engaged in music, drama, dance, visual arts, and set/costume design. The program culminated in a full production of The Lion King KIDS and an arts exhibition. # of Clients Served/Days of Care: 18 youth/20 days (5 weeks x 4 days) about 100 hrs per participant contd on schedule O...

Program 3

Expenses: $7,988 Revenue: $27,775

School Partnerships (Choir Club & Afterschool Programs) Art Club at Lakeland Elementary - Weekly club for approx. 25 K-2 students (predominately Hispanic) held 20 sessions annually. Focuses on visual art, creative expression, and confidence building. Choir Club at Southwest Public Charter School - Choir for approx. 10 students in grades 5-8, meeting 20 times annually with 1 performance. Emphasis on vocal technique, teamwork, and cultural enrichment. Choir Club at Katherine Johnson Elementary/Middle - Engaged approx. 18 students in 17 sessions with rehearsals and performances. Focus on vocal ability, leadership, and community pride. contd sch O.

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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 $62,380

Program Service Revenue $48,172

Investment Income $0

Other Revenue $0

TOTAL REVENUE $110,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,525

Fundraising Expenses $1,498

Program Expenses $39,310

Other Expenses $59,375

TOTAL EXPENSES $84,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,552	$37,286	+2.0%
Expenses	$84,900	N/A	N/A
Net Income	$25,652	$37,286	-0.3%

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

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

$25,609

Total Directors

$1,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA N KENNEDY	Executive Director	40.00	Officer	$24,475	$84	$24,559
JANA'Y MOORE	Board Secretary	1.00	Officer Director	$1,050	$0	$1,050
SHARONDA LANG	Board President	10.00	Officer Director	$0	$0	$0
ASHLIE DUBOSE	Board Vice President	3.00	Officer Director	$0	$0	$0
ASHENA SPARROW	Board Treasurer	5.00	Officer Director	$0	$0	$0
TYREE MILLER	Board Member	1.00		$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	$110,552	$84,900	$37,244	$25,652