Art of Living 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

2019

Legal Domicile

Principal Officer

B D WALSH

Phone

8179841761

Tax Period

2024-01-01 to 2024-12-31

Art of Living Inc, founded in 2019, is a small nonprofit that reported $460K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

TO IMPROVE THE LIVES OF HOMELESS CHILDREN SO THEY BECOME SELF-RELIANT USING ART AND OTHER EDUCATIONAL AND MENTORING PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $464,604

ART CAMP OFFERS A SAFE, INNOVATIVE ENVIRONMENT THAT ENCOURAGES CAMPERS TO BECOME INDEPENDENT AND CRITICAL THINKERS. CAMPERS EXPERIENCE FIRST HAND THE OPTIONS AVAILABLE WITH A LITTLE HARD WORK, PLUS THE JOY AND PRIDE OF COMPLETING A PROJECT. CAMPERS ARE PROVIDED BREAKFAST, LUNCH AND SNACKS IN ADDITION TO ART SUPPLIES NEEDED FOR OF ALL KINDS OF ART PROJECTS. SPEAKERS FROM SCHOOLS AND BUSINESSES INFORM CAMPERS OF OPPORTUNITIES AVAILABLE GIVING THEM HOPE FOR A BRIGHTER FUTURE.

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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 $366,674

Program Service Revenue $89,885

Investment Income $0

Other Revenue $3,600

TOTAL REVENUE $460,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,344

Fundraising Expenses $0

Program Expenses $464,604

Other Expenses $270,260

TOTAL EXPENSES $464,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,159	$363,195	+0.3%
Expenses	$464,604	$388,938	+0.2%
Net Income	$-4,445	$-25,743	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BD WALSH	Director	5.00	Director	$0	$0	$0
JOSH MILES	Trustee	2.00	Director	$0	$0	$0
MIKE KREZUSKI	Trustee	2.00	Director	$0	$0	$0
SS WALSH	Trustee	2.00	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	$460,159	$464,604	$187,295	$-4,445
2023	$363,195	$388,938	$189,238	$-25,743
2022	$262,158	$295,339	$216,612	$-33,181
2021	$416,692	$453,518	$239,129	$-36,826
2020	$456,526	$486,210	$272,188	$-29,684
2019	$433,410	$136,462	$298,742	$296,948