ART RESOURCES TRANSFORMATIONS

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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

2016

Legal Domicile

Principal Officer

RICHARD ROGERS

Phone

3308000342

Tax Period

2023-01-01 to 2023-12-31

ART RESOURCES TRANSFORMATIONS, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $768K in total revenue in fiscal year 2023. Expenses of $909K exceeded revenue, resulting in a 18% operating deficit.

Mission

CURATED STOREFRONT FOSTERS COMMUNITY AND ECONOMIC GROWTH IN AND AROUND AKRON, OHIO BY FUELING ARTISTIC INNOVATION, COMMISSIONING PUBLIC ART, EXPANDING ACCESS TO ARTS EDUCATION, AND NURTURING A THRIVING CULTURAL ECOSYSTEM

Program Service Accomplishments

Program 1

Expenses: $776,991

CURATED STOREFRONT IS A SERIES OF ONGOING EXHIBITIONS THAT ACTIVATE UNUSED STOREFRONTS IN TO MULTIMEDIA INSTALLATIONS THROUGHOUT DOWNTOWN AKRON, OHIO. "OUTSIDE THE BOX" IS A SERIES OF UP-CYCLED...

CURATED STOREFRONT IS A SERIES OF ONGOING EXHIBITIONS THAT ACTIVATE UNUSED STOREFRONTS IN TO MULTIMEDIA INSTALLATIONS THROUGHOUT DOWNTOWN AKRON, OHIO. "OUTSIDE THE BOX" IS A SERIES OF UP-CYCLED SHIPPING CONTAINERS PROGRAMMED WITH MURALS PLACED ON AN EMPTY LOT IN THE NORTHSIDE DISTRICT OF DOWNTOWN AKRON. "ARTIST RESIDENCIES AT THE I PROMISE SCHOOL" BRING PROFESSIONAL ARTISTS AND ENGAGING EXPERIENCES TO STUDENTS IN A SCHOOL DEDICATED TO THOSE CHILDREN WHO ARE ALREADY FALLING BEHIND ACADEMICALLY AND IN DANGER OF FALLING THROUGH THE CRACKS. "CLAYTON BAILEY'S WORLD OF WONDERS" IS A SMALL MUSEUM WITH STOREFRONT WINDOW VISIBILITY IN THE POLSKY BUILDING FEATURING ART FROM THE COLLECTION OF THE LATE CERAMICIST CLAYTON BAILEY

Program 2

Expenses: $65,584 Revenue: $32,226

AVANT GARDEN OFFERS STUDIO SPACES TO ARTISTS AT BELOW MARKET RATES IN AKRON, OHIO.

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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 $743,349

Program Service Revenue $32,226

Investment Income $3,230

Other Revenue $-10,836

TOTAL REVENUE $767,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,541

Fundraising Expenses $39,799

Program Expenses $842,575

Other Expenses $752,753

TOTAL EXPENSES $909,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$767,969	$802,502	0.0%
Expenses	$909,294	$808,741	+0.1%
Net Income	$-141,325	$-6,239	+21.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDY AUBURN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES BENEKE	TRUSTEE	1.00	Director	$0	$0	$0
FRED BIDWELL	TRUSTEE	1.00	Director	$0	$0	$0
JOSH GREEN	TRUSTEE	1.00	Director	$0	$0	$0
NORA LAWRENCE	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MARKS	TRUSTEE	1.00	Director	$0	$0	$0
SARAH MORRIS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE QUIL	TRUSTEE	N/A	Director	$0	$0	$0
RICHARD ROGERS	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
ADELE ROTH	TRUSTEE, RES	1.00	Director	$0	$0	$0
SHIRLEY SMITH	PRESIDENT	1.00	Officer 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	$767,969	$909,294	$980,005	$-141,325
2023	$767,969	$909,294	$980,005	$-141,325
2022	$802,502	$808,741	$1,001,607	$-6,239
2021	$635,544	$537,105	$1,008,530	$98,439
2020	$1,297,787	$313,011	$936,644	$984,776