FOUNDATION FOR THE ARTS INC

EIN: 842080340 501(c)(3) Arts, Culture & Humanities

SANTA BARBARA, CA

Total Revenue
$211,000
Total Expenses
$212,404
Total Assets
$4,987
Net Assets
$4,929
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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
CA
Principal Officer
DANIEL GROTENHUIS
Phone
8054483929
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR THE ARTS INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2023. Revenue surged 1901% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO BRING TOGETHER COMMUNITY LEADERS, ART ENTHUSIASTS, BUSINESS PROFESSIONALS AND INSPIRED YOUTH TO LIFT UP THOSE IN NEED THROUGH THE ARTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $211,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $211,000

Expense Breakdown

Grants Paid $211,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $211,102
Other Expenses $1,404
TOTAL EXPENSES $212,404

Year-over-Year Comparison

2023 2022 Change
Revenue $211,000 $10,547 +19.0%
Expenses $212,404 $14,368 +13.8%
Net Income $-1,404 $-3,821 -0.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL GROTENHUIS PRESIDENT 1.00
Officer Director
$0 $0 $0
DAN ALDRICH DIRECTOR 0.10
Director
$0 $0 $0
MARIA JOSE FUENTES DIRECTOR 0.10
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
2023 $211,000 $212,404 $4,987 $-1,404
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