SANCTUARY OF THE ARTS 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

LEWIS S EIDSON

Phone

7863625132

Tax Period

2023-10-01 to 2024-09-30

SANCTUARY OF THE ARTS INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $774K in total revenue in fiscal year 2023. Expenses of $856K exceeded revenue, resulting in a 11% operating deficit.

Mission

SANCTUARY OF THE ARTS IS AN ARTIST-LED INSTITUTION CHARGED TO SERVE THE COMMUNITY WITH ARTS EDUCATION, CULTURAL DEVELOPMENT, COMMUNITY ENGAGEMENT, PERFORMANCE AND EVENTS.

Program Service Accomplishments

Program 1

Expenses: $196,316 Revenue: $49,157

In its 4th season, Sanctuary of the Arts held many performances both individually and in collaboration with other performance entities.

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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 $669,284

Program Service Revenue $49,157

Investment Income $0

Other Revenue $55,264

TOTAL REVENUE $773,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $196,316

Other Expenses $856,207

TOTAL EXPENSES $856,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$773,705	$755,535	+0.0%
Expenses	$856,207	$670,424	+0.3%
Net Income	$-82,502	$85,111	-2.0%

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

N/A

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

$44,044

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAFAEL MALDONADO-LOPEZ	MAN. DIRECTOR	20.00	Officer	$44,044	$0	$44,044
LEWIS S EIDSON	PRESIDENT	10.00	Officer	$0	$0	$0
BRIAN LARSON	OFFICER	2.00	Officer	$0	$0	$0
MARGARET EIDSON	VICE PRESIDENT	2.00	Officer	$0	$0	$0
LYDIA HARRISON	OFFICER	2.00	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	$773,705	$856,207	$1,285,467	$-82,502
2023	$755,535	$670,424	$1,367,969	$85,111
2022	$873,462	$490,594	$1,321,392	$382,868
2021	$325,000	$243,932	$941,983	$81,068
2020	$1,226,130	$403,749	$861,849	$822,381