MAD ABOUT ART

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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

2021

Legal Domicile

Principal Officer

Chad J Skrbina

Phone

7738183220

Tax Period

2025-01-01 to 2025-12-31

MAD ABOUT ART, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $250K in total revenue in fiscal year 2025.

Mission

The mission of Mad About Art! is to plan and execute art programs for its members.

Program Service Accomplishments

Program 1

Expenses: $155,424 Revenue: $144,455

2025 Switzerland Art Program

Program 2

Expenses: $78,941 Revenue: $82,314

2025 Washington DC Art Program

Program 3

Expenses: $9,107 Revenue: $58,000

2026 New Orleans Art Program

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $250,364

Investment Income $8

Other Revenue $0

TOTAL REVENUE $250,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,472

Other Expenses $254,845

TOTAL EXPENSES $254,845

Year-over-Year Comparison

	2025	2024	Change
Revenue	$250,372	$258,316	0.0%
Expenses	$254,845	$271,370	-0.1%
Net Income	$-4,473	$-13,054	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patty Horsch	Membership	2.00	Director	$0	$0	$0
Chad J Skrbina	President	2.00	Officer Director	$0	$0	$0
Kate McDaniel	Secretary	2.00	Officer Director	$0	$0	$0
Stacey A Wilson	Treasurer	2.00	Officer Director	$0	$0	$0
Carol Whitley	Programs	2.00	Director	$0	$0	$0
Hanne Lichtenfels	Past President	2.00	Director	$0	$0	$0
Helen Shreves	Travel Coordinator	2.00	Director	$0	$0	$0
Robin Shaefer	Communications	2.00	Director	$0	$0	$0
Terry McCullough	Communications	2.00	Director	$0	$0	$0
Mary Willis	Nominations	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
2025	$250,372	$254,845	$39,982	$-4,473
2024	$258,316	$271,370	$44,455	$-13,054
2023	$205,603	$162,029	$57,509	$43,574