FOUNDATION FOR SPIRITUALITY AND THE ARTS INC (EIN 861930713) - Form 990 Financial Analysis & Trantor Score

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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

TYLER ROLLINS

Phone

2123289265

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR SPIRITUALITY AND THE ARTS INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $314K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $297K left a modest 5% surplus.

Mission

BUILDING ON THE WISDOM OF MILLENNIA OF CAREFUL REFLECTION ABOUT THE DIVINE, THE FOUNDATION FOR SPIRITUALITY AND THE ARTS FOSTERS CONVERSATIONS, RESIDENCIES, AND OTHER PROGRAMS TO NURTURE CONNECTIONS BETWEEN CONTEMPORARY ART AND FAITH.

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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 $313,082

Program Service Revenue $0

Investment Income $0

Other Revenue $507

TOTAL REVENUE $313,589

Expense Breakdown

Grants Paid $43,780

Salaries & Benefits $171,711

Fundraising Expenses $0

Program Expenses $218,079

Other Expenses $81,713

TOTAL EXPENSES $297,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,589	$229,943	+0.4%
Expenses	$297,204	$264,309	+0.1%
Net Income	$16,385	$-34,366	-1.5%

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

$144,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER ROLLINS	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
JOHN SILVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN STONE TALWAR	TREASURER	1.00	Officer Director	$0	$0	$0
LEEZA AHMADY	DIRECTOR OF PROGRAMS	24.00	Officer	$54,750	$3,750	$58,500
JULIE HAMILTON	FOUNDATION MANAGER	40.00	Officer	$82,443	$3,420	$85,863

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	$313,589	$297,204	$49,945	$16,385
2023	$229,943	$264,309	$55,785	$-34,366
2022	$237,557	$208,878	$90,699	$28,679
2021	$150,598	$112,575	$39,294	$38,023

FOUNDATION FOR SPIRITUALITY AND THE ARTS INC