585 Arts Inc (EIN 862767219) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

Constance Chin

Phone

6178764275

Tax Period

2023-07-01 to 2024-06-30

585 Arts Inc, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.0M, a strong 70% operating margin.

Mission

The operation and programming of an expansive arts and performance space in Cambridge, MA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,397,600

Program Service Revenue $200,000

Investment Income $188,381

Other Revenue $0

TOTAL REVENUE $2,785,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $328,068

Program Expenses $388,965

Other Expenses $830,141

TOTAL EXPENSES $830,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,785,981	$3,752,363	-0.3%
Expenses	$830,141	$754,780	+0.1%
Net Income	$1,955,840	$2,997,583	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$271,923

Total Directors

$271,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea Itano	President	1.00	Officer Director	$0	$0	$0
Maure Aronson	Treasurer	1.00	Officer Director	$0	$46,376	$271,923
Nagesh Mahanthappa	Clerk	1.00	Officer Director	$0	$0	$0
Salvatore Zinno	Director	1.00	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	No data	No data	No data	No data
2024	$2,785,981	$830,141	$5,865,656	$1,955,840
2023	$3,752,363	$754,780	$4,104,772	$2,997,583
2022	$996,399	$225,114	$1,458,594	$771,285

585 Arts Inc