VISUAL ART INSTITUTE (EIN 870340155) - 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

1978

Legal Domicile

Principal Officer

BRUCE ROBERTSON

Phone

8014743796

Tax Period

2023-01-01 to 2023-12-31

VISUAL ART INSTITUTE, founded in 1978, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $330K, a strong 33% operating margin.

Mission

VISUAL ART INSTITUTE'S MISSION IS TO FOSTER AND NURTURE CREATIVE, ARTISTIC DEVELOPMENT AND PERSONAL GROWTH THROUGH HIGH QUALITY ART INSTRUCTION FOR ALL AGES, ABILITIES, AND BACKGROUNDS ALONG THE WASATCH FRONT.

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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 $752,185

Program Service Revenue $266,962

Investment Income $-9,676

Other Revenue $0

TOTAL REVENUE $1,009,471

Expense Breakdown

Grants Paid $15

Salaries & Benefits $254,533

Fundraising Expenses $46,919

Program Expenses $555,197

Other Expenses $402,568

TOTAL EXPENSES $679,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,009,471	$535,791	+0.9%
Expenses	$679,116	$514,024	+0.3%
Net Income	$330,355	$21,767	+14.2%

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

$128,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANA JANATOVA	EXECUTIVE DI	40.00	Officer	$53,250	$0	$53,250
BRUCE ROBERTSON	ART DIRECTOR	40.00	Officer	$72,000	$3,600	$75,600
JASON WHEELER	BOARD PRESID	1.50	Officer Director	$0	$0	$0
TAMARA COPIER	VICE PRESIDE	2.60	Officer Director	$0	$0	$0
MARGARET GRIFFIN	TREASURER/SE	3.50	Officer Director	$0	$0	$0
JULIE BERRY	TREASURER	1.50	Officer Director	$0	$0	$0
LAURIE BRAY	DIRECTOR	1.00	Director	$0	$0	$0
ELISE MURDOCK	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL GREEN	DIRECTOR	0.50	Director	$0	$0	$0
KELLY MURDOCK	DIRECTOR	2.00	Director	$0	$0	$0
NOREEN ROECA	DIRECTOR	0.75	Director	$0	$0	$0
SCOTT JENSEN	DIRECTOR	0.50	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
2024	No data	No data	No data	No data
2023	$1,009,471	$679,116	$1,477,841	$330,355
2022	$535,791	$514,024	$1,180,984	$21,767
2021	$388,291	$350,744	$164,554	$37,547
2020	$231,640	$256,806	$109,781	$-25,166

VISUAL ART INSTITUTE