Art Access (EIN 870413445) - 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

1984

Legal Domicile

Phone

8013280703

Tax Period

2023-10-01 to 2024-09-30

Art Access, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $249K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $349K exceeded revenue, resulting in a 40% operating deficit.

Mission

The mission of Art Access is to build a diverse and inclusive arts community in Utah through creative opportunities for people with disabilities, and other marginalized communities, and through public engagement with the arts.

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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 $223,837

Program Service Revenue $11,967

Investment Income $85

Other Revenue $12,868

TOTAL REVENUE $248,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,879

Fundraising Expenses $12,254

Program Expenses $312,084

Other Expenses $103,269

TOTAL EXPENSES $349,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,757	$277,737	-0.1%
Expenses	$349,148	$336,975	+0.0%
Net Income	$-100,391	$-59,238	+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

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

$72,081

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clarence Bowman	Secretary	2.0	Officer Director	$0	$0	$0
Karthik Nadesan	President	5.0	Officer Director	$0	$0	$0
Megan Daigneau	Treasurer	5.0	Officer Director	$0	$0	$0
Erin Krauskopf	Board Member	2.0	Director	$0	$0	$0
Jem Locquiao	Board Member	2.0	Director	$0	$0	$0
Jordan Brun	Board Member	2.0	Director	$0	$0	$0
Marva Match	Board Member	2.0	Director	$0	$0	$0
Sylvia O'Hara	Board Member	2.0	Director	$0	$0	$0
Gabriella Huggins	Executive Director	40.0	Officer	$65,075	$7,006	$72,081

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	$248,757	$349,148	$177,440	$-100,391
2023	$277,737	$336,975	$238,961	$-59,238
2022	$334,980	$309,389	$271,399	$25,591
2021	$633,394	$437,627	$281,187	$195,767
2020	$292,442	$437,479	$179,572	$-145,037
2019	$511,238	$475,915	$251,668	$35,323
2018	$380,281	$422,542	$229,198	$-42,261
2017	$442,480	$485,933	$257,856	$-43,453

Art Access