ARTSFUND

EIN: 910839644 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$16,178,758
Total Expenses
$15,204,294
Total Assets
$7,424,421
Net Assets
$6,927,938
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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
1969
Legal Domicile
WA
Principal Officer
MICHAEL GREER
Phone
2062819050
Tax Period
2023-10-01 to 2024-09-30

ARTSFUND, founded in 1969, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $15.2M left a modest 6% surplus.

Mission

STRENGTHEN THE COMMUNITY BY SUPPORTING THE ARTS THROUGH LEADERSHIP, ADVOCACY, AND GRANT MAKING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,643,885
Program Service Revenue $90,100
Investment Income $320,873
Other Revenue $123,900
TOTAL REVENUE $16,178,758

Expense Breakdown

Grants Paid $12,550,135
Salaries & Benefits $1,739,452
Fundraising Expenses $563,515
Program Expenses $13,415,428
Other Expenses $902,186
TOTAL EXPENSES $15,204,294

Year-over-Year Comparison

2023 2022 Change
Revenue $16,178,758 $14,599,518 +0.1%
Expenses $15,204,294 $14,985,771 +0.0%
Net Income $974,464 $-386,253 -3.5%
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

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Governance

Voting Members
33
Independent Members
33
Employees
19
Volunteers
45

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
8
$482,880
Total Directors
37
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY SNYDER CHAIR 5.00
Officer Director
$0 $0 $0
KAREN BERGIN CHAIR-ELECT 5.00
Officer Director
$0 $0 $0
ERIN HOBSON IMMEDIATE PAST CHAIR 5.00
Officer Director
$0 $0 $0
BRIAN PAULEN VICE CHAIR 5.00
Officer Director
$0 $0 $0
TOM LEONIDAS SECRETARY 5.00
Officer Director
$0 $0 $0
M THOMAS KROON TREASURER 5.00
Officer Director
$0 $0 $0
KUMI YAMAMOTO BARUFFI TRUSTEE 5.00
Director
$0 $0 $0
CARL G BEHNKE TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL P BENTLEY TRUSTEE 5.00
Director
$0 $0 $0
LESLIE RAY BERNSTEIN TRUSTEE 5.00
Director
$0 $0 $0
LIZ BERRY TRUSTEE 5.00
Director
$0 $0 $0
AARON BLANK TRUSTEE 5.00
Director
$0 $0 $0
LAURA DOEHLE TRUSTEE 5.00
Director
$0 $0 $0
PATRICK EVANS TRUSTEE 5.00
Director
$0 $0 $0
TIFFINY EVANS TRUSTEE 5.00
Director
$0 $0 $0
DIANNE HARRIS TRUSTEE 5.00
Director
$0 $0 $0
IAN KERRIGAN TRUSTEE 5.00
Director
$0 $0 $0
CATHY LEAP TRUSTEE 5.00
Director
$0 $0 $0
FRANCES LUKE TRUSTEE 5.00
Director
$0 $0 $0
ELIZABETH MACPHERSON HEARN TRUSTEE 5.00
Director
$0 $0 $0
RACHEL MCCALL TRUSTEE 5.00
Director
$0 $0 $0
BILL PREDMORE TRUSTEE 5.00
Director
$0 $0 $0
ANDREW RECINOS TRUSTEE 5.00
Director
$0 $0 $0
NORMA JEAN STRAW TRUSTEE 5.00
Director
$0 $0 $0
LOREN SUPP TRUSTEE 5.00
Director
$0 $0 $0
ANDREA TEMPLETON TRUSTEE 5.00
Director
$0 $0 $0
LINDA D WALTON TRUSTEE 5.00
Director
$0 $0 $0
SUNG YANG TRUSTEE 5.00
Director
$0 $0 $0
SHAVONDELIA BROWN TRUSTEE 5.00
Director
$0 $0 $0
PETE DAPPER TRUSTEE (THRU 11/23) 5.00
Director
$0 $0 $0
KEVIN FOX TRUSTEE 5.00
Director
$0 $0 $0
JACKIE JONES TRUSTEE 5.00
Director
$0 $0 $0
MARIA MACKEY TRUSTEE 5.00
Director
$0 $0 $0
TONY MILES TRUSTEE (THRU 11/23) 5.00
Director
$0 $0 $0
MARY PIGGOTT TRUSTEE 5.00
Director
$0 $0 $0
STEPHEN REYNOLDS TRUSTEE (THRU 11/23) 5.00
Director
$0 $0 $0
LINDSAY SIEVERKROPP TRUSTEE (THRU 11/23) 5.00
Director
$0 $0 $0
MICHAEL R GREER PRESIDENT/CEO 40.00
Officer
$299,590 $33,817 $333,407
KEITH G EASTER DIRECTOR OF FINANCE 40.00
Officer
$125,083 $24,390 $149,473
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 $16,178,758 $15,204,294 $7,424,421 $974,464
2023 $14,599,518 $14,985,771 $6,116,792 $-386,253
2022 $5,325,948 $4,176,049 $6,404,858 $1,149,899
2021 $15,058,277 $14,910,772 $5,262,172 $147,505
2020 $15,405,317 $14,201,036 $5,213,727 $1,204,281
2019 $3,524,849 $3,908,085 $4,439,708 $-383,236
2018 $5,191,666 $4,089,671 $5,003,934 $1,101,995
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