ARTSFUND FOUNDATION

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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

1997

Legal Domicile

Principal Officer

MICHAEL GREER

Phone

2062819050

Tax Period

2023-10-01 to 2024-09-30

ARTSFUND FOUNDATION, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 80% operating margin.

Mission

THE ARTSFUND FOUNDATION WAS CREATED TO SUPPORT THE ACTIVITIES OF AND FOR THE BENEFIT OF ARTSFUND, AN ORGANIZATION DESCRIBED IN CODE SECTION 501(C)(3).

Program Service Accomplishments

Program 1

Expenses: $1,352,212

ARTSFUND FOUNDATION PROVIDES MANAGEMENT OF ENDOWMENT FUNDS FOR ARTSFUND, A SEPARATE IRS SECTION 501(C)(3) ORGANIZATION. ARTSFUND PROVIDES OPERATING GRANTS TO IRS SECTION 501(C)(3) NONPROFIT ARTS...

ARTSFUND FOUNDATION PROVIDES MANAGEMENT OF ENDOWMENT FUNDS FOR ARTSFUND, A SEPARATE IRS SECTION 501(C)(3) ORGANIZATION. ARTSFUND PROVIDES OPERATING GRANTS TO IRS SECTION 501(C)(3) NONPROFIT ARTS ORGANIZATIONS. ARTSFUND FOUNDATION PAID $1,352,212 TO ARTSFUND DURING FISCAL YEAR ENDING SEPTEMBER 30, 2024.

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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 $5,494,848

Program Service Revenue $0

Investment Income $2,076,867

Other Revenue $0

TOTAL REVENUE $7,571,715

Expense Breakdown

Grants Paid $1,352,212

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,352,212

Other Expenses $142,304

TOTAL EXPENSES $1,494,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,571,715	$2,387,256	+2.2%
Expenses	$1,494,516	$1,010,243	+0.5%
Net Income	$6,077,199	$1,377,013	+3.4%

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

N/A

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

$333,407

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDY MCDADE	CHAIR	0.50	Officer Director	$0	$0	$0
JUDI BECK	VICE CHAIR	0.30	Officer Director	$0	$0	$0
JAMES R DUNCAN	SECRETARY	0.30	Officer Director	$0	$0	$0
KEVIN FOX	TRUSTEE	0.30	Director	$0	$0	$0
MARY PIGOTT	TRUSTEE	0.30	Director	$0	$0	$0
TONY MILES	TRUSTEE	0.30	Director	$0	$0	$0
STEPHEN REYNOLDS	TRUSTEE (THROUGH 11/2023)	0.30	Director	$0	$0	$0
MICHAEL GREER	PRESIDENT	0.50	Officer	$0	$33,817	$333,407

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	$7,571,715	$1,494,516	$38,786,569	$6,077,199
2023	$2,387,256	$1,010,243	$28,485,479	$1,377,013
2022	$3,757,473	$1,054,941	$26,360,953	$2,702,532
2021	$1,472,883	$1,013,850	$32,553,145	$459,033
2020	$7,541,858	$2,422,489	$27,808,362	$5,119,369
2019	$619,449	$893,751	$21,560,654	$-274,302
2018	$2,012,279	$1,563,012	$21,732,886	$449,267