SOMArts

🔒

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

1979

Legal Domicile

Principal Officer

Maria Jenson

Phone

4158631414

Tax Period

2024-07-01 to 2025-06-30

SOMArts, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

SOMArts leverages the power of art as a tool for social change through multi-disciplinary events and exhibitions. Equipping artists with space, mentorship, and the support they need to shift perspectives and innovate solutions, SOMArts fosters access to arts and culture for collective liberation and self-determination.

Program Service Accomplishments

Program 1

Expenses: $1,336,815

Fiscal SponsorshipsSOMARTS PROVIDES FISCAL SPONSORSHIPS FOR VARIOUS ARTISTS AND EMERGING ORGANIZATIONS, enabling a breadth of fundraising opportunities that would not be available without such...

Fiscal SponsorshipsSOMARTS PROVIDES FISCAL SPONSORSHIPS FOR VARIOUS ARTISTS AND EMERGING ORGANIZATIONS, enabling a breadth of fundraising opportunities that would not be available without such sponsorship. THESE ARTISTS AND ORGANIZATIONS RECEIVE financial management services,GRANT-WRITING ASSISTANCE, AND operational support.

Program 2

Expenses: $520,221

Event Rental ProgramHISTORICALLY, SOMARTS TYPICALLY HELPS PRODUCE OVER 90 EVENTS PER YEAR. DURING THE FISCAL YEAR ENDED JUNE 30, 2022 the program began to welcome back clients to our space and the...

Event Rental ProgramHISTORICALLY, SOMARTS TYPICALLY HELPS PRODUCE OVER 90 EVENTS PER YEAR. DURING THE FISCAL YEAR ENDED JUNE 30, 2022 the program began to welcome back clients to our space and the organization helped produce 26 events for other nonprofits and mission-aligned groups.

Program 3

Expenses: $515,845

Exhibition Programs (Gallery)SOMARTS PRODUCES AND SUPPORTS A DYNAMIC RANGE OF EXHIBITIONS IN SUPPORT OF ITSMISSION TO PROMOTE ART ON THE COMMUNITY LEVEL AND FOSTER AN APPRECIATION OF ANDRESPECT FOR ALL CULTURES. THIS INCLUDES SIX LARGE-SCALE EXHIBITIONS EACH YEAR INADDITION TO PROVIDING GUIDANCE, TECHNICAL, AND PUBLICITY SUPPORT FOR two to three EXHIBITIONS AWARDED THROUGH THE CURATORIAL RESIDENCY PROGRAM, ALONG WITH 15-20EXHIBITIONS ANNUALLY THROUGH THE COMMUNITY-CURATED RAMP GALLERY. SOMARTS ANNUALLYPRODUCES OVER 20 EXHIBITION-RELATED CULTURAL LEARNING AND ART-MAKING EVENTS INCLUDING TALKS, PERFORMANCES, AND WORKSHOPS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $2,433,550

Program Service Revenue $311,830

Investment Income $5,251

Other Revenue $20,280

TOTAL REVENUE $2,770,911

Expense Breakdown

Grants Paid $352,762

Salaries & Benefits $1,331,860

Fundraising Expenses $133,041

Program Expenses $2,404,624

Other Expenses $1,310,212

TOTAL EXPENSES $2,994,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,770,911	$3,194,976	-0.1%
Expenses	$2,994,834	$3,562,005	-0.2%
Net Income	$-223,923	$-367,029	-0.4%

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

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

$139,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maria Jenson	Exec Director	40.00	Officer	$119,806	$19,335	$139,141
Robert Goldfarb	ED-LCD	40.00		$106,748	$1,067	$107,815
Trisha Lagaso Goldberg	Board Chair	1.00	Officer Director	$0	$0	$0
Mike Anderson	Treasurer	1.00	Officer Director	$0	$0	$0
Lisa Burger	Secretary	1.00	Officer Director	$0	$0	$0
Erica Waltemade	Director	1.00	Director	$0	$0	$0
Yennga Khuong	Secretary	1.00	Director	$0	$0	$0
Stella Lochman	Director	1.00	Director	$0	$0	$0
Dania Cabello	Director	1.00	Director	$0	$0	$0
Jess Bullock	Director	1.00	Director	$0	$0	$0
Mitch Grummon	Director	1.00	Director	$0	$0	$0
Woody Hanson	Director	1.00	Director	$0	$0	$0
Paola de la Calle	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	$2,770,911	$2,994,834	$1,214,162	$-223,923
2024	$3,194,976	$3,562,005	$1,380,227	$-367,029
2023	$3,528,283	$3,160,783	$1,782,930	$367,500
2022	$2,631,622	$2,526,077	$1,482,935	$105,545
2021	$1,930,057	$1,694,463	$1,339,594	$235,594
2020	$1,783,253	$1,888,436	$1,027,868	$-105,183
2019	$1,830,724	$1,771,224	$982,276	$59,500
2018	$1,534,683	$1,462,865	$896,969	$71,818