INSTITUTE FOR ART AND LIVING (EIN 942863323) - 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

1982

Legal Domicile

Principal Officer

Robert Hardy

Phone

4154578615

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE FOR ART AND LIVING, founded in 1982, is a small nonprofit that reported $307K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

CLASSES AND WORKSHOPS. TEACHING STUDENTS SPECIALIZED PAINTING SKILLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $34,050

Program Service Revenue $273,228

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,592

Fundraising Expenses $0

Program Expenses $238,379

Other Expenses $171,467

TOTAL EXPENSES $324,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,278	$194,731	+0.6%
Expenses	$324,059	$293,074	+0.1%
Net Income	$-16,781	$-98,343	-0.8%

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

N/A

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

Total Directors

Key Employees

$96,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stewart Cubley	Exec Director/CEO	40	Key Emp Highest	$96,000	$0	$96,000
Karine Baczynski	Treasurer	0	Director	$0	$0	$0
Elissa Arbeitman	Board Member	0	Director	$0	$0	$0
Rise Daniels	Board Member	0	Director	$0	$0	$0
Nicole Cournoyer	Board Member	0	Director	$0	$0	$0
Robert Hardy	President	0	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	$307,278	$324,059	$274,176	$-16,781
2023	$194,731	$293,074	$337,706	$-98,343
2022	$207,901	$250,901	$467,405	$-43,000
2021	$258,840	$204,823	$374,092	$54,017
2020	$208,816	$224,598	$197,803	$-15,782
2019	$325,935	$304,719	$47,250	$21,216
2018	$312,253	$305,960	$26,820	$6,293

INSTITUTE FOR ART AND LIVING