Free Arts dba Free Arts for Abused Children (EIN 953252001) - 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

1977

Legal Domicile

Principal Officer

Jennifer Foyer

Phone

3103134278

Tax Period

2023-01-01 to 2023-12-31

Free Arts dba Free Arts for Abused Children, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $607K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $701K exceeded revenue, resulting in a 16% operating deficit.

Mission

Free Arts programs inspire hope in the lives of children who have experienced abuse, neglect, poverty and homelessness through innovative creative arts programs and positive interactions with caring adult volunteers.

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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 $627,628

Program Service Revenue $0

Investment Income $2,248

Other Revenue $-22,993

TOTAL REVENUE $606,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,513

Fundraising Expenses $41,950

Program Expenses $548,080

Other Expenses $500,446

TOTAL EXPENSES $700,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$606,883	$856,769	-0.3%
Expenses	$700,959	$661,419	+0.1%
Net Income	$-94,076	$195,350	-1.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

$84,217

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bianca Hunter	Executive Dir.	40.00	Officer	$84,217	$0	$84,217
Jessica Staheli	Secretary	5.00	Officer Director	$0	$0	$0
Jennifer Foyer	President	5.00	Officer Director	$0	$0	$0
Michelle McCarthy	Member	5.00	Director	$0	$0	$0
Grant Hartwell	Member	5.00	Director	$0	$0	$0
Aaron Battista	Advisor	5.00	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
2024	No data	No data	No data	No data
2023	$606,883	$700,959	$511,799	$-94,076
2022	$856,769	$661,419	$622,835	$195,350
2021	$733,617	$657,198	$384,928	$76,419
2020	$777,673	$644,435	$310,538	$133,238
2019	$795,511	$765,549	$197,585	$29,962
2018	$835,405	$782,603	$181,330	$52,802

Free Arts dba Free Arts for Abused Children